The Environment
The Group's strategy is to adopt a proactive approach to tackling our impact on the environment.
For many years we have worked hard to reduce our impact on the environment in the three key areas of waste, water and energy.
In addition, we continue the focus on reducing the carbon footprint of our properties. We have long recognised that any development activity should mirror this and have proactively ensured we minimise energy consumption and mitigate the effects of climate change throughout the design, refurbishment or building phase.
2012 Performance
| 2012 objectives | 2012 performance | KPIs |
|---|---|---|
|
To continue to reduce our environmental impact through the use of five year carbon plans; operational improvements; low carbon retrofit and plant replacement |
Energy
Over a four year period from 2008 to
Water
Waste 61% was recycled for re-use, 17% was used as energy and 9% to anaerobic digestion also used as energy or compost. |
5% reduction in energy. 5% reduction in water use. 90% diverted from landfill. 85% waste recycled. |
|
Meet all carbon reduction commitment regulations to retain the Carbon Trust Standard in 2012 and reduce carbon impact by 4% across the Group.
|
The Group in 2012 achieved an 8% reduction in carbon on a like for like basis. This follows a 2011 saving of 6%.
The Carbon Trust Standard is due for renewal in April 2013, this will be the fifth The Mall Fund and Capital and Regional were participants in 2012 in the Carbon Reduction Commitment (CRC) and are fully compliant. |
4% reduction in carbon across the Group. Retain Carbon Trust Standard. |
|
Install automatic meter readers (AMR) for all electrical supplies to accurately bill, monitor and target energy usage at The Junction retail park sites. |
AMR for The Junction was 90% completed prior to sale of the properties in October 2012.
|
100% The Junction retail parks with AMR installed. |
Other Environmental highlights during 2012
Global Real Estate Sustainability Benchmark (GRESB) The Mall Fund retained Green Start Rating and rated 22nd globally for sustainability management and implementation.
2013 Objectives
Our 2013 objectives and KPI targets are:
-
Continue to reduce our environmental impact through operational improvements, consider further challenges and opportunities and focus further on low carbon retrofit projects.
KPIs: Reduce Energy Consumption by 4.5%; Reduce Water Consumption by 2%. -
Continue to improve our waste handling and management.
KPIs: Recycle 65% of our waste material for re-use; Maintain 15% of our waste to energy reuse and 95% of all waste diverted from landfill. -
Meet all carbon reduction commitment regulations.
KPIs: Retain The Carbon Trust Standard -
Ensure readiness for mandatory GHG reporting in 2014.
KPIs: Data fully prepared.
