Sustainability

External Initiatives


These are some of the initiatives in which Sonae Sierra participates:

WORLD BUSINESS COUNCIL FOR SUSTAINABLE DEVELOPMENT

We participate in the core group of the WBCSD’s Energy Efficiency in Buildings (EBEB) project, and have signed up to the WBCSD’s Manifesto for Energy Efficiency in Buildings which calls on signatories to set energy reduction targets for the buildings they control and promote building energy efficiency among their stakeholders.

For more information, see wbcsd.org/buildings.aspx.

INREV SUSTAINABILITY COMMITTEE

In 2014 Sonae Sierra became a member of the INREV (European Association for Investors in Non-listed Real Estate Vehicles) Sustainability Committee. Previously we were members of the Sustainability Working Group which was launched in 2009 to inform and educate members of fund-level sustainability issues. INREV’s work has focused on improving members’ access to information on sustainability issues such as regulation and industry benchmarks, understanding market practices in the industry and supporting other initiatives across INREV’s committees such as reporting and due diligence. Sonae Sierra has contributed to the INREV Best Practice Recommendations (BPR) for Sustainability Reporting in 2012 and in 2013 was involved in the revision of the due diligence questionnaire.

For more information, see inrev.org.

In 2009, Sonae Sierra became a Founding Member of the Greenprint Foundation, a global industry initiative supported by key players in the property sector. In 2012 the Greenprint Foundation and Urban Land Institute (ULI) merged to form the ULI Greenprint Centre for Building Performance. Sonae Sierra continues to play an active role, and in 2014 participated in the ‘Greenprint Performance Report Volume 5’ (previously called Greenprint Carbon Index). We submitted energy consumption and Greenhouse Gas (GHG) emissions data from 42 shopping centres, which were analysed and compared to other Greenprint members’ portfolios. We are a member of the Advisory Board and sit on its Performance Committee and Valuation Committee, and are also a member of the ULI European Sustainable Development Council.

For more information, see uli.org/research/centers-initiatives/greenprint-center/.

GRESB – GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK

The Global Real Estate Sustainability Benchmark (GRESB) is an initiative to assess the environmental and social performance of public and private real estate investments. The 2009 survey, in which Sonae Sierra participated, was the first of its kind; it aimed to create an overview of the current level of integration of environmental management in all listed property companies and private property funds across the globe. Sonae Sierra participates in GRESB annually and once again achieved a Green Star rating in the 2014 survey. Based on GRESB’s evaluation, Sonae Sierra ranked 3rd in its European peer group and 5th across all European entities. Overall, Sonae Sierra achieved a score of 80, almost double the global average score of 47.

For more information, see: gresb.com.

EUROPEAN PROPERTY FEDERATION

We support or are involved in public policy positions led by industry organisations including the European Property Federation (EPF). We support the EPF’s responses to a range of European Union Directives and legislative initiatives, including most recently the Energy Efficiency Financial Institution Group’s Interim Report on Financing Energy Efficiency Investments.

For more information, see epf-fepi.com.