Before any new property is built or an existing one refurbished, we focus our expertise and experience on adhering to the highest standards of environmental sustainability, as well as creating a space that has the flexibility to meet the changing needs of customers.
At the moment, there isn't a premium paid by occupiers for having a 'green' building. The challenge for us is to consider the full life of all our buildings and provide solutions that don't impact the affordability of property.
Every year, we aim to drive performance improvements by operating equipment at optimum levels and by reducing waste. But to meet ever-tougher targets, we need to work closely with our occupiers, helping them to reduce their own environmental impacts. Due to their number, our older offices present us with the best opportunity to make a difference.
"In any one year, no more than 2% of the national stock is likely to be renewed – leaving 98% existing, mainly energy-inefficient buildings... targets for carbon emission reductions will therefore not be met unless progress is made on the existing building stock."
Francis Salway, Chief Executive, Land Securities
Many of our occupiers don't have the environmental expertise to get the best from their building – but we do. We share our knowledge with our tenants, by:
For every project and property we manage, we also develop site-specific Environmental Compliance Registers, which form the basis of an ongoing audit programme, and all our residential schemes are designed to meet the Level 3 rating of the Code for Sustainable Homes. This is a six-level accreditation system for domestic property, similar to the BREEAM system for commercial buildings. Level 3 will ensure responsibly sourced materials, good levels of insulation and daylight, and energy-efficient plant and equipment.
Although we hope we set new standards for building sustainability into the fabric of our developments, it is always reassuring when they receive recognition for their environmental credentials from outside the business.
For example, Cabot Circus – developed through the Bristol Alliance, our joint venture with Hammerson – was named the Overall Green Development of the Year 2009 at the Estates Gazette Green Awards and in New Street Square, a vibrant mix of office space, shops and restaurants in the City of London, we addressed environmental considerations in the demolition and construction stages. We were also applauded by occupiers for the installation of a green wall, public art and other environment-enhancing initiatives, and our efforts were rewarded with the 2009 New City Architecture Award and a commendation in the 'Major Project of the Year' category at the 2009 Building and Construction Industry Awards.
Did you know... that our 2009 corporate Environment Day at Kew Gardens drew more than 170 clients, contractors, suppliers, employees and other stakeholders, and looked at the impact of sustainability on property design and management? Supporting events were also staged in our shopping centres, giving us the opportunity to share the sustainability message with the public.