Annual Report 2012 - Development Securities PLC
Annual Report 2012 - Development Securities PLC
Annual Report 2012 - Development Securities PLC
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34 <strong>Development</strong> <strong>Securities</strong> <strong>PLC</strong> / <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong><br />
Corporate Responsibility continued<br />
Major developments<br />
We manage the design and construction of these projects<br />
from planning application to delivery. At the outset and<br />
throughout the life of each project, we consider the<br />
issues of sustainability, from lifetime carbon footprint to<br />
sustainable transport and community socio-economic<br />
development. By doing these well we will continue to<br />
create premium products for responsible owners.<br />
A formal report is made to the Projects Board on<br />
every live development project each month. These<br />
reports refer to health and safety matters and all other<br />
material issues affecting the Company’s CR objectives.<br />
When planning and bidding for development and<br />
investment opportunities, the briefing material we give to<br />
our consultants lists our detailed aspirations and outlines<br />
our CR policies. Through early consideration in the<br />
design process, safety, sustainability, environmental and<br />
Table of targets and performance for 2011/12 and targets for <strong>2012</strong>/13 – Major developments<br />
Target for 2011/12 Progress in 2011/12 Target for <strong>2012</strong>/13<br />
Benchmark and reduce carbon emissions<br />
from all future developments, in advance<br />
of legislation, by working with our design<br />
and contracting teams on specifications<br />
and site management techniques.<br />
Ensure that all new development projects<br />
have a ‘brief’ based around the Standard<br />
Brief Documentation.<br />
Review our project briefing document and<br />
standard consultant appointments to<br />
reflect current CR Policy.<br />
Premier Inn’s specification for our Southampton project was fixed and<br />
not conducive to benchmarking future developments. However, key<br />
statistics are:<br />
– A BREEAM rating of ‘very good’<br />
– Awarded gold standard under Considerate Contractors scheme<br />
– Very strong EPC rating of ‘A’<br />
– Design team achieved a 65 per cent improvement on Part L<br />
requirements of Building Regulations, for Carbon emissions<br />
– Achieved a 20 per cent renewable energy target<br />
– 58 per cent of our crushed concrete recycled into our building<br />
– 87 per cent of our site waste diverted away from landfill<br />
Our technical review of Two Kingdom Street can be summarised:<br />
– BREEAM rating of ‘Excellent’<br />
– EPC rating of C<br />
– 20 per cent improvement on the requirements of Part L2A of the<br />
Building Regulations<br />
– A 20 per cent improvement on One Kingdom Street’s carbon<br />
footprint with 0.5 tCo /m 2 2 on the GIA<br />
– A Bronze award for the Considerate Contractors scheme<br />
– Waste was managed, separated and minimised throughout construction<br />
Our Standard Brief Document is used as the basis of all project briefs.<br />
This document clarifies the key ambitions for the contract and<br />
articulates our core values to the people we employ. It embodies many<br />
of the principles of our Corporate Responsibility strategy.<br />
We completed a review of our consultancy agreements in<br />
November 2011.<br />
Improve our reporting structure further. All reports from surveyors on live development schemes incorporated<br />
a written statement on CR matters for the Projects Board.<br />
Continue post-completion review<br />
programme with local stakeholders at all<br />
major developments to obtain feedback<br />
within a year of completion.<br />
Publish a written case study of one of our<br />
major developments highlighting the<br />
issues of socially responsible development.<br />
Continue to maintain relations with our<br />
suppliers during periods of inactivity<br />
through a structured approach to<br />
communications.<br />
The post-completion review for our hotel development in West Quay III,<br />
Southampton is scheduled for April <strong>2012</strong>.<br />
10 Hammersmith Grove is targeting to achieve an ‘Excellent’<br />
BREEAM rating and incorporates a large amount of Photovoltaics<br />
(PV) on its roof contributing towards emission reductions.<br />
We anticipate an EPC rating of 40 equating to carbon emission<br />
reductions in excess of 20 per cent from the baseline levels.<br />
We shall look to achieve a 10 per cent improvement on the carbon<br />
footprint of 10 Hammersmith Grove compared to our last major<br />
scheme.<br />
Our environmental strategy for the building already includes:<br />
– Very efficient lighting, heating and cooling strategy<br />
– Electricity generation from PV<br />
– Improved building fabric: low u value glazing/curtain walling,<br />
very good insulation ( A+ rated) throughout the building<br />
– Adoption of extra low energy LED lighting<br />
– Green Materials with A/A+ Green Guide ratings<br />
– In excess of 170 cycle racks and showers for the cyclists<br />
– A sustainable travel plan and very good transport links<br />
To maintain the discipline of issuing a Project Brief on each and<br />
every development project.<br />
To update the Project Brief to reflect this year’s report.<br />
We shall review the documents towards the end of <strong>2012</strong>.<br />
We shall continually review our reporting procedures and seek to<br />
make further improvement.<br />
Post-completion reviews will be scheduled for Westminster Palace<br />
Gardens and 10 Hammersmith Grove.<br />
Not achieved. We shall fulfill this on 10 Hammersmith Grove.<br />
We continued to maintain a real spirit of partnership with our key<br />
suppliers during 2011. In at least one case, we actively supported a key<br />
partner’s business through a difficult period.<br />
Our Delivery team is encouraged to maintain relations and the Head<br />
of Delivery co-ordinates interest from and to the business, with a<br />
structured approach to communication.<br />
social considerations become embedded in all our projects.<br />
Our recent start on site at Hammersmith confirms<br />
our ambition to create BREEAM Excellent schemes and<br />
we are working with our contractor, Wates, to achieve<br />
demanding targets for waste management during<br />
construction.<br />
In 2011 we achieved our targeted BREEAM<br />
accreditations for Premier Inn in Southampton (very<br />
good) and Two Kingdom Street (excellent). At HDD’s<br />
Lawley Village development we shall achieve BREEAM<br />
very good on all the commercial units and Code 3 for<br />
sustainable homes. At Stanground we have worked<br />
closely with the local authority and Morrisons to develop<br />
one of their greenest superstores to date, featuring solar<br />
heating, energy saving lighting, heat recovery and<br />
rainwater harvesting.<br />
To maintain this approach.