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Insights

Australian-first sustainable retail portfolio

Shopping centres capture benefits of buying clean energy 

Australian shopping centres have substantial energy needs, with large enclosed malls and retail areas requiring year-round heating and air-conditioning. At the same time the large physical footprint of these centres makes them suitable for a broad range of environmental initiatives that can deliver energy efficiency and cut emissions. 

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Clean energy and Australia’s retail property sector

June 2019

How can Australia’s retail property sector tap into clean energy to become more sustainable? This report gives some practical insights, drawing on the work of the CEFC and the Queensland Investment Corporation. 

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Our investment

QIC is one of Australia’s largest institutional fund managers. With a portfolio of more than one million square meters of gross lettable area in Australia, its Shopping Centre Fund presents a significant opportunity to demonstrate the benefits of large-scale energy efficiency.

The investment is supporting energy efficiency improvements in shopping centres in Queensland, Victoria, New South Wales and the ACT, and strengthened sustainability and ESG initiatives within the capital management strategy of the Shopping Centre Fund, including managing energy risk across the retail property portfolio.

Australian shopping centres account for 36 per cent of commercial building energy consumption are a relatively untapped opportunity to transform energy use and reduce carbon emissions. Through this investment, we are demonstrating how energy efficiency technologies and renewable energy sources like solar can make a difference in leading Australia towards net zero carbon buildings.
Last updated June 2019. Property, Investment Insights
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