Hammerson Corporate Responsibility Performance and Strategy Louise Ellison, Head of Sustainability 28 th May 2015
Agenda Current Introduction Key areas of performance New 5-year to focus for against targets Hammerson 2015 targets 2
Our vision is to be the best owner-manager and developer of retail property within Europe Creating high quality Maximising Enhancing retail destinations income generation capital strength 3
Our assets £7.7 billion property portfolio 22 shopping centres 21 retail parks Investment in 15 outlet centres 2.2 million m 2 retail space 250 million annual visitors 4
Where does sustainability support this? Corporate Asset Management Development Responsibility • Regulation • Development • GHG Emissions control • EPCs • GRESB • Minimum • CRC • REEB standards • ESOS • EPRA • Community • Grenelle II • Global Reporting consultation and Initiative • Cost savings relevance • FTSE4GD • Risk • Resilience management • DJSI • Reputation 5
The key headlines from 2014 2014 Achievements • 20% Reduction in carbon emissions across the like for like portfolio since 2010 • 6% year-on-year reduction in electricity consumption across the UK Shopping Centre portfolio • £400,000+ saved through energy efficiencies • 75% recycling rate achieved across the UK Shopping Centre portfolio • £2m+ saved in landfill tax for our retail customers through diversion of waste 221t • 142 of our suppliers have now completed our CO2e Supply Chain Survey /£1m • GHG intensity reduced from 221 to 180 mtCO2/£m Adjusted Profit before Tax 6
The key headlines from 2014 2014 Achievements • 1,673 Green leases in place – 63% of leases on our French assets are green leases • Big Positive Weekend sustainability road show • The first prop co to utilise our centres as a platform for engagement with consumers on sustainability • Zero carbon retail park pod with Costa • B&Q Eco Store delivered at Merthyr 7
CR Targets and 2014 Results Measure Target end date 2014 Performance Reduce carbon emissions from 2010 by 20% 2015 -20% 45% of suppliers by value to be engaged (questionnaire(£/100k) 2015 87% Complete full life cycle assessment for 2 assets 2011 2 Completed Completed 6 research papers, including 2 with a partner (eg 2012 6 Completed university, NGO, etc) Increase waste recycling to 75% 2013 75% UK, 41% France Community plans for all developments and managed assets 2014 41 Biodiversity action plans at all retail assets 2015 34 UK, 5 France All employees to complete CR training On-going 51% trained -29% France, +34% Reduce water consumption from 2010 by 12% 2015 UK, -26% global Engage with top 20 investors 2013 10 engaged 100% of top 75 customers engaged 2013 28% (surveys/meetings/presentations) ) 75% of community activity to be long term community investment 2014 35% 8
Updating our sustainability strategy Challenging the status quo and trialing new Innovate & approaches and solutions to support the Challenge transition to a more sustainable business model Protecting and enhancing our natural Protect & environment by minimising resource Enhance consumption and delivering restorative projects Delivering social value to the Serve & communities we serve, measured in jobs, Invest skills, civic pride and investment Taking a stakeholder led approach to create Partner & collaborative projects and evolve from client to Collaborate partner Upskill & Investing in our people, as well as recognising and rewarding those that deliver change Inspire 9
2015 – 2020 Targets Protect & Enhance • Reduce carbon emissions intensity of the business by 20% • Reduce operational energy use by 10% by 2018 across the like for like shopping centre and retail parks portfolio • Build 2 mW renewable capacity into our existing assets and new developments by 2020 10
2015 – 2020 Targets Protect & Enhance • Achieve 100% diversion of operational and construction waste from landfill in the UK by 2020 • Achieve 98% diversion of operational and construction waste from landfill in France by 2025 • Reduce landlord water intensity by 10% by 2020 against a 2015 baseline for like for like shopping centre portfolio • Meet 100% of irrigation demands and 25% of flushing demand from non-potable water for all new developments and major extensions entering planning and design after 1st Jan 2015 11
2015 – 2020 Targets Serve & Invest • Community design workshops to be held for all UK shopping centre developments and major extensions by the end of RIBA Stage 2 from 1st January 2015 • Extend our place-making impact assessment across the UK portfolio by 2017 Partner & Collaborate • Deliver a centre-based retailer engagement activity across all UK and French shopping centres by 2017 • Review and update the Supply Chain Survey in 2016 Upskill and Inspire • Ensure that 100% of Hammerson employees who have been employed for 12 months or more have received sustainability training by 2017 12
Priorities for 2015 • Managing energy consumption • Lighting projects • Waste management • Zero to landfill in Scotland • Embedding innovation in developments • Sustainable Development Framework • Supplier engagement • Supply chain survey review • Implementing updated strategy and new 5-year targets 13
Questions? 14
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