VGP Portfolio CRREM Risk Assessment Tool

FY 2021 Summary Reference Data

  Standing portfolio
(Own & Joint Ventures)
Under Construction1
(Own & Joint Ventures)
Completed during reporting period
(own & Joint Ventures)
Electricity consumption per Area
(KWh / m2)
Fuel consumption per Area
(KWh / m2)2
Water consumption per Area
(m3 / m2)
Property occupational use (GRESB) Number of Assets Gross Floor Area (m2) Number of Assets Gross Floor Area (m2) Number of Assets Gross Floor Area (m2) Average Median Average Median Average Median
Industrial: Distribution Warehouse 104 2,253,115     24 631,000   31.2 20.3   27.3 20.0      
Industrial: Manufacturing 31 480,887           159.9 96.8   113.1 43.1      
Retail: Retail Centers: Warehouse 13 315,923     1 8,500   76.6 65.7   19.1 23.2      
Office: Corporate: Low-Rise Office 1 6,679           25.2  25.2                -                -        
Other: Parking (Indoors) 2 35,328     1 12,500            -               -                  -                -        
Total 151 3,091,932 50 1,478,000 26 652,000   69.0 27.0   52.8 28.0   0.109 0.06

1) to be allocated upon completion based on tenant occupational use

2) All new builds (as of March 2022) will be realized without gas sourced heating systems where feasible

Source: VGP, 8 July 2022

VGP extrapolates known data for the reporting year to ensure 100% meter completeness and provide a more accurate carbon intensity figure. Due to current data collection processes it is not always possible to collect a full 12 months of data from all the tenants and estimation is required using extrapolation techniques. The 2020 and 2021 datasets do not contain the same properties. The 2021 intensity has decreased due to the data gathering process capturing new buildings based on occupation use (with manufacturing and cooling (retail) warehouses being reported as a separate category).

Data coverage is 58% for electricity, 35% for fuel and 77% for water.

Energy consumption data has been quality reviewed as well as carbon emissions calculations presented below have been third-party validated by CO2Logic based on GHG protocol and compliant ISO 14064.