Enviromental

Introduction

The Board of Putprop accepts overall responsibility for the implementation of policies and the advancement of sustainable development within the Group.

Managing and, where possible, reducing the environmental footprint of our properties, as well as monitoring our carbon footprint, are recognised as paramount. In addition, the health and safety of our workforce, as well as considering the safety of our tenants’ workforce, are important strategic objectives of Putprop. The implementation and management of this objective will by necessity have to occur with the active support and input of our tenant base.

Energy Efficient Initiatives

To make informed energy efficient decisions linked to effective implementation, we need to evaluate the most practical and cost effective means to manage our utilities.

The following initiatives are planned:

•   An energy efficient programme that will focus on and monitor energy spend

    and its efficiency. We have initiated programmes to introduce

    more efficient light fittings and globes in all future refurbishments

    undertaken. Consideration is given to the fitting of energy efficient

    lighting,as well as the implementation of metal halide lamps in lieu of

    fluorescent lighting. This in many instances results in greater levels of

    illumination with greater energy efficiency. With the current cost structure of

    electricity supply in South Africa, this programme can have

    financial benefit for our portfolio as well as our tenants.

•   A water conservation and management programme. The programme will

    monitor the consumption of water to highlight variations in

    consumption, enabling early detection of water wastage and system defects.

    All new refurbishings carried out are using low flushing

    mechanisms. New initiatives will be investigated, together with our tenants

    and local suppliers, to reduce consumption where practical.

•   Climate change. In pursuing our financial activities and objectives, we

    believe we have a responsibility to make a contribution to reducing

    our carbon footprint and thus slow down climate change.

•   A utility audit in respect of water and  energy consumption is essential. This

    necessitates, by implication, that this is an on-going process.

    As a result, we intend to audit all our properties in the course of the next
      12 - 24 months with a view to determine which properties, if any, are in

    need of remedial action, and then to determine the appropriate response.

Occupational Health And  Safety Act

The Group believes that it must assume responsibility to ensure that all its properties comply with the Occupational Health and Safety Act requirements.

It was noted in the previous annual report that  the services of a specialised health and safety consultant would be considered in order to review our properties and  ensure they  meet the standard of compliance required by the various legislation. This review has been delayed and will only be instituted and completed before June 2015.

© 2014 Putprop Limited