St. Enoch Centre achieves Carbon Trust Standard

November 15, 2010

St. Enoch Centre, a shopping centre owned and managed by Ivanhoe Cambridge, has been awarded the Carbon Trust Standard after substantially reducing its carbon footprint over the last three years.

St. Enoch received the Carbon Trust Standard, a nationally-recognized certification in Great Britain, after an on-site audit and further external verifications revealed the Centre’s carbon footprint had been reduced by over 500 tons since 2007.
 
The Carbon Trust Standard measures corporate carbon emissions and verifies reduced carbon output over a three year period. It was developed by the Carbon Trust in 2007 to encourage good practice in carbon measurement, management and reduction by businesses and public sector organizations.
 
St. Enoch’s carbon reduction is equivalent to a 6% saving in energy and costs and the Centre’s electricity provider has offered St. Enoch a green tariff electricity contract based on its dedication to the environment.
 
The award is part of St. Enoch’s commitment to carbon reduction which also includes the training of ‘Best Green Ambassadors’ to help champion energy conservation within the Centre.
 
Earlier this year the Centre received a prestigious award for its commitment to the environment when its innovative green action plan dealing with issues such as waste, water and energy management won a Green Heroes 2010 Wall Shield.
 
“This is a great achievement for St. Enoch and underlines our commitment to both the community and the environment. We have had a fantastic year and our £110M transformation has proven very popular with shoppers. However, it is very important to balance the Centre’s growth with reducing its carbon footprint. We are delighted to have been awarded the Carbon Trust Standard and will continue to build upon the great work which has been done by boosting our green credentials and focusing on reducing our carbon footprint even further in the future,” said Susan Nicol, General Manager of St. Enoch Centre.
 
About St. Enoch Centre
St. Enoch Centre, a property owned and managed by Ivanhoe Cambridge, is located in Glasgow's busy city centre, one of the UK's top shopping destinations outside London.
 
The first of its kind in Scotland, St. Enoch Centre was officially opened in 1989 and has since become one of the city's favourite shopping destinations, much loved by the people of Glasgow and beyond.
 
With a fantastic selection of leading high street brands and Scotland's largest food court under one roof, St. Enoch Centre is the perfect place to shop for all the family.  The centre offers a host of popular retailers including Debenhams, Dorothy Perkins, Boots, Bhs, Disney Store and Burtons; and all the latest looks at Quiz, Garage Shoes, Colors and D2. In addition, the centre is home to a bright and modern food court, offering an array of food options including DiMaggios, McDonalds and KFC and also benefits from nearly 1,000 car parking spaces right in the heart of the city centre.
 
About Ivanhoe Cambridge
Ivanhoe Cambridge is a pre-eminent Canadian-based global property owner, manager, developer and investor, focusing on high-quality shopping centres located in urban areas. Beyond its strong Canada-wide presence, the Company is also active elsewhere in North America, Latin America, Europe and Asia, where it owns a number of properties either by itself or through joint ventures with prominent real estate partners. Abroad, Ivanhoe Cambridge also holds interests in several shopping centre development and management companies and maintains offices in Europe, Latin America and Asia.
 
Its real estate portfolio consists of more than 50 million square feet (4.6 million square metres) of retail space and includes 80 regional and super-regional shopping centres. As at December 31, 2009, the market value of Ivanhoe Cambridge’s assets reached CAD $12.8 billion.
 
Headquartered in Montreal, Quebec, Canada, Ivanhoe Cambridge is a principal real estate subsidiary of the Caisse de dépôt et placement du Québec, one of Canada’s institutional fund managers. Amongst its shareholders, the Company also counts four prominent Canadian pension funds.