Shopping Centers Today

AUG 2018

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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among the world's most demanding, according to ECE. e developer's sustainability advisory board, which includes specialists from the science, business and political spheres, is the first of its kind in the business. ECE has used renewable energy sources since 2005, reducing annual carbon-dioxide emissions by some 149,000 tons. ECE is rolling out something the company calls an "intelligent mobility concept," with charging stations for electric vehicles and hybrid pedal-electric bicycles. ECE also created Europe's first electric-car-sharing street, at its Potsdamer Platz Arkaden mixed-use complex, in Berlin, to facilitate car pickup and drop-off for drivers using the Car- 2Go electric-car rental app. All new Sephora stores in the Unibail-Rodamco-West- field portfolio in Continental Europe will feature 100 per- cent LED-lighting installa- tions, in line with Unibail's strategy to reduce worldwide energy consumption. Further, Astrid Panosyan, Unibail's chief resources officer, said the firm's sustainability strategy "requires reducing our carbon footprint, water consumption and waste, making our business greener and more cost-efficient, creat- ing a positive social and economic impact." Westfield scored an A– in the U.K.-based Carbon Disclosure Project, a vast improvement over its grade of C the previous year and tying the firm with two peer companies for the top score. Meanwhile, Sephora's Forum des Halles store, in Paris, won a BREEAM rating of "excellent" — a first for any retail- er in France, according to Sephora CEO Chris de Lapuente. With growing consumer awareness of fashion sourcing, retailers are expanding their sustainable/ethical collections. In April H&M introduced its Conscious Exclusive line, which includes garments made from Tencel (a cellulose fiber derived from wood pulp) and Econyl (made from discarded nylon). e retailer also uses recycled polyester and organic linen for garments, as well as recycled silver for accessories manufacturing. Competitor Zara has a similar line, called Join Life. Zara parent Inditex recycles packing supplies for use toward fulfilling its "zero landfill waste" goal by 2020. Apparel and home-decor seller La Maison Simons has opened its first zero-net energy store — one generating as much energy on-site as it consumes — in Québec City, in a former Target, powered by solar energy and cooled and heated by a geothermal system. Walmart's Project Gigaton, aimed at reducing 1 billion metric tons of greenhouse-gas emissions through the re- tailer's value chain by 2030, reduced some 20 million metric tons of emissions in its first 12 months of use (through last April). e program has been expanded to the company's stores in China, the U.K. and 30 other countries. Federal Realty, which has invested some $1.2 billion since 2012 in green-certified construction projects, earned a "walkability" score of 85 from Seattle-based Walk Score (which rates real estate walkability) — the high end of the "very good" category — for its walking routes to transit and center amenities. Moreover, since 2010 Federal Realty has plowed roughly $35 million into 22 solar photovoltaic systems and earmarked $12 million for an additional 10. e firm, which converted a 7,000-square-foot roof at Bethesda (Md.) Row into an urban farm yielding some 10,000 pounds of pro- duce annually, is bringing out a second such roof: a 17,000-square-foot space atop the mixed-use Pike & Rose property, in North Bethesda. Individual subscribers and restaurant tenants will receive regular deliveries of har- vests. Both roof sites involve partnership with Washington, D.C.–based Up Top Acres. While the GRI (Global Reporting Initiative) and LEED (Leadership in Energy and Environmental Design) certifications remain the leading standards for sustainability and green buildings, the biggest emerging investor-reporting standard for sustainable risk and opportunities is the GRESB, Wedding says. Roughly 850 property companies and funds, representing nearly $4 trillion in assets managed, used the GRESB, he says. is year NAREIT made Macerich a REIT Sustainability All-Star, lauding the firm for a water-conservation pro- gram that saved about 58 million gallons. Smart-irrigation systems, drought-tolerant plants, low-flow fixtures and au- tomatic shut-offs in common areas are among the Macerich conservation tools. e firm also earned GRESB's top North American retail sector ranking for environmental and social performance. Macerich says it is working toward carbon neutrality and zero impact on water waste and landfills by 2030 on the outside. e firm produced about 39 million kwh of clean energy from a dozen on-site solar projects and half as many on-site fuel-cell systems last year, more than doubling its 2016 performance. Simon has reduced systemwide electric consumption by about 33 percent since 2003, using energy-storage batteries and solar installations, according to its 2017 report. "We were able to achieve the majority of our sustainability objec- 42 S C T / A U G U S T 2 0 1 8 "At its core, sustainability is about building a business that will stand the test of time"

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