Capital & Regional is committed to operating the business in a manner that accounts for the environmental impact created by our day to day operations. Our aim is to increase our team’s awareness of environmental issues together with our customers and the community we serve in order to reduce energy usage, carbon emissions, and waste and water consumption. Minimising the environmental impact is at the forefront when planning a major refurbishment at one of our shopping centres.
Highlights from 2016
- Retained Global Real Estate Benchmark (GRESB) Green Star Status and achieved a 4 star rating
- Reduced CO2 emissions by 4.9% (Centres 7.1%, Snozone 1.9%) and water consumption by 6%
- Awarded the Best in Carbon Management Award in October 2016
- Diverted 96% of waste from landfill and 85% recycled back to the supply chain
- Enviromall campaign focused on encouraging customers to use recycling/waste bins more frequently
Priorities for 2017
- Reduce CO2 by 5%
- Reduce our water consumption by 1%
- Retain GRESB Green star rating
- Make use of the new environmental data platform to improve ongoing reporting and monitoring
EnviroMall is the first partnership accreditation scheme developed specifically for shopping centres to monitor and reduce environmental impact.
2016 EPRA Performance Reporting
|Scope 1&2 Mandatory Reporting*||2016||2015**|
Scope 1 tCO2e
Scope 2 tCO2e
|Scope 1 & 2 kgCO2e/sqft||2.39||3.05|
Scope 1: Direct GHG emissions from controlled operations (natural gas consumption)
Scope 2: Indirect GHG emissions from the use of purchased electricity, heat or steam (electricity consumption)
**2015 figures have been restated where material changes were subsequently identified.
We have followed the Greenhouse Gas Protocol for reporting CO2 emissions for the 2016 calendar year. The reporting boundary has been defined using the operational control approach, reporting emissions for operations in which Capital and Regional have control. It does not account for GHG emissions from operations in which it owns an interest but has no operational control. Energy use from metered sources identified as fully controlled by third parties (e.g. tenants) have also been excluded. Scope 1 emissions accounts for total gas consumption of Capital and Regional. Emissions from emergency equipment (e.g. standby generators) have been deemed deminimis and therefore are not included in the reported figures. Scope 2 emissions account for the total electricity purchased by Capital & Regional. Actual invoice data has been used for reporting wherever possible, however some estimates data has been used where required. It should be noted that the Scope 1 and Scope 2 reporting figures are absolute values. Due to the sale of The Mall, Camberley and acquisition of The Marlowes, Hemel Hempstead during 2016 the 2015 and 2016 figures are not directly comparable. The information in this report represents the best information available at the time of issue.