Invest in a Better Tomorrow
Where we fulfill our everyday life needs should be a healthy place. A place that is good for a better everyday life, business and the environment. That’s why, to support LifeCentral, we’ve put in place a new Corporate Social Responsibility (CSR) program for 2030. We want our Full Service Centers to be low-carbon and less wasteful. We also want to bring positive socio-economic benefits to local communities. Sustainability, we believe, is crucial to attracting customers to our centers.
We’ve called our program A Better Tomorrow. It’s based on three main areas – each with clear ambitions:
- We’ll have all common areas operate at net zero carbon by 2030
- We’ll reduce waste and use more circular solutions
- We’ll also help tenants and visitors to reduce their own waste and carbon leading to a net zero value chain by 2050
- We’ll strengthen our buildings’ resilience to climate risk
- We’ll help protect urban wildlife living close to our centers
- We’ll make sure our centers are safe and pleasant places to be and work
- We’ll help employees thrive both personally and professionally
- We’ll make a positive social impact in local communities.
In each of these areas, we’ve set clear targets for the next ten years. We have also aligned A Better Tomorrow with 6 of the UN’s 2030 Sustainable Development Goals.
We see sustainability as part of our ‘value proposition’ to retailers. Many of our tenants are already introducing more sustainable working practices – reducing waste going to landfill, for example, or phasing out single-use plastics.
Green Financing Framework
On 23th April 2020 Wereldhave launched their Green Financing Framework and secures new funding.
Dennis de Vreede, CFO of Wereldhave: “Sustainability has been integrated in Wereldhave’s operations for years. With the energy transition ahead of us and our commitment to the Science-Based Targets initiative recently, this Green Financing Framework now allows us to integrate our financial structure with sustainability. The newly established Green Revolving Financing Facility immediately reflects how we can improve our financial structure within a sustainable context.”
Go to 'Green Finance Framework' for more information >
Sustainable Supplier Code
The Sustainable Supplier Code defines standards for safe and healthy working conditions and environmental responsibility throughout our supply chain. It addresses human and labor rights, health & safety, corruption and environmental issues. The Code is based on the Ten Principles of the UN Global Compact, BREEAM-In-Use requirements, and the International Labor Organization (ILO) conventions. Requirements in this Code apply to the whole supply chain. We monitor implementation as part of our day-to-day interactions and regular evaluations with suppliers.
Go to 'Sustainable Supplier Code' >
To help measure progress, we use three independent benchmarks: CDP (formerly, the Carbon Disclosure Project), Global Real Estate Sustainability Benchmark (GRESB) and Building Research Establishment Assessment Method (BREEAM).
- GRESB: We score 91 on the GRESB rating. We’ve shown steady improvement over recent years. By 2025, our aim is to maintain our top 20% of GRESB reporting companies.
- CDP Climate Change: Currently, Wereldhave has a C rating. Our goal, by 2025, is to improve that to at least A-.
- BREEAM: BREEAM-in-use is the most used building certification in Europe. Our goal is to have all enclosed full service centres certified at ‘Very Good’ level.