Rightmove’s purpose is to make home moving in the UK easier and in doing so, we will innovate to help our consumers and customers use technology to save time and resources, reducing their own environmental impact and carbon footprint. Our ability to reach the largest UK property market audience and professionals, gives Rightmove an opportunity to contribute to the reduction of the UK’s carbon footprint, as well as to focus on our own operations and our own emissions.
Alignment with the UN SDGs
We are pleased to report that Rightmove has maintained its position as a carbon neutral business for 2022.
To read the full details of our environmental reporting, including our latest TCFD report and our validated SBTi targets, please go to our latest annual report and results.
An independent third-party specialist agency has assessed Rightmove’s Greenhouse Gas (GHG) emissions in accordance with the UK Government’s ‘Environmental Reporting Guidelines: Including Streamlined Energy and Carbon Reporting Guidance’. The GHG emissions have been assessed following the ISO 14064-1:2018 standard and has used the 2022 emission conversion factors published by Department for Environment, Food and Rural Affairs (Defra) and the Department for Business, Energy & Industrial Strategy (BEIS). The assessment follows the market-based approach for assessing Scope 2 and Scope 3 Data Centre emissions from electricity usage. The financial control approach has been used.
The table below summarises the Group’s UK and Global GHG emissions (the Group’s emissions are all derived from the UK) for the latest financial reporting year and prior year comparison:
|Scope||Activity||Tonnes CO2e (market based)|
|Scope 1(2)||Company car travel||171.33||98.32|
|Scope 2(3)||Electricity generation||27.83||2.98|
|Scope 3||Grey Fleet||21.30||59.64|
|Total CO2e (Scope 1 and 2 including Grey Fleet)||220.46||161.55|
|Tonnes of CO2e per employee(4)||0.39||0.25|
|Tonnes of CO2e per £million turnover(5)||0.72||0.49|
|Additional Scope 3(7)||Purchased Goods and Services||273.25||379.12|
|Fuel and Energy related activities||62.18||27.81|
|Employee Commuting and Home Working||177.09||300.70|
|Scope 3 Total CO2e||568.80||886.84|
|Total CO2e (Scope 1, 2 and 3)||789.26||1,048.39|
(1) 2021 figures have been restated for additional emissions identified in the SBTi target validation process. Further Scope 3 emissions, including emissions relating to capital goods, Well-To-Tank and employee commuting, were identified, which increased Rightmove’s 2020 and 2021 total market-based emissions to 977.02 tCO2e and 789.26 tCO2e (including optional home working) respectively.
(2) Scope 1 (car fuel) emissions for 2021 included both employee business and private mileage. For 2022, emissions relating to employee business mileage only are included.
(3) Scope 2 electricity generation location-based emissions were 78.06 tCO2e for 2022 (2021: 70.64 tCO2e).
(4) Based on 646 employees in 2022 and 572 employees in 2021, taken as the average number of employees in the Group throughout each year.
(5) Based on turnover of £332.6m for 2022 and £304.9m for 2021.
(6) Total kWh includes UK Electricity, Company Owned Vehicles and grey fleet as required for SECR.
(7) Scope 3 emissions include Data Centre electricity on a market basis.
(8) Excluding Grey Fleet emissions as reported within the mandatory Scope 3 section.
SBTi Near-Term and Net-Zero Targets
Rightmove plc has approved near and long-term science-based emissions reduction targets with the Science Based Targets initiative. These targets can be found at https://sciencebasedtargets.org/companies-taking-action and are as follows:
|Net-Zero||reduce absolute scope 1 and scope 2 GHG emissions by 90% by 2040, from a 2020 base year, and reduce absolute scope 3 GHG emissions 90% by 2040 from a 2020 base year.|
|Near-term||reduce our absolute scope 1 and 2 GHG emissions by 47.6% by 2030, compared to our FY2020 base year and our absolute scope 3 GHG emissions 42% within the same timeframe.|
We are aiming to reach net-zero in our direct operations (Scope 1 and 2) ahead of this, by 2030.
Please see our Annual Report for progress against these targets.
Long-term targets to achieve Net Zero
In order to meet our net zero commitments, we will conduct an annual analysis of the Group’s Scope 1, 2 and 3 emissions, and have committed to the following climate action plans:
|SCOPE 1||Company Car travel
Company cars to be ultra-low emission
75% by 2025
100% by 2028
Customer contact policy to allow a minimum of two days a week on the road.
Replace company cars with electric vehicles or equivalent emissions by 2030.
|SCOPE 2||Office electricity – transfer to renewables
Ensure all offices are powered by renewable electricity.
ESOS stage 3 review recommendations to be evaluated
|SCOPE 3||Outsourced Data Centres
Work with one data centre provider to move to renewable energy
Continue rack reduction in all data centres
Transition to hybrid cloud data solution over three years with a cloud provider using entirely renewable energy.
Commuting and homeworking
Hybrid working policy – maintain flexibility of office working to reduce commuting emissions (which are lower than homeworking emissions).
We will continue to monitor and review our hybrid working policy in 2023 to optimise the use of home and office working for operating performance, employee welfare and environmental impact.
In 2022, we identified Rightmove’s top suppliers in marketing, market research and information services and launched a carbon emissions survey. A key area of focus going forward will be working with our suppliers to actively reduce expenditure on marketing channels associated with high emissions intensity and encourage information services suppliers to improve environmental reporting and move to renewable energy, as we have with cloud services.
We are committed to reporting in line with the Taskforce on Climate-related Financial Disclosures (‘TCFD’) and its recommendations.
Our climate governance is incorporated into our main governance structure with oversight from the Board. The Chief Financial Officer has executive responsibility for implementing Rightmove’s ESG strategy and chairs the Risk Committee. Our Governance structure can be found here.
Rightmove’s purpose is to make home moving in the UK easier by innovating in ways that help our consumers and customers to use technology in a way that makes the home moving process more efficient, saves time and resources and helps to cut carbon emissions. Our ability to reach the UK ’s largest property market audience and professionals gives Rightmove a rare opportunity to contribute to the reduction of the property market’s carbon footprint, as well as focusing on our own operational efficiency and emissions.
The Board has overall oversight and responsibility for Rightmove’s Risk Management Framework, which supports the identification, assessment and management and control of the risks facing Rightmove – this is described in detail, together with the Board, Audit Committee and Risk Committee responsibilities, in the Risk Management section of our Annual Report. The Risk Management Framework includes ESG and climate-related risks, which are established as their own risk categories and fully integrated into the risk register. The Board and Audit Committee review all significant and emerging risks semi-annually.
Metrics and Targets
Please find our Energy and Greenhouse Gas Report above. Our environmental targets and our progress against these can be found in our latest Annual Report.
Please see the Environmental section of our latest Annual Report for our detailed TCFD disclosures covering Governance, Strategy, Risk Management and Metrics and Targets.
You can read about Rightmove’s own environmental performance and full details of our climate reporting in the Sustainability section of our latest annual report and accounts here.
The UK’s current target is to become Net Zero by 2050, and 25% of the UK’s emissions are directly attributable to property¹.
As consumers and other stakeholders become increasingly concerned about the environment, sustainability will become a key discriminator in land, build, property selection and homeowning/financing. Policymakers and companies will face greater pressure to act.
Using our market leading information and data for the benefit of all industry stakeholders to progress sustainability and to reach our internal company targets.
Continue to make our business more sustainable by minimising our environmental impact and becoming a Net Zero business by 2040 and in our direct operations by 2030
Become the leading source of green data and insight and create owned and partner opportunities across Rightmove’s ecosystem
Become the leading trusted voice for home movers, landlords, agents and new homes developers to help them understand the challenges, opportunities & benefits of going green
Lead the way in helping commercial tenants and investors to discover sustainable buildings
Our Go Greener employee group was launched in 2023 to embed the Go Greener initiative across Rightmove and to create bottom-up momentum and ownership of environmental projects.
Are homes in the UK going greener? Are we making progress towards making homes more energy efficient? The government has a target to get as many homes ‘as practicable’ up to an Energy Performance Certificate (EPC) rating of C by 2035. Our data shows that 60% of homes for sale on Rightmove – and 50% of homes available to rent – have an EPC rating of D or below. If EPC improvements carry on at the current rate, it would take 43 years for 100% of the houses that are currently for sale across Great Britain to reach an EPC rating of A-C, and 31 years for houses that are currently available to rent.
Rightmove Greener Homes Report is an in-depth study that looks into the challenges and behaviours to creating more sustainable homes in the UK. We’ve asked thousands of home owners and landlords to share their views on the practical challenges to creating more sustainable homes, and to find out more about the energy-saving changes they’re already making.
Rightmove reports against the following indices: