A view from our Chief Executive, Amelia Beattie
We introduce IMPACT, our ESG value proposition.
The factors of ESG are not new to our business, evidenced in our market leading initiatives and focus on achieving operational efficiencies. IMPACT allows us to package these factors under one umbrella offering to ensure efficient reporting. IMPACT is also our commitment to quality, business growth and sustainability, while creating shared value for all our stakeholders.
Click here to view our IMPACT value proposition
As Liberty Two Degrees, we have been proactive about disclosure, particularly in relation to environmental, social and governance (ESG) indicators since listing.
The real estate industry is ever evolving and in a place of uncertainty. Despite the disruption caused by the pandemic, it is the opportunities that we have identified in these conditions that propel us forward. Quality is familiar territory for our business and our commitment to quality, which predates the pandemic, has seen us navigate the current crisis and remain future ready.
Through IMPACT, we understand that ESG continues to redefine the role of our company in society. We acknowledge the value of addressing ESG concerns that are material to our company as part of our business practices and in our endeavour to achieving operational excellence. We believe, in line with growing evidence, that ESG factors contribute to long-term sustainable financial performance. A careful consideration is therefore given to our ESG business strategy, risk management, compliance and performance to ensure that we are able to deliver long-term value for the organisation as well as our stakeholders. IMPACT is supported by an effective board oversight, a key imperative in strategically identifying any ESG related issues and monitoring performance against goals set.
We have developed a purposeful culture to driving our ESG efforts and we have aligned our vision and purpose accordingly. We believe IMPACT reinforces our competitive advantage.
We have developed and continue to develop capacity around IMPACT as a priority and a key driver to value creation.
Key ways in which we have integrated IMPACT into our strategic processes include:
- Policies and risk management systems incorporate ESG components
- Board oversight to ESG practices, with effective measurement tools and risk indicators
- Integration into strategic planning
- Deliberate and purposeful pursuing of initiatives and services that consider an ESG impact
- Ensure strict ESG requirements are met by suppliers in all operations
- Leveraging of internal and external ESG practices to ensure alignment and that L2D People live the company’s ESG practices
We aim to continue driving our leadership role in environmental sustainability matters in line with our market leading Good Spaces initiatives as certified by the Green Building Council of South Africa. In the matters of social sustainability, focus remains on supporting our passionate people to drive execution excellence in line with our values of Passion Accountability, Care and Excellence (PACE). We embrace our role in society as an active contributor to building thriving communities, ensuring our contribution is meaningful and sustainable. We are committed to positive transformation and economic development, offering impactful solutions that make a difference in the lives of the SMEs we support and the lives we impact. L2D is fully committed to the application of and compliance to the highest ethical standards. Our governance practices aim to build legitimacy through ethical leadership, reputation management and the adoption of an inclusive approach to business.
I am confident in the future for L2D.
Chief Executive, Liberty Two Degrees
“Congratulations to Liberty Two Degrees on the tremendous green accomplishments across their portfolio. Achieving Green Star Existing Building Performance ratings (EBP) at all of the company’s assets shows a true commitment to sustainability. These recently-rated iconic spaces are not only household names within their communities, they attract global attention and are a great showcase of the benefits of greener retail.
“At the GBCSA, we are particularly excited about what has been achieved at the Sandton City precinct. A 6-Star rating is a triumph to be celebrated. EBP ensures that buildings are not only well-built, but are continually functioning as efficient, healthier green spaces. It’s fitting that this world-class destination should achieve a world leadership rating and we hope the tenants and visitors to the precinct feel the benefits of this.”
L2D has successfully collaborated with the GBCSA on the certification towards a greener future. L2D’s achievement of green star ratings on the entire retail portfolio is to be commended.
SAPOA is proud to be associated with L2D as they have a culture committed to innovative thinking and making a difference. Their ability to create and forge sustainable solutions for the greater benefit of society as a whole is to be applauded.
Their retail portfolio now comprises of buildings that are energy efficient and sustainable. L2D have successfully demonstrated that importance of sustainable development principles, which they have incorporated into the wider process of design, construction and performance of their buildings.
We are proud of L2D’s innovative work, their efforts in environmental sustainability and energy efficiency, which was achieved during a highly challenging year for the whole property industry.
“As an industry body, we recognise excellence and distinction in shopping centres. Companies innovate customer experience through the discovery of opportunities, an understanding of constraints and by differentiating from competitors.
Seeking to improve customer experience using the sustainability lens makes L2D one of the most innovative and responsible shopping centre owners. We therefore applaud L2D for this achievement, we recognise L2D as a point of differentiation and their ongoing efforts to achieve unprecedented levels of ecological balance and a well-rounded responsible experiential offering for their tenants, shoppers and service providers”.