Shopping Centres Australasia Property Group (ASX: SCP)
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:17637 tonnesCO2-e (absolute total)
Scope 1 Emissions:216 tonnesCO2-e
Scope 2 Emissions:17443 tonnesCO2-e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:23426 MWh (electricity)
Water Consumption:549241 litres
Waste Generated:5753 tons
Carbon Intensity:Not disclosed
ESG Focus Areas
- Energy & Carbon
- Leading Local
- Waste
- Water
- Diversity & Inclusion
- Health & Wellbeing
Environmental Achievements
- 3,045 MWh of solar power generated from our roofs in 2020
- 1,634 tonnes of GHG emissions saved through solar generation in 2020
- 6-star NABERS rating for corporate head office in FY21 (up from 5.5 in FY20)
- 34% waste diverted from landfill at 66 SCP shopping centres in 2020
- 25% LED lighting completed in 2021
Social Achievements
- Three-year partnership with The Smith Family supporting 128 families
- 70+ Stronger Communities events held
- 40:40:20 gender split reached across Non-Executive Directors and Senior Leadership
Governance Achievements
- Updated SCP Sustainability Strategy released August 16, 2021
- Modern Slavery statement released for FY20 (FY21 statement to be released by December 2021)
- Comprehensive Procurement Policy and Supplier Code of Conduct introduced in FY20
Climate Goals & Targets
Long-term Goals:
- Net zero carbon emissions by 2030 (Scope 1 and 2)
Medium-term Goals:
- Divert 60% of operational waste from landfill by 2030
- Increase solar generation capacity to 25MW by 2025
- 20% less energy consumption by 2025
- Environmentally friendly refrigerants only by 2025
- Establish renewable energy partnerships by 2025
Short-term Goals:
- Divert 30% of operational waste from landfill by 2025
- Reduce water use by 25% at ten largest consumption sites by 2025
- 100% LED lighting by 2023
- 100% workplace volunteers by 2023
- All employees to have mental health awareness training by 2021
Environmental Challenges
- Climate change risks (cyclones, droughts, fire, floods) impacting centres and communities
- Waste management in retail sector (packaging, point-of-sale materials, food waste)
- Water scarcity in Australia
Mitigation Strategies
- Climate Change Risk Assessments for all 92 centres, identifying 11 high-risk centres
- Resilience Action Plans for 11 high-risk centres by 2023
- Long-term waste reduction and diversion plans, including audits and collaboration with retailers and councils
- Focus on water efficiency at high-consumption centres and retailers, sharing learnings across portfolio
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Cyclones
- Droughts
- Fire
- Large rainfalls and floods
Transition Risks
- Not disclosed
Opportunities
- Renewable energy investment
Reporting Standards
Frameworks Used: GRESB, NABERS
Certifications: Null
Third-party Assurance: Cundall
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed