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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.

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