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Hyprop’s carbon disclosure
Total carbon emissions (tonnes of carbon dioxide equivalents, CO
2
e) – calculated
2015
2014
Total carbon emissions include the following mix:
Scope 1*
3 260
6 571
Scope 2*
31 925
35 738
Scope 3*
261 585
250 370
Average volume of carbon emissions (scope 1 and 2) per person hour worked (tonnes CO
2
e/HW)
0,085
0,092
* Scope 1 emissions: all direct GHG emissions.
Scope 2 emissions: indirect GHG emissions from consuming purchased electricity, heat or steam, scope 3 covers other indirect emissions, which for
Hyprop is calculated as kWh purchased from the supply authority and resold to tenants.
Scope 3 emissions: includes the increase in scope 3 emissions that is tenant-driven. All our sites have bulk meters that measure total kWh consumed,
Each tenant has a sub-meter that registers direct electrical consumption. Where tenants have dedicated AC units, 100% of electrical consumption is
recovered. Where they share an AC system, they pay a pro rata share of the total area served by the unit.
Carbon tax
This proposed tax is based on carbon emissions, with organisations taxed on their emissions as measured in carbon dioxide (CO
2
). The tax is expected
to be phased in from 2016 and is being implemented to help South Africa reduce its carbon footprint. The mooted figure is R120/tonne of CO
2
. This is
currently envisaged as an additional surcharge on each kWh consumed and equates to 12 cents per kWh.
Based on our current submission to CDP, Hyprop has a potential tax liability of R3,8 million, with a liability of R31,4 million for our tenants.
Water
We are investigating all feasible opportunities to reduce water consumption while improving our measurement and monitoring standards. This includes
installing water-efficient equipment.
At existing properties, we rely on close co-operation with tenants and customers to reduce water consumption. At new developments and during
renovations and upgrades, efficiency is a determining factor in choosing technical equipment (toilets, taps, sprinkler systems and cooling systems).
Bulk water consumption is monitored daily at centres to identify unusual consumption patterns that might indicate leaks.
Water measures
2015
2014 % change
Total water consumption (kilolitres (k
ℓ
))
1 123 687
1 255 043
(10,4)
Average volume of water consumed per person hour worked (
ℓ
/HW)
2 664
2 976
(10,4)
Target for water consumption, or reduction, against a specific denominator (
ℓ
/HW)
2 618
Target
not set
Retail: k
ℓ
per occupied space (m
2
)
1,7
1,7
0
Office: k
ℓ
per occupied space (m
2
)
0,32
0,26
2,3
Total: k
ℓ
per occupied space (m
2
)
1,6
1,6
Water intensity
2015
2014 2013 baseline
Water use intensity (k
ℓ
per occupied space (m
2
))
1,5
1,4
1,9
Waste
Our waste management approach is designed to maximise recycling, minimise disposal to landfill and comply with legislation. Tenants are regularly
informed about on-site waste management systems, and Canal Walk and Clearwater Mall have public recycling stations. Suitable waste segregation
facilities are in place at all centres.
For development projects, we adhere to all applicable regulations and consider best practice in optimising the environmental quality of our
construction sites. Waste generated by construction is disposed of in line with responsible management plans.
In 2015, Hyprop recycled 75% of total waste, up from 67% in 2014. While higher in percentage terms, lower group volumes reflect greater individual
recycling efforts from our tenants.
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Hyprop Investments Limited
Integrated Report 2015