We switched older style warehouse lights with LED alternatives in several Australian sites, including at Erskine Park Industrial Estate in Western Sydney, where 250 high bay lights were replaced with LED lighting. This reduced energy use by approximately 50% and the upfront capital investment was also reduced due to the project’s eligibility for energy saver certificates under the NSW Energy Saver Scheme.
The Australian office portfolio’s 4% reduction in energy consumption was achieved by a further focus on energy efficiency, demand management and monitoring initiatives.
We’ve installed LED lighting in more than one million sqm of warehouse space in Europe, which has the added benefit of increasing the future leasing appeal and property value of the properties.
Around half of our stabilised portfolio in Hong Kong has now upgraded to LED lighting. The remainder is due within two years. At Goodman Interlink in Hong Kong we:
- Replaced around 1,800 lights with LED alternatives. This is estimated to reduce monthly energy costs by around $HK26,500
- Upgraded the heating, ventilation, and air conditioning (HVAC) system to one that uses half the power.
We installed a further one megawatt of solar PV in Japan this year at Goodman Akamatsudai in Kobe City. This increased our total solar capacity in Japan to more than 16 megawatts. Japan remains our primary region for installation of PV panels, with more installations planned for Goodman Business Park Stage 2 in Chiba.
Global Real Estate Sustainability Benchmark (GRESB)
Goodman Group is a GRESB member. Membership gives us insights into the sustainability trends that impact real estate and access to collaborate with institutional real estate investors, owners and managers.
2017 was the seventh year Goodman participated in the GRESB survey. GRESB benchmarks environmental, social and governance (ESG) performance as reported by participants. More than seven Goodman entities submitted to GRESB including Partnerships from Australia, Asia, the UK and Continental Europe.
Each entity achieved Green Star status and ranked above their peer group average.
Australian greenhouse gas emissions
Goodman’s FY17 greenhouse gas emissions (GHG) for its Australian operations are estimated at 37,556 tC02-e. The decrease in our absolute emissions is primarily due to asset sales completed during the year, ongoing sub-metering of customer power consumption and energy efficiencies across the portfolio.
Our GHG calculation includes scope 1 and 2 emissions generated from Goodman’s Australian property and building management services, including assets owned directly by Goodman and those within our Australian managed Partnerships. Where sub-metering allows, we have excluded the GHG of our customers.