Sustainability presentation by Land Securities

1. Environmental Management and
Sustainability in the UK Property
Sector
Dave Farebrother
Environmental Director, Land
Securities

2. Land Securities : What We Do
• Development
– Fund and develop new:
• Shopping centres
• Retail parks
• London offices
• Residential-led regeneration
• Land Securities is the client: we appoint and manage a
design team and a main contractor to deliver the scheme
• Operation
– We manage multi occupancy buildings, leased to tenants
• Maintenance
• Cleaning
• Heating & air-con
• Security
• Costs recovered through the service charge

3. Role of LS Environment Manager
• Implementing Corporate Environmental Strategy
across the business units
• Communicating to all stakeholders; media,
internal training
• Maintaining ISO 14001 certification – continuous
improvement
• Driving new initiatives
• Internal auditing
• Internal & Corporate Public Reporting
• Being the ‘green’ face of the organisation

4. Areas of environmental risk
• Legal compliance, prosecution
• Land contamination
• Pollution of controlled waters
• Release of noxious fumes
• Nuisance,noise,vibration
• In our business anything with an immediate risk
of causing harm to humans is covered under our
Health & Safety procedures

5. Areas of business risk
• Failure to gain planning consents
• Potential tenants want greener buildings
• ‘Outperformed’ by our peers
• Loss of reputation

6. LS & Sustainability
• We set ambitious targets for new
developments
– 15% better than Part L in terms of CO2
– Very Good BREEAM with aspiration for Excellent
– 20% recycled content
– FSC (Forest Stewardship Council) Project
Certification
– 10% waste to landfill
– Measure embodied carbon

7. And for the managed portfolio
• 30% reduction in CO2 emissions by 2020
• 10% reduction in water usage by 2016
• Zero-waste to landfill
• Active engagements with our tenants
• …win awards

8. Our Challenges
• Landlord-tenant split incentives
• Tenant engagement
• Sustainability increased ≠ increased value
• Sustainability increased ≠ increased rent
• Legislation & lack of certainty
• EPRA (European Public Real Estate
Association) reporting guidelines

9. Looking Ahead, legislation &
regulations
• Carbon Reduction Commitment
• Green Deal
• Ban on leasing F&G rated premises
• Mandatory reporting
• Zero-carbon buildings
• Citiworks ruling
• EPBD (Energy Performance of Buildings Directive) 2
• Building regulations – 25%
• Merton Rule
• Planning consents
– BREEAM, Code, Renewables, District Energy

10. What are we doing
• Voluntary commitment to DECs (Display Energy
Certificates)
• Ultra low Carbon buildings
• Planet Positive
• EPC (Energy Performance Certificates) -ratings
breakdown
• Green-Deal working group
• Carbon Management Association
• Environment Conference

11. Shopping Centres sending less waste
to landfill
• Exceeded 2009/10 target of 55% recovery-achieved 64%
• 2020/11 target was 70%
• Currently 6 shopping centres sending zero waste to
landfill

12. One New Change
• 10% of energy comes from Renewables
• Extensive Ground Source Energy Systems
-open/closed loop technology first hybrid system in the
UK and largest in the world
• BREEAM ‘Excellent’ for offices & ‘Very Good’ for retail
• EPC rating – B & C
• Green Roof & Rainwater Harvesting (WC’s)
• Tenants connected to centralised plant
• Sub-metering for energy usage & control
• 20% recycled content for materials used