M&S lauches ‘green’ property clauses | 11 March 2013
Marks & Spencer is to include a sustainability green clause in its property leases, fm-world.co.uk reports.
Revealed at this weeks’ Ecobuild exhibition, the high street retailer said that leases for all new stores would incorporate a ‘green clause’ as standard to help both landlords and tenants to ‘better manage the buildings’ environmental performance’. Additionally, 70 clauses will be ‘retro fit’ into existing leases.
The clause forms part of M&S’s Plan A strategy, which commits to reducing energy usage by a third by 2015, applying to stores, offices and warehouses combined. To date, the brand has achieved a 28 per cent reduction.
The retailer said that the move should make it easier for the collation of energy consumption data between landlords – usually shopping centre management – and the incumbent M&S staff, enabling them to work together in decreasing gas, water and electricity usage. It is hoped that other companies will follow suit.
M&S is taking its ‘eco’ role seriously, becoming a sponsor of ‘Pinpoint’, a new online service launched by the UK Green Building Council. The site comprises hundreds of resources to help industry professionals to ’embrace sustainability best practices’, according to businessgreen.com.
M&S director of property, Clem Constantine told greenbuildnews: “Currently it can be difficult for landlords and tenants to work together when it comes to a building’s performance, particularly for older leases. Green leasing changes this situation as it provides the framework within which both can work together.
“And both will benefit, a store with a reduced environmental impact and lower costs is more marketable for landlords and more cost efficient for tenants to occupy – a genuine win, win.”
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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