Kierland Commons in Scottsdale, Ariz., one of many BREEAM-certified properties. Picture courtesy of CommercialEdge
Macerich has introduced the certification of 11 retail properties underneath BREEAM’s In-Use certification customary. Totaling almost 14 million sq. ft, the belongings span seven states: Connecticut, New Jersey, New York, Arizona, California, Colorado and Virginia. The certification of the procuring facilities was aided by an unbiased evaluation crew at UL Options.
A part of Macerich’s try to satisfy its sustainability objectives by implementing asset benchmarking and certification, this achievement aligns with the corporate’s broader ESG goals, which emphasize redevelopment and group stewardship.
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Double materiality, which is already a core component of EU ESG laws, supplies a framework for contemplating the intersection of economic duty and accountable use of pure sources to drive sustainable and financial positive factors.
Assessing the sustainability efficiency of retail belongings generally is a advanced and complicated process, particularly when coping with present infrastructure fairly than new development, stated BRE’s US Director of Operations Breana Wheeler in a ready assertion.
Multi-level sustainability strategy
Assessments for present buildings require corporations to judge inside and exterior impacts whereas making sustainable choices. In pursuing BREEAM certification for its belongings, Macerich stated it aimed to make sure that a complete and considerate multi-level evaluation was carried out throughout certification, in keeping with this strategy.
Macerich turned the primary group within the U.S. to certify an asset underneath BREEAM in 2016 and is dedicated to attaining carbon neutrality by 2030 by means of measures just like the implementation of drought-resistant landscaping, utilizing low-flow fixtures and monitoring expertise to attenuate waste and protect freshwater sources. Moreover, the corporate goals to ascertain zero on-mall waste operations by decreasing landfill waste and inspiring tenants to embrace sustainability practices.
