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NATURAL CAPITAL: ENVIRONMENT IMPACT
Highlights
Q
Cost savings of R15,9 million
Q
75,5% of waste recycled
Q
Second submission to CDP on carbon emissions
Q
Second participation in GRESB
Given the nature of our business, Hyprop has a low environmental
footprint. Despite this, reducing our environmental impact remains
integral to our commitment to continuously improve our operations.
The execution, reporting and review of our environmental policy are
regularly monitored by the social and ethics committee.
After identifying the most relevant environmental impacts of our
operations – specifically water, energy and waste – we introduced our
green design and environmental strategy three years ago. Our approach
is informed by best practice, proven methods, ease of implementation,
and the benefit and cost of retrofitting green design to existing
buildings. Identified opportunities include lower operating costs,
reduced liability and risk of higher utility costs.
This strategy is dynamic and continually reviewed against best practice
and new developments. We focus on practical implementation within
the parameters of a cost/benefit analysis and feasibility of retrofitting
green technologies.
As a member of the Green Building Council of South Africa, Hyprop
supports the council’s vision and mission.
International benchmarking
For the second year, Hyprop voluntarily participated in two global
benchmarking programmes, illustrating our commitment to ensuring
that best practice is embedded throughout our group, for the benefit
of all stakeholders:
Q
CDP is acknowledged as the international benchmark for
environmental reporting. This is an international non-profit
organisation providing the only global system for companies and
cities to measure, disclose, manage and share vital environmental
information in building sustainable economies (see page 55
determining our carbon disclosure)
Q
GRESB is an industry-driven organisation that assesses the
sustainability performance of real estate portfolios (public, private
and direct) around the globe. It is used by institutional investors to
improve the sustainability performance of their investment
portfolio, and the global property sector.
Fines
Hyprop incurred no fines for non-compliance with environmental laws
and regulations during the year.
TARGET
Q
Energy (electrical) consumption – 1% reduction on
average per annum across the portfolio
Q
Water consumption – 4,5% intensity reduction by 2016.
2014 target 1,5% reduction
Q
Recycling – 5,9% improvement across the portfolio
Q
Carbon emissions – in line with electricity consumption
reductions
ACHIEVEMENTS
Q
Electricity: 2,0% reduction in 2015
Q
Water: 12,2% reduction in 2015
Head office
(Rosebank)
Primary targets
(baseline June
2013)
Head office
(Rosebank)
S condary
targets
ENVIRONMENTAL STRATEGY
A comprehensive external analysis of our environmental, social and governance strategy in 2014 confirmed
the value of initiatives under way and highlighted areas for improvement. This summary of our environmental
strategy provides a fuller understanding of how Hyprop is mitigating environmental impacts where possible and
proactively managing environmental resources.
TARGET
Q
Consider best practice in energy, water reduction,
waste management and carbon emissions
Q
Consider green building principles
Q
Manage biodiversity impacts through responsible
management by considering best practice
Q
Enhance stakeholder engagement by engaging large
users and exploring collaborative opportunities
Q
Ensure compliance with environmental legislation
Q
Embed culture of environmental responsibility across
the group
Q
Undertake annual environment-specific risk
assessments
Q
Explore how innovation and technology can support
competitiveness
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Hyprop Investments Limited
Integrated Report 2015
SOCIAL AND ETHICS REVIEW