Great Portland Estates plc
Sustainability
Strategy
For the year ending March 2017
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Great Portland Estates Sustainable Strategy for the year ending March 2017
As part of our ongoing commitment
to improving our sustainability
performance the following strategy
will apply for the year 1 April 2016
to 31 March 2017.
Broadening engagement with our Investors
We will look to:
•E
ngage with our top 30 investors on our current
sustainability performance and their view on our
long-term “Towards the 2020s” strategy to ensure
that it addresses their requirements.
Creating sustainable spaces, reducing obsolescence
We will look to:
•A
chieve a BREEAM rating of “Excellent” on all
new build developments and “Very Good” or
“Excellent” on refurbishments.
• Refine our Sustainable Development Brief to
include clear guidance on our responsible sourcing
of materials.
•T
o run a pilot study to incorporate “The WELL
Building Standard” on one development.
• Working with our supply chain, continue to develop
occupational health initiatives across our
development sites.
•A
chieve a silver SKA rating on refurbishment works
at properties under 50,000 sq ft.
•D
ivert 95% of non-hazardous waste generated
at our development projects from landfill.
•A
chieve FSC or PEFC project certification for
every completed new development. On smaller
refurbishment projects a target of 90% FSC
or PEFC certified timber will be achieved.
• Incorporate the “Soft Landings Framework” at all
new build developments and major refurbishments.
• Continue to undertake Post Occupancy Evaluation
and feedback the findings of each study to the
wider project team.
• Complete our socioeconomic assessment
at Rathbone Square.
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Great Portland Estates Sustainable Strategy for the year ending March 2017
Managing sustainable spaces, meeting changing tenant needs
We will look to:
•A
chieve a 2.5% energy reduction across our
investment portfolio on a like-for-like basis when
compared to the year ended 31 March 2016. With
a view to continuing this target annually until 2020.
•F
ollowing The Paris Treaty, to decarbonise our
portfolio, looking to achieve an annual carbon
intensity emissions reduction of 6.3% based on
carbon emissions per square metre; with a longterm target to reduce carbon emissions by 40%
by 31 March 2022.
•R
oll out an energy benchmarking system across
the portfolio.
• Ensure that smart metering is installed on all
landlord obtained energy supplies by March 2017.
• Achieve a recycling rate of 80% or more at
properties where we retain management
responsibility, whilst continuing to divert 100%
of our waste from landfill.
• Improve the effectiveness of the Environmental
Working Groups at multi-tenanted properties over
50,000 sq ft.
• Improve the level of tenant satisfaction when
compared to our March 2016 baseline.
Enhancing the way we work with our investors,
the local community, suppliers and our people
We will:
• Implement revised policies and procedures
following our 2015/16 employee health and
wellbeing review.
• Ensure that all building Management contracted
staff at GPE buildings earn the London Living Wage
by 31 March 2017.
• Undertake an employee engagement survey.
• Working with our suppliers, create or maintain 50
apprenticeships during the year ending March 2017.
•T
o continue the roll out of our leadership and
development programme.
•D
evelop a supplier code of conduct for all suppliers
in relation to GPE operations.
• Organise five work experience/educational/tours/
presentations/initiatives for local schools and
colleges during the year ending March 2017.
Management Actions
In order to ensure that our strategy continues to evolve, to address our material risks and enhance the
long-term value of our business we will:
•A
rticulate our long-term strategy “Towards the
2020s” to incorporate our approach on Climate
Change and the environment, Place-making,
Community Involvement, Skills and Employment
and Wellbeing.
• Review and broaden the terms of reference for our
Environmental Policy Committee and Corporate
Responsibility Working Group to include greater
oversight of sustainability issues.