Operator: Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Marqeta s Fourth Quarter 2022 Earnings Conference Call. As a reminder, this conference call is being recorded.
Message
The UK government has implemented a legally binding commitment to achieve net-carbon zero by 2050, meaning that new-build homes must be ‘
zero carbon ready’ by no later than 2025. These legal obligations are arising in the form of new rules, regulations and best practices which affect many sectors of property.
With 40% of all UK emissions originating from households, further regulations and policies surrounding the environmental performance of property is virtually inevitable. Ultimately, by 2025, new homes will have carbon dioxide emissions 75-80% lower than those built to current building regulations. Whilst this is a huge target to reach, a collaboration between all areas of the housing industry will make this goal a reality.