The European Shopping Center Fund has partnered with Adven, the leading provider of outsourced industrial and commercial energy infrastructure and services in Finland, Sweden and Estonia, to transform Skanssi Shopping Center in Turku, Finland into a carbon-neutral center.
At the end of June, the property began converting from district heating to geo-energy-based heating and cooling through the drilling of geo-wells. Approximately 112 geo-wells will be dispersed underground below the shopping center, with modern control rooms throughout the premises to provide energy for the shopping center. The control rooms will be connected to Adven’s remote monitoring and central control in Vantaa.
Geo-energy is sustainable, cost-efficient and a self-sufficient modern energy solution that increases the use of renewable energy with environmentally-friendly actions. Geo-energy is a carbon neutral way of producing heating and cooling which is less expensive than utilizing the local district energy. The price of geo-energy is transparent and stable. Geo-energy production is always sourced and generated locally, significantly reducing operating expenses. Annual savings in energy-related costs are estimated to be over 150,000 euros.
The geo-energy initiative will help toward doing our part to implement the Task Force on Climate-related Financial Disclosures (TCFD) recommendations for reducing carbon footprints to meet the goal of keeping a global temperature rise this century below two degrees Celsius and to pursue efforts to limit the temperature increase to 1.5 degrees Celsius. In our GRESB (Global Real Estate Sustainability Benchmark) and PRI (Principles for Responsible Investment) submissions, we are expecting more metrics related to our implementation of TCFD-related initiatives. Stay tuned for more TCFD-related information in future newsletters.
On Friday, April 20, Pasadena Towers in Los Angeles (a U.S. Core Partners property) held an Earth Day event to promote sustainability and encourage alternative methods of transportation, as required by the South Coast Air Quality Management District.
Over a dozen vendors participated including Tesla, Metro and Pasadena Water & Power. To encourage tenants to visit the participating vendors, building staff provided stamp cards that required tenants to visit at least 75% of the vendors to be entered to win a raffle prize.
Prizes included an emergency backpack for two, drought tolerant succulents and an 8-speed drivetrain EVO Slay bicycle.
In addition, Pasadena Towers partnered with its retail tenant, Del Frisco’s Grille, to provide appetizers. While providing food was a great way to encourage participation, it also helped Del Frisco’s Grille promote the restaurant to several hundred people which could lead to new business.
With an EPA Energy Star Score of 98, Pasadena Towers undertakes a variety of green initiatives throughout the year, such as:
Later in the year, during the first week of October, CBRE Global Investors’ Amsterdam Schiphol office held its annual Green Week with a host of activities including:
Highlights of the week included a visit from Ron van Kralingen from Dress for Success who kicked off Green Week with an introduction to the charity.
“The mission of Dress for Success® is to enable women and men to achieve economic independence, with a supportive network, professional clothing and the development of skills to function better in their work and personal life.” The Schiphol office displayed collection boxes in their reception area throughout the week for people to donate clothes.
On the third day, Anneke de Vries, Senior Vice President of Real Estate, Construction and Franchise – Ahold Delhaize (Albert Heijn, Etos, Gall & Gall) gave a presentation. Anneke is also and chairman/pioneer of the DGBC Retail/Delta Plan advisory group, whose aim is to improve sustainability performance of retail real estate.
Anneke gave an introduction about Ahold Delhaize, one of the world’s largest food retail groups, a leader in supermarkets and e-commerce, and a company at the forefront of sustainable retail. She then went on to discuss sustainability at Albert Heijn, the role of the Dutch Green Building Council and a case study of one of their projects, the Albert Heijn XL in Purmerend, the most sustainable supermarket in Europe. This inspiring talk was followed by a vegan lunch.
The penultimate activity of Schiphol’s Green Week 2018 involved a property tour of one of our new office assets in the Netherlands, the World Trade Center Utrecht, with asset manager Martijn van Rosmalen. The WTC Utrecht is a partner of the Green Business Club, whose three main pillars are: 1) to reduce carbon dioxide by a minimum of 25% by 2025 by improving commuter traffic and the transport of goods; 2) to reduce and restructure waste stream in the Utrecht CBD; and 3) to contribute to the liveliness and livability of the Utrecht CBD.
WTC Utrecht is built to a high standard of sustainability with an EPC label of A+. The building will be certified BREEAM Excellent and includes solar panels on the roof, CO2 regulation control, LED lighting, daylight and presence detection lighting, regenerative elevator drives, heat recycling, environment-friendly refrigerants in the air conditioning system and nesting boxes for swifts and bats.