Our Approach to Environmental, Social and Governance (ESG) considerations For Peel L&P, sustainability means delivering benefits to communities Realising and the environment in everything we do. We see possibility and we deliver transformation.

Our ambitions are for a more prosperous, Possibility sustainable future for all; where people and places are matched with the opportunity to be the very best they can be.

In the current context of the Covid-19 pandemic and the burgeoning climate and biodiversity emergencies, we

The Vic, recognise the responsibility of private MediaCityUK sector organisations to be open and transparent about the impact of their activities on society and the environment.

In this document, we will show you how we take ESG matters seriously by outlining our track record on Retail Park Quays Waters Wirral Waters sustainability, our current position on ESG and how we are embedding corporate responsibility into our business activities. Peel L&P at a glance

Our legacy matters. We take As a part of the Peel Group; we are integral to great pride in the outcomes a business that strives to make a positive impact Peel L&P is an agile and we achieve, the people we on people’s lives. ambitious business with work with, the way we go Our specialist teams have a proven track record in a legacy of success for a about our business and the delivering high-quality, legacy projects across land, long-term, sustainable future. property, water and airspace. This includes airports, transformational projects hotels, waterways, media hubs, event spaces, we deliver. leisure facilities, retail, workspaces, residential We see possibility. development, industrial & logistical space, public realm, historic gardens and the We deliver transformation. We are an ambitious regeneration renewable energy sector. business with generations of history, heritage and expertise in our DNA. It is our ambition to help communities First established in 1971, Peel L&P is to Build Back Better from COVID-19 by now responsible for some of the most encouraging our businesses, residents transformational development projects and visitors to make long-lasting in the UK today. behaviour changes that support a green economic recovery for the north west. Owning and managing 12 million sq ft of property and 20,000 acres of land and 12m sq ft 20,000 £2.6 bn water, our holdings are concentrated in the property/built estate acres of land gross assets northwest of England but we also own and manage significant assets throughout the UK with a total portfolio value of £2.6 billion. Awards & affiliations

1st

The first developer to achieve the BREEAM communities standard at MediaCityUK in 2011

The first major property com- pany to achieve the energy management standard ISO 50001 in 2015 Environmental, Social & Governance (ESG) considerations erna Gov nce Globally, the importance of human rights Environmental, social, to society is growing, demonstrating and governance (ESG) resilience to climate change is on the nvironment rise and employees increasingly expect E factors are an increasingly companies to state their purpose and popular way for investors to address social and environmental challenges. y & Econ evaluate companies in which iet om c y they might want to invest. At Peel L&P, we see ESG reporting as the So tip of the iceberg. It is the action we are taking and the plans we have in place to s & reduce our risks and make our business fit ight Soc R ia for the future that is most important to us. n l V a a m l u u Here we highlight a range of activities we e H are undertaking and a list of Frequently s Asked Questions, including our response to the Covid-19 pandemic, to address the ESG queries of all our stakeholders, including investors, tenants, clients, contractors and partner organisations. Peel Group John Whittaker Peel L&P Supervisory Chairman Board The Peel Group on governance

Peel Group Steven Underwood At Peel L&P we recognise the responsibility Supervisory Chief Executive we hold as a leader in regeneration projects, Board The Peel Group and we understand that this responsibility starts with a governance structure that

Mark Whittaker Miles Kitcher involves our Executive and Steven Underwood James Whittaker Executive Director Executive Director Chief Executive Executive Director Property Investment Natural Resources Development Senior Leadership Teams. & Management & Energy Peel L&P Executive Our sustainability activities are reported quarterly by Leadership Team Board business unit to the Peel L&P Sustainability Board, Stephen Wild Phil Wilson which in turn reports quarterly to the Executive Executive Director Executive Director John Scholfield John Peter Whittaker Strategic Investment Land & Communities Finance Director Non Executive Leadership Team Board. & Growth & Northstone Director

The Peel L&P Sustainability Group and the Green Team both engage our practitioners in the delivery aspects of sustainability matters. A network of Sustainability Champions and Energy Champions ensure sustainability is embedded in everyday thinking. Peel L&P Joanne Holden Peel L&P SUSTAINABILITY Sustainability Sustainability Director Please see our Frequently Asked Questions for business units REPORTING Board Peel L&P more information relating to governance.

Peel L&P Sustainability Group

Peel L&P Green Team Peel L&P’s

Sustainability  Engage with local people to understand Develop highly the needs of existing sustainable and Principles and future communities smart built environments To encourage the creation Create opportunities of highly sustainable, for people to 2 3 future-proofed destinations, lead better, more prosperous lives we have developed 7 Sustainability Principles for our business units and 1 Strive to put more partners to seek to deliver back into the in our development schemes. natural environment than is taken out By setting a consistent approach across our developments and measuring progress, we can ensure our activities deliver liveability for whole communities, more sustainable individual sites   Support the and long-term custodianship. 5 health and Each of our business units reports to its Board wellbeing of on progress against the 7 Sustainability Principles. 6communities Embrace a low by creating carbon energy  Promote sustainable beautiful, strategy options functional and for all well-used green 4 7 public realm We conduct an annual Sustainability Survey to sense Sustainability Five 15 Five Year Targets

check our sustainability activities with our people Our 4 commitments are underpinned by 15 and publish the results in our internal Five Year Targets, each with their own publication Sustainability Update. Year Plan annual goals.

More people 12 Responsible Consumption People think the have heard of Our sustainability plan aims to help us meet the frequency of our ISO 50001 than & Production 91% sustainability last year current needs of our business and stakeholders of people think Sustainability is communications is important for Peel L&P’s success at about the right level whilst keeping ahead of key trends to ensure we 1. 15% reduction in energy use as an organisation 2. Zero waste to landfill (6% increase on last year) future-proof our activities. 3. 20% increase in recycled waste 4. 20% reduction in water use 5. Provide public access to free drinking water at our sites of respondents said 4 United Nations Sustainable Development Goal (UN 6. Suppliers to meet our minimum it is important for standards on Corporate Social Peel L&P’s buildings SDG) Commitments Responsibility/Sustainability to be Net Zero Carbon 7. Identify unnecessary single-use plastics across our business and 93% The 17 UN SDGs underpin our ambition to embed replace with more sustainable sustainability into our placemaking activities. We have alternatives OVER 8. Increase the number of electric prioritised the 4 that are most relevant to our business vehicles in the Peel fleet activities and recognise they can only be achieved by 9. Seek employee opinion on our 74% 60% office sustainability through an of people read the last issue of working in partnership with our stakeholders. of our people know about our Sustainability Update annual Sustainability Survey Sustainability Five Year Plan, launched in August 2019 11 Sustainable Cities & Communities 1. We will continually improve the sustainability of our existing assets 10. All our new commercial buildings will be Almost a third of BREEAM ‘Very Good’ or ‘Excellent’ where people correctly named relevant the four Sustainable 11. Report progress towards creating 150 acres Development Goals 2.  We will support the development of of public realm at our Strategic Waters sites (SDGs) most relevant to Peel L&P: SDG 11: sustainable low-carbon communities Sustainable Cities and Communities 8 Decent Work & Economic Growth is the most widely recognised goal

12. Help 200 people get into work by facilitating 3.  We will create new training, employment apprenticeship opportunities at our sites and local business opportunities through 13. Produce a 5 Year CSR Report 14. Encourage 80 million visitors to our sites, A full copy of our our regeneration activities to support the local economy sustainability plan and accompanying video 15 Life On Land is available on our 4.  We will help communities to connect website. with nature 15. Adopt natural capital accounting Transitioning to Net Zero Carbon emissions “Firms that align their business models to the transition to a net zero world will be rewarded handsomely. Those that fail to adapt will cease to exist.”

Mark Carney, TCFD Summit 2019 Energy 6 efficiency first We have achieved our 3% Overall reduction 18.6% 37 million energy reduction target (activity adjusted At Peel L&P we have operated the six years in a row (against various baselines) kWh saved ISO 50001 energy management system since 2015, which covers over 80% of our energy use. We reduced our carbon emissions by

We have six Energy Champions in place across the business and our energy management 13,764 tonnes software helps us to collect detailed data on Over 50,000 MWh equivalent to the amount of CO2 operational energy and carbon savings which of energy generated that 4,746 oak trees will absorb in allows us to monitor and target opportunities by our wind farms their 100-year lifetime for emissions reduction. in 2019-20 alone

In 2019-20:

39% (3,141 tCO e) 33% (9,985 MWh) 2 CO2 carbon emissions energy reduction reduction Case study: Energy efficiency In 2018-19 alone: and carbon reduction £115,000 at The Vic cost saving to the business One of L&P’s most iconic office buildings, The Vic, underwent a £9 million transformation to focus the 115,000 sq ft building and external 372 tCO e space on health and wellbeing, reduce carbon CO 2 emissions and to meet the needs of the modern 2 carbon emissions occupier. Over £1 million was dedicated to installing state-of-the-art energy saving equipment, being saved which now means The Vic’s energy use and carbon emissions have reduced by over sixty percent, contributing significantly to the building’s Net Zero Carbon status. Energy saving initiatives include: “It is a matter of pride for us that we • Integrating a Combined Heat and Power (CHP) would be operating from a Net Zero system capable of generating 16,000 kWh Carbon Building and it goes very well of electricity use per year.

with Tech Mahindra philosophy.” • Installing 4 heat recovery devices with the potential to annually recover over 50% of the building’s heat from the extracted air. The Vic operates an ISO 50001 certified energy Latif Abdul, Tech Mahindra management system • Fitting 17 high efficiency motors and Variable Speed Drives on the hot and chilled water distribution systems. Net Zero Carbon status

In January 2020, eleven of our The MediaCityUK neighbourhood has buildings became the first in the highest cluster of Net Zero Carbon the UK to be verified as Net Zero buildings in the UK. In working towards Net Zero Carbon emissions, we focus very Carbon using the UK Green Building much on energy efficiency in the first Council’s 2019 framework definition. instance and we have met our energy reduction target (3% activity-adjusted energy use, cumulatively from a 2013-14 In September 2020, six additional baseline) six years in a row. buildings at MCUK were also verified, Our Net Zero Carbon reports, available bringing the total number of assets on our website, show how much we have invested in energy efficiency for each in our Net Zero Carbon portfolio building over the last financial year and to seventeen. the subsequent cost savings we will make. Concurrent to energy efficiency projects, we are investigating on-site and off-site renewables and we have some projects in the pipeline. Peel L&P supports carbon literacy training We are also committed to carbon for all employees. offsetting with links to local communities whilst we take action to reduce our energy and move away from fossil fuel use. Our Verified Carbon Standard offsets are third party verified but, as we will confirm our Net Zero Carbon status every year for our operational buildings, offsetting will reduce over time. A Science-Based Target portfolio

We have recently set a • This target is based on the Committee on Climate Change analysis of the Science-Based Target Peel L&P’s Science-Based Target decarbonisation needed in UK for high energy use non-residential property to keep climate change below 1.5 °C, the more assets in our portfolio. To reduce our emissions ambitious of the international targets set intensity by 68% and our out in the Paris Agreement. A science-based target (SBT) is an energy or emissions reduction target energy use by 25% per square • By 2050, the buildings in Peel L&P’s SBT which is compatible with the level of metre in our offices by 1st April portfolio will achieve Net Zero emissions. decarbonisation needed to ensure that global warming does not exceed 2030 compared to the Best • To support decarbonisation, we will 2 °C. The rate of decarbonisation needed Practice Real Estate Energy endeavour to electrify our heating or is commonly referred to as a “pathway” connect our buildings to a zero carbon and will vary from sector to sector and Benchmark 2019 or, if a heat network by 2040. country to country. benchmark is not available, • We will actively support and encourage by comparison to the building’s policymakers to significantly increase own 2019-2020 energy use. their level of commitment in terms of renewable energy supply.

• We will work with tenants to help them reduce their carbon emissions.

• We commit to reporting annually on the performance of our offices against this target on our website peellandp.co.uk/responsibility. Voluntary interest in Climate resilience: climate-related financial and physical risks has grown Taskforce for exponentially in the last two years, with four fifths of the top Climate-related 1100 global companies now reporting against TCFD Financial Disclosure recommendations. With the real possibility of mandatory reporting in 2022, Peel L&P is starting a (TCFD) plans journey to better understand the physical and transition risks of climate change in relation to its assets. Our Climate Risk Assessment project is the first step towards developing an adaptation action plan that will ensure the resilience of our assets to climate change over the long term.

The methodology will be guided by ISO 14090 Adaptation to Climate Change and is broadly consistent with the requirements of TCFD, GRESB and the Adaptation Reporting Power of the UK Climate Change Act. The outcome of the project will be an understanding of climate change risk at a neighbourhood level and also at an asset level, with recommended adaptation actions that can be fed into asset management and investment programmes. The output will be in a format that can be used as the basis for our future climate-related disclosures. Peel L&P

SCIENCE-BASED L&P ASSET ISO 50001 NET ZERO CARBON sustainability TARGET White Tower √ √ √ Blue Tower √ √ √ standards Orange Tower √ √ √ The Studios √ √ √ MediaCityUK was the first Tomorrow √ √ √ MediaCityUK, Salford The Garage (MSCP) √ √ √ development in the UK to achieve Greater The Vic √ √ √ the BREEAM Communities standard The Alex √ √ √ in 2011, which has set the tone Quay West √ √ √ for sustainability considerations Digital World Centre √ √ √ across L&P’s estate, such as energy Quayside MCUK √ efficiency, recycling and sustainable , Venus √ √ √ transport. No.8 Princes Dock √ √ √ No.10 Princes Dock √ √ √ Princes Dock, Liverpool No.12 Princes Dock √ √ √ Princes Dock MSCP √ √ √

Gloucester Quays Outlet, Gloucester √

The first major property company The first developer to achieve to achieve the energy management the BREEAM communities standard ISO 50001 in 2015 standard at MediaCityUK in 2011 Natural capital’s role in

a Net Zero Carbon future In parallel to the TCFD, a Taskforce for Nature-related Financial Disclosure (TNFD) has even been mooted to help the private The role of natural assets and sector embed natural capital value into A natural capital assessment of L&P's 30-year corporate considerations. the ecosystem services they provide regeneration project, a five has never been more important as neighbourhood business and residential In 2017, Peel L&P undertook a pilot project development built on 60 hectares of reclaimed called Understanding Natural Capital in we transition to Net Zero Carbon and former dock land, demonstrated: Practice to learn more about the implications emissions and realise how green for our landholdings and future developments and to develop our own assessment and blue infrastructure can help methodology. Other natural capital cool our urban environment, Liverpool Waters achieves activities include: a net gain in ecosystem services sequester carbon and enhance • Assisting a University of the health and wellbeing of our Manchester PhD student project assessing the physical benefits to CO Carbon sequestration increases local residents, workers and visitors. 2 by 5 tonnes of CO e per year local residents of green infrastructure 2 and path improvements along the in Salford. Air quality regulation • Working with (PM2.5) improves by 0.03 tonnes per year students to map the green infrastructure of MCUK using GIS.

£34.4 million worth of additional • Commissioning a natural capital public benefits delivered assessment of 26 of our sites in annually, for example, through Greater Manchester. better physical health and wellbeing due to access to • Working collaboratively with green space local stakeholders from Merseyside to South Yorkshire to help commission regional natural capital baselines. Creating Social value stats 2019-20 social value for

In 2019 our employee-led communities We facilitated 0ver £640,000 Giving Something Back Team raised of cash donations Here at L&P, we believe in our mission to the creation of £65,000+ put more back into the communities we work in, to benefit local people’s lives. 1,885 homes (566 houses and 1,319 apartments Engaged in knowledge £89,000 of transfer visits with over Our Giving Something Back 1,500 people in-kind donations Team helps employees to dig deep to help locals in need through fundraising events and volunteering.

Carbon offsetting from our offices is Peel L&P staff volunteered helping to plant an 354 hours extra 4,737 trees of their time in the North West The importance of • We have a partnership with the University of Salford regarding jobs and skills and meet regularly to discuss opportunities for jobs and skills apprenticeships, placements and project work. In 2018 we were able to offer a University of Salford intern a Regular, meaningful encounters with permanent job and we have recently supported 9 apprentices and several employers is an absolutely vital part work placement students from various of preparing and inspiring young people establishments. for the world of work. • During the construction of MediaCityUK, working with our main • In partnership with Liverpool Waters, contractor, we ensured that 50% of the the City of Liverpool College has jobs created were taken up by Greater created the city’s first on-site Good Employment Charter Manchester residents and 12,862 construction hub, which aims to We have successfully gained membership of people received training as part of bridge the gap between training the Greater Manchester Good Employment the construction process. and employment in the construction Charter built on seven characteristics of good industry. This is one of 26 hubs employment launched and championed by the • At Wirral Waters, one of the UK’s across the country with access to Metro Mayor Andy Burnham. largest regeneration projects, the the Government’s £22 million development of Wirral Metropolitan Construction Skills Fund, the purpose Cornerstone Employer College provided an excellent of which is to help train 17,000 young model of collaboration and people to be job and site-ready. Based We are proud to have been asked to support partnership working. The College was at the Liverpool Waters development, young people in Greater Manchester by designed and built in conjunction college students find themselves in the becoming one of The Careers & Enterprise with the staff and over 300 students heart of Liverpool’s construction Company’s Cornerstone Employers. Becoming it would become home to. The site industry, in contact with construction a Cornerstone Employer provides us with the remains ideally placed to help shape businesses every day. opportunity to inspire young people to the future careers of students in the consider a future in our industry and to Construction Faculty, with the main develop the skills of our future workforce, partners and contractors of Wirral therefore building our talent pipeline. Waters all engaging to provide It provides volunteering opportunities for opportunities for enhanced our people and enables us to give back to education and training on our community and support the local economy. construction site preparation, design and sustainability issues. Case study: Pure Innovations

Our team at MCUK partners with Pure Innovations, a social impact charity established to support people who face challenges due to disability or health-related issues to create fulfilled, Stephania from Pure Innovations celebrates independent lives with a sense of completing her placement at MediaCityUK. purpose and belonging. Pure Innovations works with people across Greater Manchester assisting individuals to positively contribute and become valid members within their local communities. They provide a wide range of services promoting independence, all with the aim of raising aspirations, connecting with the community and improving health and wellbeing.

The MCUK team collaborates with local tenants and contractors to help people experience real work-life through internships in the safety of the MCUK environment. Through the internships, people have developed their skills and confidence, which has led to employment offers. • A team of L&P volunteers worked with the Lancashire Wildlife Trust to give biodiversity a boost at the Chat Moss We show we peat restoration site. Over 2,000 individual native plants were re-introduced to help restore the care through area to its former glory. • Over £5000 has been raised for City of Trees to plant 500 trees within volunteering Salford, contributing to the Northern Forest and leaving a legacy for future When it comes to volunteering and generations. fundraising we are not afraid to wear • Quayside MediaCityUK works hard to raise funds for the Francis House our hearts on our sleeves. We support Children’s Hospice which supports over numerous charities in the local area 2,000 local people at any one time with services including respite care, end and encourage L&P employees to get of life care and bereavement support. involved wherever they can. Their highlight of the year is the annual Festival of Trees auction which raises around £20,000 in one event alone. Looking after People stats 2019-20 our people

We believe being part of 83% of Peel L&P employees live the Peel L&P family means within 20 miles individual recognition is as or less from their place of work important as traditional reward.

Our teams benefit because these are rewards which are seen, heard and displayed across the business bringing our teams closer together around the 1,900 group. Once again, we are proud to have 29 new jobs been voted one of the country’s best hours employers in this year’s The Sunday Times of training were given were created Top 100 Best Companies To Work For to Peel L&P employees survey (Best 100 Mid Companies). We have by Peel L&P improved our position from 79th place to 58th place in the space of two years. 122 people

Other recognition initiatives include of our people the Golden Dome Corporate Social undertook a This year we have Responsibility Champion Award and free employed the MCUK Golden Gnome Award. health check 141 men 152 women Our Chairman and People Director also recognise individuals who have achieved a professional qualification by personally giving awards at the annual conference. Case study: Working Forward & Embracing Flexibility

We have made a pledge to We have a policy of enhancing our working as well as ad hoc requests being maternity and paternity leave and in agreed in departments without need for Working Forward, a project addition we support those on maternity formal requests to be submitted, showing coordinated by the Equality leave before, during and after leave with a our managers and directors are People Team buddy who works with them supportive of the need for flexibility. and Human Rights Commission, and the manager throughout, advises on to show our commitment to putting KIT days, return options, flexible working, We have also introduced the Embracing pay and generally offers support. We also Flexibility Strategy making it easier an end to pregnancy, maternity and discuss feeding as part of the return for all our people to apply for flexible paternity discrimination and discussions and have put in place working. We have de-formalised the arrangements to help our new mums process, educated our leaders and demonstrating our commitment express and store milk comfortably managers and informed the business. to closing the gender pay gap. during their return to work. We now have over 40% of our people working flexibly. We encourage our team members never to miss important events. We are a family and believe in the importance of those school plays, first days and assemblies. Time is usually agreed to be worked back and we believe the output is more important than presenteeism. The People Team along with management are working hard to encourage this culture and we have seen a significant rise in requests for flexible How are risk management have undertaken have been shared with our service partners and customers for them to systems and controls communicate throughout their Frequently responding during the businesses. crisis? How does Covid-19 affect Asked Throughout the period of lockdown, Peel L&P’s commitment to its the managed portfolio has remained 100% operational. Risk management and medium and long-term controls have been reviewed in line with sustainability targets and Questions Government guidance and any changes implemented. No area of the business aspirations? is identifying a particularly high risk and return to work processes are following The pandemic has had no effect on our Our response to the Government guidelines. commitments, and we have been able to Covid-19 pandemic make good progress during lockdown. However, Peel L&P’s Sustainability 5 Year What opportunities are Plan will be reviewed in light of the available to connect with pandemic and calls for a green economic What measures have Peel recovery, to ensure it remains relevant and L&P taken to prevent the wider society to ensure forward-thinking. spread of the virus? continued or enhanced loyalty from customers? Full risk assessments have been undertaken for all buildings and public Throughout the period of lockdown, areas across the business with the our management teams have remained control measures identified being in contact with occupiers and have also implemented as soon as possible. engaged with local authorities, the police, Across the whole portfolio and business transport organisations and other units Peel L&P has sought to comply with agencies. We have used every medium and follow the Government’s guidelines as available to us, website, email, signage, they have been amended. animations posted on digital screens, external wayfinding signage and social media campaigns and messaging to communicate to specific groups and to other key stakeholders. All measures we What targets do you have We also have an external agency to allow colleagues to confidentially report any Governance for increasing diversity ethics or compliance issues they are among board members? aware of. considerations Whilst we have not set an official target for How is management diversity among board members we are committed to ensuring equal evaluation and opportunity for all at Peel L&P. We are compensation aligned not obliged to report our gender pay gap, but we made the decision as a business with shareholders and to report to the board on this in the debt investors? annual review each year. We have also recently updated our eLearning on Management is set objectives at three Diversity and Inclusion and have levels to ensure alignment with published an equality and diversity shareholder and debt investors and they statement both internally and externally are appraised six-monthly in respect of to the organisation. these:

How does management • Group targets – are set in respect of the growth of the business and certain cash identify risk in ethics and generation targets. compliance? • Business Area targets – Managers We have a variety of policies in place which work in certain areas of the Peel L&P are communicated to all team members business, for example Retail Parks, and reviewed annually. Where possible Outlets or Liverpool Waters. They are eLearning supports these set targets for the area of the business policies also: in which they work, such as profitability, property sales targets and total • Anti-Fraud property return. • Anti-slavery and human trafficking • Anti-corruption & Bribery • Personal targets – in addition to • Anti-facilitation of tax evasion the above, Managers are also set a • Code of professional conduct maximum of 6 personal objectives. • Dignity at work • Whistle blowing How do you manage and How do you monitor Health Conduct & Labour standards prevent bribery, corruption, & Safety and Conduct & Peel L&P is compliant with the 2015 UK Modern Slavery Act as well as legislation money laundering or illegal Labour standards across pertaining to human rights (particularly activities in your suppliers, contractors, staff, child labour & forced labour legislation), employment law, working time directives, properties? Are there any tenants and third-party health & safety law, environment law, tax past issues we should be users? regulations and equality and anti-discrimination legislation. aware of, and how were these handled? Health & Safety In line with our Sustainability Five Year Plan, we are currently involved in a Peel L&P holds policies on: All contractors must be Safe Contractor sustainable procurement project to assess approved and required to have £10m PL levels of corporate responsibility within our • Anti-corruption and bribery insurance. Contractors are monitored on supplier base. Our five-year target is for • Anti-slavery and human trafficking site for their conduct by Peel L&P staff or all suppliers to meet Peel L&P’s • Anti-fraud other parties present in the buildings. minimum requirements on Corporate • Anti-facilitation of tax evasion Social Responsibility/Sustainability • Data privacy All employees receive H&S induction by 2024. • Whistle blowing training, receive a staff handbook and are required to complete an eLearning All major suppliers working within session. our managed portfolio are required to confirm that they comply with our Tenants are sent an annual reminder of policies. their legal obligations under H&S and fire legislation and are requested to send We have no influence over commercial copies of their risk assessments to us. occupiers. Third party users – all premises are We have not had any past issues. regularly checked for safety and have an annual H&S and fire risk assessment by an external consultant. What is the resilience of How do you manage the your organisation to reduction of water and Environmental extreme weather and waste in your organisation? social shocks? Please see the Peel L&P Sustainability Five Year Plan for our five year targets on water Peel L&P maintains a comprehensive and Social usage and waste management. Business Continuity Plan for all critical

business functions which is designed to ensure that disruption to business Water usage considerations operations is minimised following the occurrence of extreme weather, social In 2019, we introduced a 5% per annum shocks, a disaster or an emergency. water reduction target (absolute or What is the resilience of The plan also ensures safety of activity-based, cumulatively from a 2018 employees, protects company baseline). We initiated a water-saving your organisation to resources, and reassures our clients and programme and have started to use our changing environmental stakeholders that we have documented Carbon Desktop system to track water as the necessary actions and procedures well as energy. A number of water-saving legislation? to recover from an adverse event. projects have already been implemented, The resilience of our properties to extreme for example, installation of meters and We hold a comprehensive, bespoke weather is assessed periodically by our water saving technologies. Environmental Legal Register on a portal in-house building surveyor as part of his operated by the Waterman Group scheduled half yearly fabric https://legalregister.co.uk/. Monthly inspections and also by our on-site updates on legislation are received and resident engineers at larger developments. reviewed, with relevant information being A visual inspection is made following any cascaded by the Sustainability Team to extreme weather event as a matter of the Sustainability Board, Land & Property course. In the event of disruption to Sustainability Group, Facilities Management property, the tenant will contact our Group, ISO 50001 Energy Champions and in-house Asset or FM relevant colleagues in other teams. management team. An overall review of the Environmental Legal Register, including compliance Our forthcoming Climate Risk Assessment checks with business units, project will help to inform how we manage is conducted annually. extreme weather and social shocks in the future by conducting scenario analysis on a range of possible circumstances. Waste management

We have a target of sending zero waste to At MCUK we undertook a programme of We were the first developer to achieve landfill which was achieved in 2018/19 and Carbon Literacy where tenants were the BREEAM Communities standard at 2019/20. Last year, 38.47% was recycled invited to participate in two half-day MediaCityUK in 2011. dry waste, 58.10% was sent to make energy sessions designed to increase awareness and 3.43% was food waste either recycled on climate change issues and elicit Within our new Sustainability Five Year Plan or sent to make energy. participation in energy conservation both we have a commitment that “All our new in our buildings and in their personal lives. commercial buildings will be BREEAM ‘Very In 2019 we introduced a target of Good’ or ‘Excellent’ increasing recycled waste by 5% per In 2018/19 alone, over 630 people were where relevant.” annum (cumulatively from a 2018 engaged in charitable, cultural and health baseline) and we are committed to and wellbeing activities, everything from Our Sustainability Policy states we are identifying unnecessary single-use yoga to dragon boat racing, at our sites. committed to ‘achieving the highest plastics across our portfolio and replacing This does not include the millions of practicable BREEAM and EPC ratings them with more sustainable alternatives. residents, workers and visitors we host on our properties’. at the events on our sites every year, In 2019-20 we saw a 2.71% increase in attracted to activities such as music and Our Sustainable Construction Policy states the recycling rate across Peel L&P. cultural festivals, seasonal markets and we are committed to: In addition: sculpture tours. • Aiming to certify at Post Construction to • 324.6 tonnes of additional waste were Peel L&P is regarded as a leader amongst the highest practicable BREEAM, HQM, directly recycled from our assets property businesses in the North West, CEEQUAL and EPC ratings on all our • 1.24% increase in food recycled/ sharing knowledge through breakfast new developments, where relevant. recovered briefings and other events for the • 3.93% reduction in waste going into property sector and tenants. We are an refuse-derived fuel (RDF) active member of the British Property • Using BREEAM In-Use and • 275,991 kWh produced from RDF Federation, instrumental in encouraging the Refurbishment and Fit-Out standards UK Green Building Council to to guide performance improvements to develop programmes outside London our existing buildings. How do you manage your and we are regular contributors to relationships with tenants sustainability events in the Greater • Working with our contractors to Manchester area. monitor the sustainability of the and communities regarding on-site construction process, on all energy usage, fit outs and construction projects, using the What proactive steps following sections from the BREEAM other matters? have you taken towards Model:

We regularly engage tenants in energy sustainable certification usage, fit out and community relations. schemes? • Considerate Construction What innovative Please visit our Protos website for more • Construction Site Impacts information on the industrial-scale technologies have you innovative technologies we are • Responsible Sourcing of Materials identified that could delivering through our energy cluster in • Construction Waste Management impact/disrupt your Cheshire. Protos is a centre of excellence • Projects must achieve a minimum of in the North West for energy from waste, 55% (Very Good) of all possible operations/society in the recycling and hydrogen production with credits under the above four sections, future and what proactive carbon capture. These technologies and aspire to 70% (Excellent), where represent a step-change towards a practical to do so. Maximum credits for steps have you taken circular and low-carbon economy and, Considerate Construction and regarding these? with Peel L&P as facilitator, can provide Construction Site Impacts should be an innovative energy cluster model for targeted as well as credits for industries and city regions looking to decarbonise. Responsible Sourcing of Materials and We believe that the most significant Construction Waste Management. changes in buildings emissions performance will relate to the We have undertaken a pilot study of the decarbonisation of heat supplies. WELL certification on one of our existing Peel L&P have been investing in district buildings and we are assisting a client in heating networks since our first system developing a WELL-ready Head Office. at MediaCityUK in 2011 and we are now connecting our Princes Dock estate In January 2020, eleven of our buildings buildings in Liverpool to our second became the first in the UK to be verified as major heat network. Not only do these Net Zero Carbon using the UK Green district heating schemes provide Building Council (UKGBC) 2019 framework significantly lower carbon heat and definition. We have since verified a electricity than conventional power further six buildings at MCUK, bringing systems, but they provide a large degree our total to seventeen. We have also of future-proofing as the engines can be undertaken a project to understand readily converted to biogas or biofuels or how we could reduce the embodied even hydrogen in the future. carbon in construction projects and recently set a Science-Based Target Please visit our Peel L&P Energy website for operational buildings. for more information on our wind, solar, district heat network, flexible energy, Although not a certification scheme, biomass, combined heat and power, we are focusing efforts on formulating marine and hydro power and electric Taskforce for Climate-related Financial vehicle charging projects and experience. Disclosure (TCFD) action plans ahead of possible mandatory requirements in 2022.