Operational platformsiOperational platformsDistinct investment vehicles / managed businesses in the fund. Each consolidates up from its own buildings.
3
2024 footprint tCO₂eiReported footprintThe footprint of platforms that are reporting. Coverage is still partial — see the platforms table.
164.8
Change vs base yeariChange vs base yearMovement against the 2022 base year. Decompose operational improvement from one-off effects on the Performance page.
-16.9%
Assets at MEES riskiMEES / stranded-asset riskBuildings below the proposed minimum EPC for commercial lettings — a re-letting and valuation risk. See Climate risk.
1
Tenant energy is the fund's whole carbon story
Category 13 is the overwhelming majority of the footprint. Fund-level decarbonisation runs through tenant engagement and building retrofit — not the manager's own operations.
The reporting gap is the first fund-level action
Only one of 3 platforms has full coverage; the others are partial or not yet reporting. The fund's headline number is incomplete until that closes.
Down 16.9% on the reported estate
A real reduction against the 2022 base year — the Performance section splits genuine operational improvement from vacancy and one-off effects.
The fund's headline 164.8 tCO₂e is the gross-asset figure across all 3 buildings. The attributed figure of 159.4 tCO₂e is what consolidates to Pawston UK Real Estate Fund I after the 60% LP stake in the Riverside Co-Invest JV is applied — the number an LP sees on their share of the fund.
Cat 1 — Purchased goods and servicesiCategory 1 — Purchased goods and servicesCradle-to-gate emissions of goods and services bought in the year — for a property owner, facilities management, contractors, lawyers and consultants.6.0 tCO₂e
Cat 2 — Capital goodsiCategory 2 — Capital goodsCradle-to-gate emissions of capital assets — plant, equipment, fit-out, and buildings acquired in the year.3.5 tCO₂e
Cat 3 — Fuel- and energy-related activitiesiCategory 3 — Fuel- and energy-related activitiesWell-to-tank and grid transmission & distribution losses for the fuels and electricity already counted in Scopes 1 and 2.14.0 tCO₂e
Cat 4 — Upstream transportation and distributioniCategory 4 — Upstream transportation and distributionTransport and distribution of purchased goods, where the company pays for the logistics.1.0 tCO₂e
Cat 5 — Waste generated in operationsiCategory 5 — Waste generated in operationsDisposal and treatment of waste from the company's own operations. Tenant waste is optional.0.8 tCO₂e
Cat 6 — Business traveliCategory 6 — Business travelEmployee travel for business — flights, rail, taxis — in vehicles the company does not own.2.5 tCO₂e
Cat 7 — Employee commutingiCategory 7 — Employee commutingEmployee travel between home and the workplace.1.5 tCO₂e
Cat 8 — Upstream leased assetsiCategory 8 — Upstream leased assetsOperation of assets the company leases in (e.g. its own offices), not already in Scopes 1 and 2.0.2 tCO₂e
Cat 9 — Downstream transportation and distributioniCategory 9 — Downstream transportation and distributionTransport of sold products after they leave the company. Not applicable to commercial real estate.Not applicable
Cat 10 — Processing of sold productsiCategory 10 — Processing of sold productsFurther processing of sold intermediate products by another company. Not applicable to commercial real estate.Not applicable
Cat 11 — Use of sold productsiCategory 11 — Use of sold productsLifetime in-use emissions of sold products. For a developer, a sold building's modelled operational energy; for an owner, immaterial.Not applicable
Cat 12 — End-of-life treatment of sold productsiCategory 12 — End-of-life treatment of sold productsEnd-of-life emissions of sold products. For a developer, a sold building's demolition and disposal.Not applicable
Cat 13 — Downstream leased assetsiCategory 13 — Downstream leased assetsOperation of assets the company owns and leases out — tenant energy use. Typically the single largest source for a property owner.133.5 tCO₂e
Cat 14 — FranchisesiCategory 14 — FranchisesOperation of franchises. Not applicable to commercial real estate.Not applicable
Cat 15 — InvestmentsiCategory 15 — InvestmentsOperational emissions of equity and debt investments and joint ventures, where material.1.8 tCO₂e
Category 13 (downstream leased assets — tenant energy) dominates the footprint, as the UKGBC guide expects for a property owner. Performance, disclosure readiness and climate risk are in the sections alongside.