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Hyprop Investments Limited
Integrated annual report 2016
Carbon tax
This proposed tax is based on carbon emissions, with organisations
taxed on their emissions as measured in carbon dioxide (CO
2
). The tax
is expected to be phased in from 2017 to help South Africa reduce its
carbon footprint. The mooted figure is R120/tonne of CO
2
, with a 40%
scale for the first year. This is currently envisaged as an additional
surcharge on each kWh consumed and equates to 12 cents per kWh.
Based on current advice from KPMG Services (climate change and
sustainability division), Hyprop is not liable for any direct carbon tax
at this stage.
Water
We are investigating all feasible opportunities to reduce water
consumption while improving our measurement and monitoring
standards. This includes installing water-efficient equipment.
At existing properties, we rely on close co-operation with tenants and
customers to reduce water consumption. At new developments and
in the case of renovations and upgrades, efficiency is a criteria in
choosing technical equipment, for example (toilets, taps, and cooling
systems).
Bulk water consumption is monitored daily at centres to identify
unusual consumption patterns that might indicate leaks.
Water measures
2016
2015 % change
Total water consumption
(kilolitres (k
ℓ
))
1 037 011
1 123 687
(7,7)
Average volume of water
consumed per hour worked
(
ℓ
/HW)
2 349
2 664
(10,3)
Target for water consumption, or
reduction, against a specific
denominator (
ℓ
/HW)
2 398
2 618
(10,0)
Retail: k
ℓ
per occupied space (m
2
)
1,15
1,7
(32,3)
Office: k
ℓ
per occupied space (m
2
)
0,97
0,32
203,1
Total: k
ℓ
per occupied space (m
2
)
1,31
1,6
(18,1)
Water intensity
2016
2015
2014
Water use intensity (k
ℓ
per
occupied space (m
2
))
1,3
1,6
1,4
Waste
Our waste management approach is designed to maximise recycling,
minimise disposal to land ll and comply with legislation. Tenants are
regularly informed about on-site waste management systems, and
Canal Walk and Clearwater Mall have public recycling stations.
Suitable waste segregation facilities are in place at all centres.
For development projects, we adhere to all applicable regulations and
consider best practice in optimising the environmental quality of our
construction sites. Waste generated by construction is disposed of in
line with responsible management plans.
In 2016, Hyprop recycled 78% of total waste, up from 75% in 2015.
While higher in percentage terms, lower group volumes re ect greater
individual recycling efforts from our tenants.
Waste
2016
2015*
2014*
Total mass of non-hazardous
waste disposed (tonnes (t))
5 646
6 165
6 362
Total mass of hazardous
waste disposed (t)
43
34
35
Total mass of waste sent for
recycling (t)
2 998
2 757
3 154
Waste sent for recycling (%)
34,5
30,8
33,0
* Numbers updated for comparison with 2016
Recycling
2016
2015*
2014*
Number of loads ordered
7 293
6 790
6 469
Quantity of units collected (t)
68 166
64 240
83 619
Recycled (volume) (%)
78
75
67
Recycled (m
3
)
64 861
60 033
64 655
* Numbers updated for comparison with 2016
Environmental sensitivity
Canal Walk and Willowbridge are in biodiversity-rich areas:
•
•
Canal Walk is part of the greater Century City precinct, which is
in a national wetland conservation area, Intaka Island. Intaka is an
award-winning 16-hectare conservation area, rich in birdlife and
indigenous plants. The precinct has an environmental management
plan to which Canal Walk adheres. In terms of the plan, no
sewerage, fertilisers, herbicides or chemicals are discharged into
canals that run through the precinct. Only biodegradable cleaning
products are used for parking decks, walkways and walls to
minimise water pollution. In addition, Hyprop contributes
nancially to the environmental management plan
•
•
Willowbridge is next to the Elsiekraal River and adheres to the
environmental management plan set by the council to guard
against water pollution.
Climate change
We have formally assessed the risks and opportunities presented by
climate change as part of our annual submission to CDP and group
risk management process. The key direct risks lie in:
•
•
Change in temperature extremes – higher temperatures mean
air-conditioning equipment will not cope in peak summer
•
•
Sea-level rise – danger of flooding coastal centres, notably
Canal Walk
•
•
Change in rainfall extremes – extreme rainfall can lead to increased
leaks with damage to tenant and Hyprop property.