66 / 148
64
Hyprop Investments Limited
Integrated annual report and consolidated financial statements
2017
Natural capital:
Environmental impact
(1)
Highlights
■■
79% of waste recycled
■■
Cost savings of R9,5 million due to implementation of LED lighting
in common areas
■■
Fourth submission to CDP on carbon emissions
■■
Fourth participation in GRESB.
Although our business has a low environmental impact, we aim to reduce
this where possible in daily operations. Management regularly monitors
the execution, reporting and review of our environmental policy,
culminating in an annual review by the social and ethics committee.
After identifying the most relevant environmental impacts of our
operations – water, energy and waste – we introduced an environmental
strategy in 2014 (see below). This strategy explains how our approach is
informed by best practice, proven methods, ease of implementation, and
the benefit and cost of retrofitting green-design principles to existing
buildings. Identified opportunities include lower operating costs, reduced
liability and risk of higher utility costs.
Our environmental strategy illustrates how Hyprop mitigates related
impacts where possible and proactively manages natural resources.
LOOKING FORWARD
■■
Energy
(electrical) consumption: average
1% pa reduction across portfolio
■■
Water consumption:
4,5% reduction
by 2016
■■
Recycling:
5,9% improvement across
portfolio (baseline 60%)
■■
Carbon emissions:
in line with reductions
in electricity consumption
(July 2016 to June 2017)
■■
Electricity:
5,5% estimated reduction
in 2017
■■
Water:
1,0% estimated reduction in
2017
■■
Recycling:
79% estimated in 2017 (78%
in 2016)
■■
Scope 2 carbon emissions:
5,8%
estimated reduction in 2017
Electrical
■■
Four energy-efficient LED projects planned,
subject to budget approval
■■
Three photovoltaic projects identified for
implementation in 2017 and 2018
Water
■■
Seven sites already have bulk smart meters
■■
Two sites will not get smart meters due to
proposed sales, another two deferred as
not critical
Recycling
■■
Approaching optimal economic viability
(going beyond this will increase percentage
of recycling but be unduly expensive)
■■
Carbon: scope 2 (landlord emissions) will
decrease as energy-efficient projects are
implemented
■■
Ongoing monitoring and training at each
property on applying best practice in
managing energy, water and waste
■■
Ongoing engagement with large national
users of energy and water, and generators
of waste material
■■
Consider green-building principles where
possible
■■
Develop five-year plan for optimising our
water resource (cost savings, reduce waste,
water harvesting).
■■
Consider best practice in energy, water
reduction, waste management and
carbon emissions
■■
Consider green-building principles
■■
Manage biodiversity impacts through
responsible processes and considering
best practice
■■
Enhance stakeholder engagement by
exploring collaborative opportunities
with large users
■■
Embed culture of environmental
responsibility across the group
■■
Undertake annual environment-
specific risk assessments
■■
Explore how innovation and
technology can support
competitiveness
■■
At Atterbury Value Mart and Hyde
Park Corner, air-conditioning (AC)
systems replaced with air-cooled
condensers instead of water-cooled
units
■■
LED lighting installed in common
areas across the portfolio
■■
Only energy-efficient AC systems
considered on replacement
■■
High-reflective roof paint used at
Woodlands Boulevard, and Atterbury
Value Mart
■■
All tenant installations must comply
with new SANS energy-efficiency
regulations
■■
Human resources department rolling
out Green Building Council training
for centre and operations managers
Hyprop environmental strategy – primary targets (baseline June 2013)
TARGET
ACHIEVED
(1)
South African portfolio plus Ikeja City Mall in Lagos, Nigeria