Scentre Group is an Australian company that operates in the Shopping Center REIT sector. The company owns and operates a portfolio of shopping centers across Australia and New Zealand. Scentre Group is committed to sustainability and has been actively working towards decarbonisation and reducing its carbon footprint.

Corporate Energy

Scentre Group has been working towards reducing its energy consumption and has implemented several energy-saving initiatives across its portfolio of shopping centers. The company has installed energy-efficient lighting, heating, and cooling systems, as well as implemented energy management systems to monitor and control energy usage.

In addition to reducing its energy consumption, Scentre Group has also been investing in renewable energy sources. The company has installed solar panels on the roofs of some of its shopping centers, which generate clean energy and reduce the company's reliance on fossil fuels.

Corporate PPA

Scentre Group has also entered into a corporate power purchase agreement (PPA) with a renewable energy provider. The PPA allows the company to purchase renewable energy directly from the provider, which helps to reduce its carbon footprint and support the growth of renewable energy.

The PPA also provides Scentre Group with a stable and predictable source of energy, which helps to mitigate the risks associated with volatile energy prices. The company has committed to sourcing 100% of its electricity from renewable sources by 2025.

Renewable Energy

Scentre Group has been investing in renewable energy sources as part of its commitment to sustainability. The company has installed solar panels on the roofs of some of its shopping centers, which generate clean energy and reduce the company's reliance on fossil fuels.

In addition to solar panels, Scentre Group has also been exploring other renewable energy sources, such as wind and geothermal energy. The company has been working with renewable energy providers to identify opportunities to invest in these technologies.

Decarbonisation

Scentre Group has set a target to reduce its carbon emissions by 30% by 2030, as part of its commitment to decarbonisation. The company has implemented several initiatives to reduce its carbon footprint, including energy-saving measures and investments in renewable energy.

Scentre Group has also been working with its tenants to encourage them to adopt sustainable practices. The company has provided its tenants with resources and support to help them reduce their energy consumption and carbon emissions.

Conclusion

Scentre Group is a leading Australian company that operates in the Shopping Center REIT sector. The company has a strong commitment to sustainability and has been actively working towards decarbonisation and reducing its carbon footprint.

Scentre Group has implemented several energy-saving initiatives across its portfolio of shopping centers, as well as investing in renewable energy sources such as solar panels. The company has also entered into a corporate power purchase agreement with a renewable energy provider, which allows it to purchase renewable energy directly and reduce its reliance on fossil fuels.

In addition to reducing its own carbon footprint, Scentre Group has been working with its tenants to encourage them to adopt sustainable practices. The company has set a target to reduce its carbon emissions by 30% by 2030, and is well on its way to achieving this goal.