Improving our use of resources and protecting the environment.
AMP has a duty to our community and future generations to minimise our impact on the environment, so we actively pursue a range of waste, energy and emission-reduction activities. The Green Tomorrow initiative is a program to help AMP employees learn about the impact that the consumption of resources has on the environment, and encourages all employees to get involved in reducing their environmental impact, at work and at home.
Since 2002, the AMP Environmental Leadership Team has met monthly to develop and implement strategies, cultivate innovative projects and bring about behavioral changes to help improve AMP's resource efficiency and continue to lower our environmental footprint.
The road to a greener tomorrow
2002: AMP's first Environmental Policy launched. AMP Capital signs up to the Carbon Disclosure Project
2005: AMP Capital is a founding member of the Investor Group on Climate Change
2008: AMP Environmental Leadership Team established. AMP reports for the first time under Energy Efficiency Opportunities program
2009: Internal carbon levy introduced to offset business air travel emissions. AMP records a 10% rise in recycling from 2008 through our co-mingled waste program, plus a 10% drop in operational energy use from 2007. AMP reports for the first time under National Greenhouse and Energy Reporting Act 2007
2010: AMP leaders commit to carbon neutrality by 2014. NABERS waste and energy audits on major buildings, plus lighting, IT, building management systems upgraded at AMP's head office. The Green Tomorrow employee engagement program is launched.
We continue to reduce our carbon footprint by:
- Reducing greenhouse gas emissions by a further 15% by the end of 2016
- Pursuing energy efficiency through lighting updates, IT initiatives and more flexible and efficient use of office space at AMP sites
- Working with contractors, landlords and service providers to increase waste recycling
- Reducing non-essential air travel and paper consumption
- Encouraging employee work practices that reduce environmental impacts
- Encouraging suppliers to reduce the impacts of their products and services
- Continuing with external assurance of AMP's carbon footprint.
Greenhouse gas reporting
AMP's greenhouse gas data relates to the operation of AMP's tenanted offices, data centre and business-related air travel.
In 2015, total greenhouse gas emissions from these activities was 25,194 tonnes; a 9% reduction year-on-year (YoY) on 2014:
Scope 1 and 2 emissions (mainly office and data centre electricity use) decreased 14% YoY to 15,853 tonnes, due to energy efficiency initiatives such as lighting updates, more flexible and efficient use of office space, some reduction in tenant occupancies and further consolidation of AMP's data centre use.
Scope 3 emissions (air travel) increased 1% YoY to 9,341 tonnes due mainly to international air travel associated with AMP's ongoing business activities.
AMP participates in the Carbon Disclosure Project and also reports annually to the Australian Government under the National Greenhouse and Energy Reporting Act 2007, which includes data for applicable investments that are managed by AMP Capital.
AMP Capital is an investor signatory to the Carbon Disclosure Project and engages with policymakers as a founding member of the Investor Group on Climate Change, and engages with groups such as Infrastructure Partnerships Australia Sustainability Taskforce, Property Council of Australia, Asia Pacific Real Estate Association, Green Building Council Australia, Better Building Partnership (City of Sydney) and the CitySwitch program.
An improved way of working
In 2015, we began refurbishing our landmark headquarters on Alfred Street, Sydney to transform the work environment through smarter design, better use of technology and activity-based work practices to encourage collaboration and innovation. The measures are helping to reduce AMP's environmental impact through:
- More efficient and productive use of floor space
- An LED lighting system that incorporates zone controls, occupancy sensors, daylight harvesting and power scale-back functionalities
- A waste management strategy including e-waste streams and furniture recycling
- Energy efficient appliances and end-use computing technology
- 'Follow me' printing to reduce overall paper consumption
- Extended video conferencing capabilities to reduce business travel.
In 2015, our headquarters held a 4-stars NABERS (National Australian Built Environment Rating System) rating, which we expect to rise as the floor-by-floor refurbishment is complete. Aside from the environmental benefits, this project aims to have a positive impact on the wellbeing of our employees. See 'People and workplace' for more.
We continue to reduce our reliance on paper communications by developing and promoting digital options for customers. These include the My AMP website and the My AMP mobile and tablet apps.
Carbon credits and community benefits
Each year, we reduce emissions through energy efficiency and, to meet our targets, offset the remaining emissions by purchasing carbon credits from verified projects.
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