Home » Vicinity delivers on largest NABERS-rated retail portfolio in Australia
Industry News

Vicinity delivers on largest NABERS-rated retail portfolio in Australia

Vicinity Centres (Vicinity) continues to deliver on its sustainability strategy, achieving significant improvements in the 2021 NABERS Sustainable Portfolios Index (SPI), across Australia’s largest rated retail portfolio.
The NABERS SPI is Australia’s first publicly available index showcasing the proven environmental performance of the top 43 building portfolios and funds across the country and Vicinity was again recognised as a top 10 organisation, achieving a 4.4 stars NABERS Energy rating, up from 3.9 stars in 2019.

Vicinity has committed to Australia’s largest solar energy program

“Vicinity is delivering on its sustainability strategy, utilising solar, water efficiency and waste reduction to deliver consistent year-on-year improvements, and take another step closer to our target commitment of Net Zero carbon emissions by 20301,” said Meredith Banks, Vicinity’s Head of Sustainability.

Underlining Vicinity’s accomplishments, in just five years, it has gone from achieving 3.4 stars NABERS Energy rating for just 56% of its portfolio to achieving 4.4 stars NABERS Energy rating for 91% of its portfolio.

“The recent NABERS SPI findings further endorses our ongoing mission to implement positive and proactive environmental practices, important to our communities, investors and the environment,” she said.

Spearheading this accomplishment was Vicinity’s solar program that helped deliver 6 Star ratings across six centres including Roxburgh Village (VIC), Castle Plaza (SA), Taigum Square (QLD), Livingston Marketplace (WA), Kurralta Central (SA) and Elizabeth City Centre (SA).

Grant Kelley (left), CEO and Managing Director launching Vicinity’s solar program two years ago
With 52 centres eligible for ratings, 91% of which received a rating in 2020, Vicinity has the largest rated retail portfolio participating in the SPI, almost double that of the second largest portfolio, demonstrating an organisation-wide commitment to delivering a sustainable portfolio at scale.
Now in its third edition, NABERS SPI is globally unique in that it provides a public, whole portfolio view of actual performance in terms of emissions, water usage, waste and indoor environment quality. It also tracks progress over time. Vicinity will continue to support and participate in NABERS SPI.
1 For Vicinity’s wholly-owned retail assets. Consistent with global carbon measure statements, this applies to common mall areas.

About the author

Avatar photo

Shopping Centre News

Shopping Centre News (SCN) is in the ‘information business’, and is perceived as such by its readers. Daily industry news makes shoppingcentrenews.com.au a must-visit as part of the morning routine for those who want to keep right across the latest retail developments and events, while SCN's premium magazine is the leading publication for the shopping centre industry in Australia and New Zealand.

Known as the ‘industry bible’ SCN is printed five times a year with fascinating, in-depth features and important critical analysis written by known industry insiders as well as the popular ‘Guns’ reports, which ranks Australian shopping centre performances. Shopping Centre News is the only publication in the world that features centre statistics on Turnover, Turnover per square metre and Specialty Shop turnover per square metre for every major centre in Australia.

Add Comment

Click here to post a comment

Advertisement