Potential offtaker

Scentre Group Trust 1

www.scentregroup.com

Estimated electricity consumption

N/A

Countries of production presence

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Scentre Group TR is a leading Australian company that operates in the Shopping Center REIT sector. The company is committed to sustainability and has made significant investments in decarbonisation, corporate energy, corporate power purchase agreements (PPAs), and renewable energy.

Scentre Group TR is one of the largest owners, operators, and developers of shopping centers in Australia and New Zealand. The company manages a portfolio of 42 shopping centers, with a total gross lettable area of over 3.6 million square meters. The company's portfolio includes some of the most iconic shopping centers in Australia, such as Westfield Sydney, Westfield Bondi Junction, and Westfield Doncaster.

Sustainability is a key focus area for Scentre Group TR, and the company has set ambitious targets to reduce its carbon footprint. The company aims to achieve net-zero carbon emissions by 2030, and it has made significant progress towards this goal. Scentre Group TR has reduced its carbon emissions intensity by 47% since 2012, and it has installed over 5,000 solar panels across its portfolio.

One of the key ways in which Scentre Group TR is reducing its carbon footprint is through the use of renewable energy. The company has signed several corporate PPAs with renewable energy providers, which has enabled it to source a significant portion of its energy from renewable sources. In 2020, Scentre Group TR signed a 15-year PPA with a wind farm in New South Wales, which will supply the company with 100% renewable energy.

Scentre Group TR is also investing in energy efficiency measures to reduce its energy consumption. The company has implemented a range of initiatives across its portfolio, including LED lighting upgrades, building automation systems, and energy-efficient HVAC systems. These measures have not only reduced the company's carbon footprint but have also resulted in significant cost savings.

In addition to its sustainability initiatives, Scentre Group TR is committed to corporate social responsibility. The company has a strong focus on community engagement, and it works closely with local communities to create vibrant and sustainable spaces. Scentre Group TR also supports a range of charitable organizations, including the Australian Red Cross and the Starlight Children's Foundation.

Scentre Group TR's commitment to sustainability and corporate social responsibility has been recognized by a range of industry bodies. The company has been included in the Dow Jones Sustainability Index for the past eight years, and it has received numerous awards for its sustainability initiatives. In 2020, Scentre Group TR was named the most sustainable real estate company in the world by the Global Real Estate Sustainability Benchmark (GRESB).

In conclusion, Scentre Group TR is a leading Australian company that operates in the Shopping Center REIT sector. The company is committed to sustainability and has made significant investments in decarbonisation, corporate energy, corporate PPAs, and renewable energy. Scentre Group TR's sustainability initiatives have not only reduced its carbon footprint but have also resulted in significant cost savings. The company's commitment to corporate social responsibility has also been recognized by a range of industry bodies, making it a leader in sustainable business practices.

✓ Declared Net Zero commitment