Melissa Schulz, Vicinity Centres
Vicinity Centres Green Star Performance Creating shared value through our sustainability strategy
May 2017
Vicinity Centres Sustainability Strategy
An integrated sustainability strategy focused on creating shared value Our Sustainability Strategy aims to create value more broadly for Vicinity and our stakeholders in partnership with our business drivers. Key achievements
Our commitments
2
Green Star Performance story
Using Green Star Performance as a benchmark
•
Rated 100% of our managed portfolio – 91 assets
•
Represented the largest portfolio rated at time of rating in number of assets, and total floorspace
•
Key focus areas – Energy, Waste, Indoor Air Quality, Water, Management
3 Stars target 2 Stars Current rating June 2016
Achieved 2 Star average across portfolio
Resubmission May 2017
Applying for additional credits during resubmission to achieve 3 Stars and to include new assets
Recertification May 2019
Recertification at end of 3 year cycle
Innovation credits
Strategic initiatives demonstrating leadership and innovation
Climate Resilience Program • Awarded Innovation Challenge for our Climate Resilience program
Community Investment Program • Our annual London Benchmarking Group’s (LBG) submission was awarded an innovation challenge for social return on investment (SROI) • LBG is an internationally recognised reporting framework for capturing and measuring community investment 4
Green Star Performance flow on effects Enabling stakeholder engagement
Retailers Enabling our retailers – our Green Star Performance ratings have given our retailers looking to obtain Green Star Interiors ratings an additional two points towards their own ratings
Suppliers Engaging with our contractors – Discussions with our contractors through the GSP rating process has driven collaboration with our suppliers, allowing us to implement best practice initiatives in partnership
Internal business units Assisting with Development project Green Star submissions – The GSP rating provides a performance baseline against which Development projects can demonstrate measurable improvements.
Engaging with Operations teams - GSP has showcased best practice programs and has provided a framework through which they can identify and implement best practice programs across the portfolio
5
May 2017
Vicinity Centres Sustainability Strategy
An integrated sustainability strategy focused on creating shared value Our Sustainability Strategy aims to create value more broadly for Vicinity and our stakeholders in partnership with our business drivers. Key achievements
Our commitments
2
Green Star Performance story
Using Green Star Performance as a benchmark
•
Rated 100% of our managed portfolio – 91 assets
•
Represented the largest portfolio rated at time of rating in number of assets, and total floorspace
•
Key focus areas – Energy, Waste, Indoor Air Quality, Water, Management
3 Stars target 2 Stars Current rating June 2016
Achieved 2 Star average across portfolio
Resubmission May 2017
Applying for additional credits during resubmission to achieve 3 Stars and to include new assets
Recertification May 2019
Recertification at end of 3 year cycle
Innovation credits
Strategic initiatives demonstrating leadership and innovation
Climate Resilience Program • Awarded Innovation Challenge for our Climate Resilience program
Community Investment Program • Our annual London Benchmarking Group’s (LBG) submission was awarded an innovation challenge for social return on investment (SROI) • LBG is an internationally recognised reporting framework for capturing and measuring community investment 4
Green Star Performance flow on effects Enabling stakeholder engagement
Retailers Enabling our retailers – our Green Star Performance ratings have given our retailers looking to obtain Green Star Interiors ratings an additional two points towards their own ratings
Suppliers Engaging with our contractors – Discussions with our contractors through the GSP rating process has driven collaboration with our suppliers, allowing us to implement best practice initiatives in partnership
Internal business units Assisting with Development project Green Star submissions – The GSP rating provides a performance baseline against which Development projects can demonstrate measurable improvements.
Engaging with Operations teams - GSP has showcased best practice programs and has provided a framework through which they can identify and implement best practice programs across the portfolio
5
