Capco aims to minimise the impact of our operations on the environment. We apply a responsible and forward-looking approach to environmental issues and the principles of sustainability.
OUR COMMITMENTS IN 2016
Energy & Carbon Management
Continue to measure, verify and report on the carbon footprint and achieve a reduction in energy consumption of three per cent in assets where Capco has operational control1.
Water & Waste Management
Aim to minimise waste to landfill from properties where Capco has operational control and develop a waste consolidation strategy for the Covent Garden estate to improve recycling rates.
Monitor water consumption across the portfolio and implement measures to improve water efficiency.
Continue to work towards achieving a minimum rating of BREEAM Very Good on major construction projects and, where existing planning conditions apply, Code for Sustainable Homes Level 4 certification. Target a minimum of 85 per cent of non-hazardous waste to be diverted from landfill and identify opportunities to reduce on-site energy use, carbon emissions and water consumption at major project sites including Earls Court, Lillie Square and Kings Court. Further develop our approach to the responsible sourcing of construction materials, including the use of responsibly sourced timber, and determine opportunities to reduce embodied carbon impacts.
Health & Safety
Continue to embed the updated governance and reporting framework at operational levels and promote the highest standards of Health & Safety management.
1. Operational control: Assets were Capco has the ability to introduce and manage operational aspects such as energy and water consumption and waste management strategies.
Energy & Carbon Management
We continue to monitor and manage energy consumption and greenhouse gas emissions across the Group. In 2015 our total carbon footprint was 6,909 tonnes of carbon dioxide equivalent (tCO2e). Carbon emissions reduced by 38% compared to 2014, principally due to the closure of the Earls Court exhibition centre. Capco engaged Carbon Credentials Energy Services Ltd to provide verification of the 2015 greenhouse gas emissions assertion in accordance with the recognised industry standard ISO14064-3. A copy of the verification statement can be found here.
Across the Group we are introducing a series of energy efficiency measures such as LED lighting, improved heating and cooling controls and energy management initiatives. We continue our compliance activities in connection with the Carbon Reduction Commitment ("CRC") scheme, the Energy Savings Opportunity Scheme ("ESOS") and our efforts to upgrade assets where appropriate with an Energy Performance Certificate rating of below E.
Waste & Water Management
Across the Group, improving operational recycling rates and the diversion of waste from landfill has remained a priority and we achieved 100 per cent diversion of operational non-hazardous waste from landfill at Olympia, Covent Garden and Head Office in 2015.
Throughout the year we monitored water consumption, establishing a water consumption baseline across the properties that we operate. We have identified opportunities to reduce usage by installing water efficient fittings whilst undertaking refurbishment works. We will continue to identify water efficiency initiatives in 2016.
Capco is committed to integrating responsible and sustainable practices into the delivery of our projects and development. At Lillie Square and Kings Court, we continue to work towards achieving a minimum of BREEAM Very Good and Code for Sustainable Homes Level 4 certification.
We have established monthly reporting procedures to actively monitor environmental aspects on-site and at Lillie Square real time energy monitoring has been deployed to analyse carbon data and identify measures to reduce consumption.
To further our commitment to sustainability in the built environment, we have produced a Sustainability Framework for Projects & Development. This will be adopted in 2016 and sets out sustainability performance measures for Capco’s projects.
Capco is a member of the UK Green Building Council and we plan to become a more active member of the organisation by participating in key sustainability initiatives and collaborating with our peers in the sector.
Reporting our Performance
We continue to monitor and report our performance in line with key sustainability reporting benchmarks. In 2015 we improved our CDP Climate Change Programme Score for the fourth year running to 94B and continued as a participant in FTSE4Good Index. In 2016 we participated for the first time in the Global Real Estate Sustainability Benchmark and achieved Green Star status.
Health & Safety
2015 saw considerably increased construction and demolition activities across the Group with work at Earls Court and Lillie Square both progressing well and development activities taking place at Covent Garden. Capco appointed a Head of Health and Safety in August 2015 with a remit to further develop and lead health and safety strategy across the Group, as well as monitoring compliance with relevant health and safety legislation.
Garden at the Lillie Square mock-up apartment.
The planned Lost River Park at Earls Court will create a new five-acre public park designed for walking, resting, play and art, with ecological and productive landscaping to support a wide range of habitats. The garden at the Lillie Square mock-up apartment (pictured) gives an insight in the rich landscaping planned for the park.