Designing and delivering buildings responsibly
Setting high standards in terms of sustainability and design is important to us. Our experience shows that by having high standards our buildings and spaces attract occupiers more easily and achieve better terms. As part of these high standards we are keen to ensure that all our new developments and refurbishments capture the principles of designing for a long life, loose fit-out, flexible occupation, and efficient operation.
A key document that helps us articulate our standards during the design and delivery of our developments is our Sustainability Framework for Development. Within this document is a clear breakdown of what we expect at each project stage and, more recently, we have bolstered this to reflect the adoption of our science-based carbon targets, most notably with the introduction of our carbon map. The map sets out a range of scenarios to be explored during the design process and is designed to enable us to find the most appropriate path to creating a low-carbon, energy efficient building linked to our carbon target reduction trajectory out to 2030 and beyond.
Managing our assets responsibly
Just like our new developments, setting high standards in terms of sustainability in the management and maintenance of our assets is important to our business as we often retain and manage most of what we develop. A key aim of our management approach is to ensure our buildings are as energy/ carbon efficient as possible.
The principal method to help us ensure our buildings are operated efficiently is our Sustainability Framework for Assets. The framework requires each managed property to have a Building Sustainability Plan (BSP) in place, which covers a range of issues with energy/carbon forming a key part. Within this the carbon footprint of the building is tracked monthly with performance compared against a bespoke baseline to drive improvement. During 2018 we saw a 5% reduction in carbon emissions from our like-for-like portfolio and a subsequent 20% reduction in our like-for-like carbon intensity, which shows the good progress we are making.
Linked to this performance monitoring, our BSPs also serve an important role in the tracking and implementation of our science-based carbon targets. Over the coming pages we will look at the scenario-analysis tool we developed to help us understand how different energy conservation measures affect our managed properties in terms of their energy/carbon performance and, in turn, how that will support us in reducing our carbon footprint appropriately by 2027 and beyond.
Engaging our occupiers is a key part of our approach to sustainability. In many of our multi-occupier buildings we run a ‘Green Forum’ designed to actively involve our occupiers in the efficient running of the building whilst also sharing best practice to enable them to operate more efficiently themselves. In addition, we also produce regular editions of our sustainability newsletter ‘Sustainable’ throughout the year, which provides summaries of some of our initiatives and those which we think would be of benefit to our tenants – likewise sharing the stories and activities of our tenants as well.