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Liberty Holdings

Electricity and water consumption

Provide responsible financial services

Carbon disclosure project

In 2016, we once again participated in the Carbon Disclosure Project (CDP), achieving a performance band C (2015: E). While we have made significant progress on our 2015 results, we take cognisance of the challenge areas identified and remain focused on improving our performance by enhancing our reporting on our risks and opportunities. We believe our investment into our new web-based analytics tool will enhance our reporting and strategic decision making going forward.

Minimising electricity consumption

It is important for Liberty to be a responsible user of electricity, especially in South Africa where the electricity grid has been under pressure. Furthermore, being an efficient energy user will assist us in reducing our carbon footprint that not only benefits us but will benefit our stakeholders and the planet. Liberty’s operational sustainability team has been tasked with reducing Liberty’s impact on the environment and has already implemented a number of energy saving initiatives, such as trialling an energy efficiency solution on one of our chillers . This solution will be rolled out if successful and will result in less electricity being used in cooling our buildings and shopping centres. 2016 has also seen operational sustainability focus on our electricity data from 2015 to date to ensure we further our goals for better data collection and provision for the entire portfolio. Carbon emissions related to electricity consumption attributed to Liberty tenants at shopping centres and offices amounted to 209 749 tCO2e for 2016.

Reducing water consumption

Water consumption at Liberty-owned and-occupied buildings, including STANLIB Melrose Arch, increased by 10,20%. Water consumption across the full property portfolio reduced by 10,30%. We realised most of our water savings at our shopping centers, where we implemented water saving initiatives, such as grey water use.

We have addressed potential water supply risks at our Braamfontein head office, Century City and Umhlanga regional offices as well as at the Midlands Mall with increased water storage as well as grey water and rainwater projects having been planned, procured and/ or implemented in the year. To increase awareness of the current water crisis in South Africa, we conducted an awareness campaign targeting employees at our head offices. To reduce the use of plastic water bottles, we provided reusable glass water bottles to employees along with a pamphlet on how to save water (see extracts on the next page). In South Africa, 6 200 employees were reached across four major buildings and three regions. We also hosted an awareness drive at our two largest branches and ran a competition during the year to get water savings ideas and received over 80 ideas on how to better manage water at Liberty from our employees. These received ideas have been reviewed and implemented where possible.

Provide responsible financial services

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