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+44 (0)207 932 8000

info@capreg.com

Partners
Retailers
Snozone
Empowering Community Growth

Our purpose is to invest in, manage and enhance retail property by creating dynamic environments tailored to the local communities.

With rising investor requirements and evidence connecting ESG performance with resilience and financial returns, managing our ESG risks and opportunities has become an integral part of our business strategy and how we can continue to create value for our stakeholders.

Our strategy reflects three key pillars: minimising the negative impact of our assets on the environment, providing a superior experience to our people and responding to the unique needs of our local communities.

ESG Report 2023
£0
Invested in three new blast cooler units
0
Zero waste to landfill achieved in shopping centres since 2018.
£0
Raised for Snozone’s charity partner SENSE
0
Community events hosted in our centres
0%
Reduction in Snozone’s water use compared to the 2019 baseline year
0
Trees planted by Snozone with Tree-Nation
0
Free ski lessons for women and girls
£0
Raised for mental health services

Check out our ESG highlights and see what difference we are making.

9 %

Reduction in scope 1 & 2 emissions since 2019

Zero

Waste to landfill achieved in shopping centres since 2018

571

CO2 offset to date

EPC B

Achieved for The Mall Maidstone and The Mall Wood Green


Initiatives and benchmarks

‘With sustainability at the heart of our business, we have been working hard to continue to find ways to integrate ESG into all aspects of our operations.

The positive steps we take now, will make huge impacts on the communities that we serve for generations to come’.

Sara JenningsDirector of Operations & Guest Experience
brand-message

Our overall strategy is based on three key pillars, Environment, People and Community.

Each key pillar is guided by five intentions, and for 2024 and beyond we are integrating the IMM framework (Social Impact Measurement and Management). The aim is to revitalise retail and leisure areas, prioritising tailored services that cater to the requirements of tenants and local communities.

Curate thriving destinations that meet local needs

Form quality partnerships to maximise impact

Provide meaningful community & charity support

Act as a responsible & inclusive landlord & business

Make a positive contribution to the natural capital and low carbon agendas

sustainability-illustration

We executed operational excellence, due to the
hard work of on-site teams, implemented energy efficiencies and our net zero carbon pathway activities.

buying-smoothie
7
%
Reduction in energy consumption vs. 2019
shopping-centre
Zero
Waste to landfill achieved in shopping centres since 2018
17&central
11
%
Reduction in Scope 1 & 2 emissions since 2019
leadership-team
£
216
k
Invested by Snozone for carbon reduction initiatives

Check out our key highlights and see what difference we are making.

At C&R, managing the environmental impact of our owned and leased assets through the property lifecycle, from refurbishment to operation, means we can embed resilience against our ESG risks, realise opportunities associated with environmental improvements and ensure better places for all to enjoy.

510
Net zero by 2040 target set by shopping centres and Snozone
5%
Reduction in Snozone’s water use compared to 2019
£11549
Raised through C&R Cares
Zero
Zero waste to landfill achieved in shopping centres since 2018
73
Charities and community groups supported
116hrs
Of volunteering

2040 Net Zero Roadmap

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Embodied
Carbon

  • alt Define and introduce sustainable refurbishment guidelines for major and minor refurbishments
  • alt Conduct whole-life carbon and climate risk assessments for all refurbishment and fit outs

2022 Progress

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Reduced scope 1 & 2 emissions by 35% since 2019

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100% of assets equipped with LED lamping, excluding Gyle

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Operational
Carbon

  • alt Implement occupier engagement strategy and scale up the use of green lease clauses
  • alt Improve data accuracy and coverage
  • alt Embed net zero criteria into the preacquisition process
  • alt Integrate findings of asset level audits into existing multi-year carbon reduction plans for each asset, and extend plans to incorporate asset-level climate risk information
  • alt Complete LED lighting upgrades in Gyle
  • alt Continued investment in new plant and equipment
  • alt Achieve 80% reduction in operational carbon (scope 1 & 2) by 2036
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Onsite
Generation

  • alt Onsite renewable energy strategy in development
  • alt Solar PV installation

2023 Progress

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PV feasibility study conducted on select shopping centres

2023 Progress

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100% electricity consumption from renewable sources

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Renewable
energy
procurement

  • alt Work with occupiers to increase high-quality renewable energy procurement
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Offsetting

  • alt Develop a carbon offsetting strategy
  • alt Plant a further 9,000 trees in partnership with Tree-Nation by the end of 2023

2023 Progress

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23,681 trees planted by Snozone since 2021, reforesting 24 hectares

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2,282 CO2 offset to date

You can find out more about our policies by accessing some more content below.

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