RDC Properties eyes green projects
RDC Properties Group Chairperson, Guido Giachetti said the group is evaluating investment opportunities in assets within the green economy as this is a sector in which it would like to increase its footprint by implementing the Environment, Social and Governance ( ESG) goals. e group plans to reduce environmental impact by focusing on energy e ciency with 20 percent of its portfolio having achieved green star rating, generating energy with the support of solar on 14 percent of its portfolio as well and water consumption monitoring. The group analysis of the portfolio forecasts an annual saving in energy costs of P3 million.
RDC Properties group announced that its portfolio outlook for 2024 remains positive, with the easing of in ation and uptick in demand across all sectors. Giachetti said the company has embedded the ESG into its business strategy. “e ESG Committee has been reviewing and engaging management in the creation of an ESG strategy. This process is a good starting point and will have a major impact on the business in the future.”
In his comment on the Company’s 2023 annual report, Giachetti stated that the groundwork has been laid to measure and reduce the portfolio’s carbon footprint. “Aside from the existing solar assets, a portfolio wide study has identified properties with the greatest potential for return on investment, and RDC’s 1st Power Purchase Agreement was recently concluded, paving the way to introducing clean energy at scale and at a reduced cost.” RDC Properties Group ESG Committee Chairperson, Federica Giachetti said together with sustainable solutions experts, Amethyst Solutions, Management has created an ESG roadmap, which includes the roll out of smart metering, energy performance compliance, carbon footprint analysis, identi cation of renewable energy projects and the ongoing review of ndings and setting of targets. “Properties have been analysed for suitability for the installation of grid- tiered solar PV systems to o set on- site energy consumption. e systems will be designed, procured, installed and operated pursuant to signature of Purchase Power Agreements, the rst agreement having been signed for the Westlake Shopping Centre redevelopment in Cape Town.”