While achieving our goal to be net positive will still be a challenge, our efforts remain focused and consistent and we believe we are on track to make it a reality.
In the past twelve months, Mirvac have achieved some amazing results against the Re-Imagining Resources commitments including:
- achieving a 3 Green Star - Performance Portfolio rating across 41 of our assets
- 20% reduction in carbon intensity (like-for-like)
- almost tripling the output of our rainwater system at 275 Kent Street in Sydney through the implementation of an optimisation strategy: and
- increasing the recycling rate in our investment division from 45 to 60 per cent.
Carbon Intensity Update
With a cleaner grid and significant investment in energy efficiency, we were pleased to achieve our carbon intensity reduction commitment of 20 per cent this year, ahead of our 2018 target.
As we continually dispose of and acquire assets, our investment portfolio changes, so we will need to continue to monitor our progress to ensure we maintain both our carbon and water intensity reduction targets up to the final due date in 2018.
Moving to Zero Waste
When it comes to managing waste, there are six key strategies we use: avoid, reuse, recycle, recover, treat and dispose.
In 2016, we continued to do well on all fronts, making some strategic decisions that have already had far-reaching impacts. Our investment waste recycling rate of 60 per cent surpassed the teams' 2016 target of 55 per cent, which means we are well on track for delivering on our 2018 commitment to recycle 75 per cent of waste.