SAVILLS PLC.
SVS.LSE | Real estate activities on a fee or contract basis
Savills is a global real estate services provider. The company offers a broad range of services, including agency (sales and leasing), property management, valuation, and consultancy services. Savills operates across various property sectors, including residential, commercial, and rural properties. ...Show More
Better Health for All
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Savills offers comprehensive mental health programs for employees, including an Employee Assistance Programme rated ‘excellent’
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and a partnership with MYNDUP providing up to three hours of free therapy/counselling per month to all global employees, with an average of 214 hours booked monthly.
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The company has trained 333 mental health champions (39 in 2024)
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and 650 line managers (75% of managers by 2026)
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and has been a signatory of the ‘Time to Change’ pledge since 2017.
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Savills Investment Management, a subsidiary, partnered with The Cycle charity to deliver educational programs on hygiene and menstrual health in deprived schools in Southern India, beneficially changing the lives of 2,579 children and their families/communities.
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Savills' principal services, particularly in healthy urban design and real estate consultancy, aim to create spaces that enhance physical and mental health and wellbeing,
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with improved indoor air quality potentially increasing worker productivity by up to 11%.
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The company also operates in the healthcare real estate market
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and launched 'Savills Earth' as part of its commitment to public health contributions.
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In terms of externalities, Savills achieved a 59% reduction in Scope 1 and 2 greenhouse gas emissions compared to 2019
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and an 11% reduction in Scope 3 emissions compared to 2023.
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In 2024, 88% of its electricity was supplied by green or REGO-backed renewable tariffs,
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and 37% of company vehicles are electric.
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Fair Money & Economic Opportunity
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Savills is a global real estate services provider, not a financial institution offering lending or deposit services to consumers. Consequently, most KPIs under 'Fair Money & Economic Opportunity' are not applicable to its core business model. The company does not offer consumer credit products, manage customer financial data for open banking, or directly impact customer credit scores or savings. Therefore, KPIs such as `underserved_client_share`, `pricing_fairness`, `exploitative_fee_exposure`, `inclusion_initiatives`, `data_accessibility`, `fair_lending_compliance`, `wealth_building_outcome`, `financial_literacy_initiatives`, `debt_burden_ratio`, `geographic_inclusion`, and `product_simplicity` are scored 0. The KPI `profit_reinvestment` is omitted as the reported 0.5% of profits for charitable donations does not precisely match any defined quantitative threshold in the rubric for 'community finance or profit-sharing with underserved communities'.
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Fair Pay & Worker Respect
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Savills reported a median gender hourly pay gap of 21.76% in 2022, indicating women's median pay was 78.24% of men's median pay.
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The company also reported a reduction in its mean gender hourly pay gap from 26.03% in 2021 to 20.11% in 2023
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, and its mean ethnicity hourly pay gap from 24.17% in 2021 to 18.72% in 2022.
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Savills has implemented a Junior Broker Development Program to support diversity, including people of color and women, through a 15-month mentorship and training period.
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Fair Trade & Ethical Sourcing
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Savills' direct involvement in raw material procurement is limited, as the company primarily operates as a real estate services firm. This means it does not procure or trade physical commodities that would typically be fair-trade certified or involve significant sourcing of at-risk inputs. In March 2023, Savills published its Modern Slavery Statement, covering the period from January 1, 2022, to December 31, 2022.
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The statement outlines the company's structure, business, and supply chains, and details policies, risk assessments, due diligence processes, training initiatives, and key performance indicators related to modern slavery risks.
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Honest & Fair Business
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Savills has a comprehensive Code of Conduct, updated in June 2023, which forms its ethical framework.
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It maintains a zero-tolerance policy towards bribery and corruption, explicitly prohibiting various forms of corrupt activity, including tax evasion and facilitation payments.
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The policy includes specific spending limits for meals, entertainment, hospitality (e.g., €125 per head per meal, €250 per head per event), and gifts (€50 maximum value per gift), with all such items above certain thresholds required to be recorded in Gifts & Hospitality Registers.
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Due diligence is conducted on business partners, and special care is taken with government officials.
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Business ethics training is an essential part of the induction process and is regularly updated through online training and testing, including Modern Slavery Awareness training.
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,
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The company also has a whistleblowing policy that encourages employees to report concerns, allowing for anonymous reports.
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This policy ensures confidentiality and protection from detrimental treatment for those making reports in good faith.
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All allegations are committed to thorough, prompt, and confidential investigation, with the Savills plc Audit Committee ultimately responsible for decisions on Code breaches and receiving periodic reports on investigations and disciplinary actions.
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Kind to Animals
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Savills actively engages in wildlife conservation and habitat restoration. The company supports rewilding projects, such as the Somerleyton Estate, transforming 5,000 acres from conventional farming to conservation-focused landscapes.
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The project promotes biodiversity and wildlife conservation with grazing animals.
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Savills also marketed 2,685 hectares of FSC-certified sustainable forest, contributing to biodiversity conservation.
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In urban areas, Savills promoted biodiversity through initiatives like London’s first Heritage Forest, featuring 630 trees and shrubs and 55 types of wildflowers.
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In 2024, 146 colleagues participated in volunteering activities at local Wildlife Trusts reserves.
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Savills partnered with an environmentally-focused charity for biodiversity.
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Additionally, Savills sponsored the Elephant Family’s CoExistence exhibition to raise awareness for human-wildlife coexistence and protection of Asia’s wildlife.
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No War, No Weapons
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The company reported no substantiated breaches of its Code of Business Conduct and Ethics during 2024, indicating 100% compliance with its defined ethical standards.
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Savills has a seven-year contract with the UK Ministry of Defence (MOD) as a Strategic Property Advisor, assisting with the Defence Estate Optimisation Portfolio, which involves advising on strategy, planning, and disposal of surplus military assets and supporting military infrastructure projects.
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The company also represented the Institute for Defense Analyses (IDA) in a development site sale.
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Savills states that 0% of its revenues come from the manufacture or selling of controversial weapons.
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The firm has signed the Armed Forces Covenant
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and received the Silver Level Armed Forces Covenant from the MOD, reflecting its commitment to supporting veterans and reservists.
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Planet-Friendly Business
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Savills has near-term decarbonisation targets validated by the Science-Based Targets Initiative (SBTi) in February 2024, consistent with a 1.5°C temperature increase pathway.
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Progress against these targets has been disclosed. In 2024, 48% of the company's operational energy was sourced from renewables.
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A formal TCFD report is included in Savills' 2024 Annual Report, with climate-related risks and opportunities integrated into current decision-making and strategy formulation.
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Climate scenario analysis has been undertaken against 1.5°C and 4°C temperature rises, using short, medium, and long-term horizons (2030, 2040, 2050).
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Savills Investment Management also performs asset screening using RCPs 2.6, 4.5, and 8.5, with strategic planning explicitly linked to these scenarios.
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Transition risk screening is performed using the Carbon Risk Real Estate Monitor (CRREM) against decarbonisation targets for 1.5°C and 2°C global warming targets.
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Respect for Cultures & Communities
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Savills actively supports cultural heritage preservation, demonstrated by its sponsorship of the Georgian Group Architectural Awards in November 2023 for the restoration of Georgian buildings and landscapes
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. No incidents disrupting cultural or heritage sites have been reported. The company has engaged in at least three formal partnerships with local community groups, including a collaboration with the Pentland Land Managers Association in Scotland
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, and partnerships with local charities and community groups
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. No cultural appropriation incidents have been reported, and no cultural incidents requiring a response framework have been reported.
Safe & Smart Tech
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The provided articles discuss Savills' exploration and analysis of AI's impact on the real estate sector, emphasizing the need for strong security measures, privacy protection, and ethical AI governance within the industry.
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However, the articles do not provide specific, measurable data points regarding Savills' internal practices, investments, or performance related to data breaches, cybersecurity investment, privacy certifications, security training, encryption, AI audits, algorithmic transparency, unauthorized data use, user data control, authentication security, vulnerability management, bug bounty programs, privacy by design, security testing, data minimization, regulatory compliance, algorithmic harm remediation, or digital rights advocacy within the company itself. Therefore, no KPIs can be scored based on the evidence provided.
Zero Waste & Sustainable Products
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Savills actively promotes and advocates for circular economy principles and regenerative design within the real estate industry, emphasizing building adaptability, resource reuse, and embedding circular solutions into design and construction phases
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. This includes discussing the shift from a 'take-make-use-discard' to a 'remake-reuse' approach
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. The company also educates its clients and the broader industry on sustainable waste management, highlighting the importance of efficient design and off-site methods to minimize waste and achieve 'zero waste' in real estate projects
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. In March 2023, Savills Singapore launched an Energy & Sustainability Management department to provide solutions for clients seeking green properties
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.