2016 Corporate Responsibility Report
2016 was a busy but exciting year for Hammerson as a whole and particularly for the Sustainability Team. The two major shopping centre developments delivered by the UK developments team are both on track to deliver BREEAM Excellent ratings and equally importantly achieved outstanding socio-economic outcomes for their local communities. Electricity consumption has fallen by 7% and carbon emissions by 15% across our like-for-like UK Shopping Centre portfolio. When we factor in the effect of having clean electricity contracts across the UK and Irish assets the reduction in carbon emissions is even more dramatic. Details of the projects that have delivered these changes are set out in our full Corporate Responsibility Report 2016.
We are pleased with the progress made against our sustainability targets during 2016. We set ambitious five-year targets for our environmental and socio-economic performance at the end of 2015 and annual targets for 2016.
Below we indicate how we performed against key targets for 2016. For the full outline of how we performed against these key targets, in areas spanning from carbon emission reduction through to community investment, see our full Corporate Responsibility Report 2016.