We collect, analyse and present data which reflects the energy consumption of our directly managed portfolio across Europe. This excludes single-tenant assets that are responsible for their own energy procurement. We believe that by focusing on our directly managed portfolio a clear understanding of the greenhouse gas emissions that we directly influence can be assessed and subsequently managed.
The following table presents our portfolio environmental performance. The data aligns with the INREV Sustainability Guidelines indicator ESG-ENV 1.1 and is presented in line with the EPRA Sustainability Best Practice Recommendations (see Methodology below). For absolute information and for more detailed analysis please refer to our Responsibility Report 2018.
|Total operational portfolio, Like-for Like (LfL)|
EPRA Sustainability Best Practise Performance Measures
|2018||2017||Proportion of data estimated||% change|
|GHG-Dir-LfL||Direct greenhouse gas emissions||Scope 1||4,312||3,944||0%||9%|
|GHG-Indir-LfL||Indirect greenhouse gas emissions||Scope 2 (market based)||13,085||13,139||1%||0%|
|Scope 2 (location based)||13,085||11,746||1%||11%|
|Indirect greenhouse gas emissions||Scope 3||1,016||1,076||1%||-6%|
The coverage for all indicators is 100% of the applicable portfolio as we report on all properties where we have management control and are responsible for utilities consumption. • The 2018 absolute performance measures coverage includes 48 assets (22 offices, 13 retail, 8 residential (with 1,877 units), 3 hotels, 2 leisure). It excludes indirectly managed assets and our own occupied offices. • Assets in our like-for-like data set have been consistently in operation since our baseline years of 2015-2017 and include (8 offices, 13 retail, 2 residential assets (with 357 units) and 2 hotels. • Energy consumption includes electricity and fuels which we purchase as landlords. No fuels were procured from renewable sources, and no assets in our portfolio are supplied by District Heating & Cooling. Scope 1 and 2 emissions were calculated using the applicable national emissions factors published by DEFRA. • Scope 1 includes all natural gas consumption. Scope 2 includes all landlord purchased electricity consumption. We have used the UK grid average to calculate our marked based emissions while we work with our suppliers to calculate our actual market based emissions rate. Scope 3 emissions relate to transmission and distribution emissions for electricity. • The majority of estimations relate to filling in specific invoices which were not available at the time of reporting. Energy use has been collected through automatic meter reading (AMR) data (where possible), invoices or a mixture of both AMR and invoice data. Proportion is used where required to fill data gaps. • Intensity indicators are calculated using floor area (sq ft) for whole buildings. We are aware of the mismatch between numerator and denominator, as our consumption for energy relates to a mixture of common areas only and/or whole building consumption depending on individual assets. For example, at some residential assets energy consumption consumed in tenant areas is recouped through service charges.