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Our environment

At QIC, we recognise the benefits of embedding objectives that reduce our environmental footprint and continually monitoring our performance against these objectives.

Our Targets

Implementing mandatory ESG standards across our portfolio allows us to measure and benchmark our consumption of energy, water and waste and track our greenhouse gas (GHG) emissions.

In 2017, QICGRE established a new target for generating 30% of our core retail shopping centres base load power from renewable energy by 2025.

Our short to medium-term (1-5 year) environmental objectives, are:

  • Reduce our energy, water and waste consumption by 20% by 2020
  • NABERS energy and water ratings for all eligible assets
  • All new development projects to be designed to receive minimum 5 star NABERS energy rating
  • Adopt real time energy monitoring to optimise energy efficiency
  • Engage with communities to grow environmental education across the portfolio
  • Increase external awareness of our Environmental Management System (EMS) and reinforce our policies through regular training
  • Continuously improve the EMS in alignment with ISO 14001 toward certification.

Our long-term objectives are designed to:

  • Transform our business processes to achieve a step-change toward sustainable energy against our stated target
  • Strive for innovation and social leadership projects to leverage across our portfolio, guided by our Corporate Social Investment (CSI) Framework
  • Promote and educate to all our stakeholders the inherent values of our EMS Framework.
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