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 2017
Energy & Carbon Management
Continue to identify opportunities to reduce energy use across our estate and maintain a target of 3 per cent energy reduction for managed assets on a like-for-like basis compared to 2016.
Water & Waste Management
Aim to minimise waste to landfill from our managed properties and continue with the development of the Covent Garden estate waste consolidation strategy.
Divert at least 90 per cent of non-hazardous waste from landfill in major refurbishment and construction projects.
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.
To understand opportunities to reduce carbon impacts over a building’s life cycle, undertake an embodied carbon assessment of a project.
Energy & Carbon Management
We actively monitor and aim to reduce energy use and carbon emissions across the Group. In 2016 we met our target to reduce energy use by 3 per cent on a like-for-like basis compared to 2015. We continue to implement energy efficiency measures including installing new efficient lighting at a number of assets in Covent Garden. Furthermore, to reduce our carbon impact, we have taken steps to purchase electricity through green energy tariffs where possible and have in place our first green gas tariff at Covent Garden. A copy of our greenhouse gas assertion and verification statement in accordance with the recognised industry standard ISO14064-3 can be found here.
Capco remains a participant of the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme, and the Energy Savings Opportunity Scheme (ESOS). In line with the forthcoming Minimum Energy Efficiency Standards (MEES), we are actively reviewing and upgrading assets where appropriate to improve EPC ratings across our portfolio.
Waste & Water Management
Across our estates, we have continued to drive improvements in recycling and achieved zero operational non-hazardous waste to landfill at the Covent Garden estate and our 15 Grosvenor Street office.
We continue to monitor water consumption across or estates and are committed to installing water efficient equipment during refurbishment works and in new assets. We recognise that our main opportunity to influence water efficiency is by designing for higher levels of efficiency.
Capco is committed to integrating responsible and sustainable practices into the delivery of our projects and development. In 2016 we launched our Sustainability Framework that sets out our approach to embedding sustainability principles into the design and construction of our developments.
Notable achievements this year include attaining BREEAM Very Good certification for the refurbishment of a Grade II listed retail unit 38 King Street, installing our first solar panels at 26-27 Southampton Street and installing our first rainwater harvesting system at Lillie Square. At Floral Court and Lillie Square, we continue to work towards achieving a minimum of BREEAM Very Good and Code for Sustainable Homes Level 4 certification.
On-site projects are participants in the Considerate Constructors Scheme and in 2016 Lillie Square scored an exemplary 45 out of 50, which puts the site in the top 1 per cent of all participating construction sites in the country. We continue to meet our target to divert at least 85 per cent of waste from landfill and at the Earls Court demolition site we have achieved 99 per cent diversion rate to date.
Capco remains an active member of the UK Green Building Council, participating in the creation of the Council’s new guidance on embodied carbon in development.
We monitor and report our performance in line with industry sustainability benchmarks. In 2016 we remained a participant in the FTSE4Good Index and responded to the CDP Climate Change Programme, achieving a B rating. To further our reporting, we participated in the Global Real Estate Sustainability Benchmark and achieved a Green Star rating. We are also reporting in line with EPRA Sustainability Best Practice Recommendations.