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 KW Europe Responsibility Report 2017.
|Total operational portfolio, Like-for Like (LfL)|
EPRA Sustainability Best Practise Performance Measures
|2017||2016||Proportion of data estimated||% change|
|GHG-Dir-LfL||Direct greenhouse gas emissions||Scope 1||3,944||3,546||1%||11%|
|GHG-Indir-LfL||Indirect greenhouse gas emissions||Scope 2 (market based)||13,139||15,854||1%||-17%|
|Scope 2 (location based)||11,746||13,836||1%||-15%|
|Indirect greenhouse gas emissions||Scope 3||1,076||1,090||1%||-1%|
Assets in our like-for-like data set were directly managed in both 2016 and 2017 and they include 10 office assets, 13 retail assets, two residential assets (consisting of multiple units) and two 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 for the UK and the IEA for Ireland and Spain. Scope 1 includes all natural gas consumption. Scope 2 includes all landlord purchased electricity consumption. 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.