Portfolio overview

Sustainability

Leadership in sustainability is an important component of our value proposition.  We have implemented a number of new initiatives and achieved some great savings. Our leadership position has been further demonstrated in 2016 through notable achievements outlined in this section.

Our environmental programme continues to deliver

Our environmental programme continues to reap significant rewards, even though we have increased trading hours in our key shopping centres and increased the size of our portfolio. Since 2008 we have made some great saving across the portfolio.

Energy savings

Energy savings

We have saved over 7.75 million kilowatts of energy – enough to supply 748 typical homes.

Water efficiency

Water efficiency

We have saved over 134 million litres of water – enough to fill 2,680 domestic swimming pools.

Waste minimisation

Waste minimisation

We have diverted 331 tonnes of waste from landfill – equivalent to filling 540 jumbo bins.

Carbon emission

Carbon emission

We reduced our carbon emissions by 904 tonnes – equivalent to 214 return flights from Auckland to London.

Charging stations

Charging stations

Our electric vehicle (EV) charging stations at Sylvia Park have been used 1,600 times since they were installed.

Our FY16 achievements

Each year, we report on various outcomes from our sustainability programme. In 2016 our achievements included:

  • We were the only New Zealand company included in the Carbon Disclosure Project (CDP) A-list and one of only 113 worldwide. We were also included in the CDP 2015 NZX 50 Climate Disclosure Leadership Index, along with six other companies.
  • The Sylvia Park solar array and EV charging stations project was awarded a ‘Judges Commendation’ in the ‘Impact Renewables’ category of the 2015 NZI Sustainable Business Network Awards. There were only 11 commendations awarded alongside the 11 category winners. This is the first year Kiwi Property has entered these awards.

Initiatives

Waste reduction

We have embarked on an ambitious initiative to enhance our waste recycling programme, thereby dramatically reducing waste to landfill.  Our historical efforts have seen us achieve impressive reductions in waste to landfill, however by deploying emerging technology and new approaches we believe significant further gains can be made.

The early results of this work indicate we expect to divert 120 tonnes of food wast to compostinging annually.  Surprisingly, over 20 tonnes of this is expected to be coffee grounds.

LED replacement programme

By leveraging our scale and our commitment to sustainability, we have achieved our target of having the majority of the lighting in the common areas of our property assets fitted with low cost, low impact LED lights.

We have now achieved:

– Replacement of nearly 5,000 fittings.
– Energy savings of almost 2 million kWh per annum.

We are looking to further our LED upgrade programme over the coming year.

44 The Terrace awarded ‘excellent’ energy rating

Our Wellington office building at 44 The Terrace has been awarded a 4.5 star ‘excellent’ NABERSNZ energy rating, reflecting our 10-year focus on energy efficiency. The 12-storey office complex was built in the 1980s and houses mainly government tenants, including the Commerce Commission, Tertiary Education Commission, Human Rights Commission and the Energy Efficiency and Conservation Authority ‘ also the licensee of NABERSNZ.

The rating underscores our commitment to a number of energy-related projects at the site, focused particularly on commissioning and fine-tuning base building services. The 4.5 star NABERSNZ rating shows the building consumes 76.3 kWh of electricity per square metre.

New Zealand’s largest solar array unveiled at Sylvia Park

The largest solar array in New Zealand is now in operation at our flagship shopping centre, Sylvia Park.

Covering an area of 3,000 sqm – about the size of 12 tennis courts – the solar array is at least five times bigger than a similar system installed on the roof of the Auckland War Memorial Museum.

Some 1,134 solar panels will generate enough clean and green electricity to power the equivalent of 59 New Zealand homes annually. That equates to around 16% of Sylvia Park’s common area energy consumption.

The installation, the latest of an ongoing sustainability initiative to be introduced at the country’s largest shopping centre, went live on 3 January 2015, producing 190,000 kWh units of electricity in its first two months of operation.

Our National Facilities Manager, Jason Happy, updates TVNZ viewers on Sylvia Park's solar array commissioning.

Charging stations

At Kiwi Property, we’ve long been focused on producing sustainable outcomes from our portfolio of office buildings and shopping centres.

In 2014, we led the shopping centre industry by introducing two trickle chargers at Sylvia Park Shopping Centre to allow our customers to charge their electric vehicles or plug in hybrids, free of charge.

Given the success of the Sylvia Park installation, we are now investigating opportunities to roll out our concept to other centres or expand our offering at Sylvia Park.

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Key documents

The company's 'Sustainability policy' and the 'Response on climate change' can be obtained by clicking on the following links:

Sustainability policy Response on climate change Sustainability report March 2016

Memberships

ISO ICW NZGBC FTSE CDP