At Clarion we believe in leaving a legacy of not just homes, but a sustainable future.
The impacts of climate change are affecting our residents, our communities, our people, and our business. If we want to continue in our mission to provide good quality, sustainable and affordable homes for the next 125 years, we must meet this challenge head on.
This is why we are proud to introduce our first Climate Transition Plan (CTP), laying out how we will reach net zero carbon across our existing homes, new developments and in our business by 2050 in a just, fair and inclusive way for our residents.
Introducing our Climate Transition Plan
Clare Miller, Group Chief Executive, and Miles Lewis, Director of Sustainability, introduce our Climate Transition Plan.
Find out how we developed the plan, the four key pillars we are using to guide our delivery, and how residents are at the heart of everything we do.
Net zero by 2050: putting residents at the heart of the transition
Our plan is focused on carbon emissions, but the main objective is for healthier, warmer, cheaper to run homes for our residents. We’re using carbon as the proxy, as that shows how we’re progressing if we do it right, but our priority remains our residents.
The contents of this plan reflect our long-term financial plan - our costed plan for building, upgrading and maintaining our homes over the next 30 years. However, we know that within that long-term financial plan we will require the realisation of innovative finance models to deliver some of those crucial carbon reductions needed between now and 2050.
Crucially, we have identified that there is still some work to be done to realise this plan and to do more - we have a gap remaining to get to net zero by 2050, based on our modelling - so we have also included details of what we want to do, and how we hope to advocate and partner with others, to bridge that gap.
Our pathway to net zero carbon
Our Climate Transition Plan has four focus areas. Click on each of the images below to see our full 2050 trajectory and a break-down of the focus areas.
Our full emissions reduction trajectory to 2050 covering existing homes, new developments and our business.1Of5
“The climate transition will be powered by people. If people feel left behind, this poses significant risks in undermining even the best thought-out plans.”
Putting People at the Heart of Transition Plans: Key Steps and Metrics for issuers – An Advisory Paper from the Transition Plan Taskforce’s Just Transition Working Group (April 2024)
Delivering a just, fair and inclusive transition
We are committed to ensuring that our residents will not be in a worse financial position due to decarbonisation initiatives, and we are focused on delivering the multi-faceted benefits of this transition, notably; decarbonised homes that are cheaper to run, more comfortable, healthier to live in and more climate resilient.