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European Portfolio Environmental Performance

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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 environmental data that we directly influence can be assessed and subsequently managed.

The following table presents our European 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 ESG Report 2020.

Total operational portfolio, Like-for Like (LfL)

EPRA Sustainability Best Practise Performance Measures

2020 2019 Proportion of data estimated % change
KWh Elec-LfL Electricity Total landlord-obtained  26,551,149 31,591,544 0.3% -16%
KWh Fuels-LfL Fuels Total landlord-obtained  20,432,846 20,768,377 2.5% -2%


Electricity For Landlord Obtained from renewable sources 100% 72% 0% 28%

tons CO2e

GHG-Dir-LfL Direct greenhouse gas emissions Scope 1 7,730 7,904 2.5% -2%

tons CO2e

GHG-Indir-LfL Indirect greenhouse gas emissions Scope 2 (market based) 280 2,740 0.3% -89%
tons CO2e GHG-Indir-LfL Indirect greenhouse gas emissions Scope 2 (location based) 6,709 8,948 0.3% -25%
tons CO2e GHG-Indir-LfL Indirect greenhouse gas emissions Scope 3  522 686 0.3% -24%
CO2e/ft2 GHG-Int Building emissions intensity Scope 1 and 2 0.002 0.003 1.3% -14%
m3 Water-Abs,Water-Lfl Water Total Landlord Obtained 134,155 220,329 0.5% -39%
tons Waste-Abs,Waste-Lfl Waste Total Landlord Managed 4,057 7,325 0% -45%
tons Waste-Abs,Waste-Lfl Waste Total Diverted From Landfill 3,613 5,136 0% -30%

We report on all properties for which we have management control and for which we are responsible for utilities consumption. As such, the coverage for all indicators is 100% of the applicable portfolio. • The 2020 absolute performance measures coverage includes: 21 office assets, 13 retail assets, 12 residential assets (consisting of multiple units), 1 hotel, and 1 mixed use asset. It excludes indirectly managed assets and our own occupied offices. • 2019 Absolute data has been restated due to more accurate data and the exclusion of some supplies which have been identified as the responsibility of tenants. • Assets in our like-for-like data set were directly managed in both 2019 and 2020 and they include:15 office assets, 12 retail assets, 11 residential assets (consisting of multiple units), 1 hotel and 1 mixed use asset. • Energy consumption includes electricity and natural gas which we purchase as landlords. No fuels were procured in our portfolio (other than natural gas) and no assets are supplied by District Heating & Cooling. • Intensity has been calculated using the Net Internal Areas of assets to maintain consistency across the portfolio. • Waste consumption has been collected directly from site for 2020 and includes all landlord managed streams. • Water consumption information is also directly from site and includes all landlord responsible consumption for 2020. • Scope 1 and 2 emissions were calculated using the applicable national emissions factors published by the IEA. 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.




Kennedy Wilson
151 S. El Camino Dr.
Beverly Hills, CA 90212

Phone: +1 (310) 887-6400
Fax: +1 (310) 887-3410