Home / Knowledge / News / Apparel/Garments / M&S to unveil new 'green' property lease policy
M&S to unveil new 'green' property lease policy
25
Feb '13
Marks & Spencer (M&S) will unveil a new property lease policy at next week's Ecobuild 2013 (5th – 7th March).

All new M&S stores will now have ‘green' clauses as standard enabling landlords and tenants to better manage a building's environmental performance.

In addition, M&S has reached agreement with members of the Better Buildings Partnership (collaboration of major retail landlords looking to improve the sustainability of existing commercial building stock) to ‘retro fit' green clauses to the leases of existing M&S stores.

The collaboration is the first of its kind on this scale in the UK and will see the signing of 70 retro fit agreements across sites including Meadowhall (Sheffield), Brent Cross (London) and Silverburn (Glasgow).

The green clauses, whether in new leases or retrofit agreements, will facilitate the sharing of waste information and data such as gas, electricity and water usage in M&S occupied buildings to encourage both landlord (typically a shopping centre or retail park) and tenant (M&S) to make significant carbon reductions.

It also encourages a joint approach to investment in eco building technology such as biomass boilers, LED lighting and rainwater harvesting to further reduce building impacts and costs.

The move is part of a Plan A, M&S' eco and ethical programme, commitment to reduce energy use in M&S stores, offices and warehouses by 35 per cent by 2015 (against a 2007 baseline). M&S has already achieved a 28 per cent reduction but recognises that more needs to be done, in particular in shared areas of shopping centres and retail parks.

Clem Constantine, Director of Property at M&S, said: “Unfortunately, big carbon reductions from the UK's building stock cannot come only from new stores. Seventy per cent of current commercial buildings will still exist in 2050, so if we are genuinely going to tackle the problem we have to invest in eco solutions for existing buildings.

“Currently it can be difficult for landlords and tenants to work together when it comes to a building's environmental performance, particularly for older leases. There's often no real structure for measurement, incentives or sharing of goals.

"Green leasing changes this situation as it provides the framework within which both can work together. And both will benefit, a store with a reduced environmental impact and lower costs is more marketable for landlords and more cost effective for tenants to occupy – a genuine win, win.”

Keith Bugden, Executive Director of the Better Buildings Partnership said: “The BBP has been developing ways to break down landlord/tenant barriers since its inception five years ago. Our industry leading work on green leases, including the publication of our Green Lease Toolkit, has paved the way for this exciting new initiative and I'm delighted that the hard work and commitment of our members has resulted in such a significant breakthrough.

"We hope of course that this is just the start and that other commercial tenants will see the benefits to be gained from such a partnership.”

M&S


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Myanmar's garment units risk closure due to virus impact

Myanmar's garment factories are facing the risk of shutdown as the...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

GMAC urges EU to restore full EBA rights for Cambodia

Expressing disappointment over the recent European Union (EU)...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Uzbekistan 3rd biggest garment exporter to Kazakhstan

Uzbekistan exported 10,000 tonnes of apparel to Kazakhstan in 2019,...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Clothes are no more bound by gender

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Mehul Vithalani,

Mehul Vithalani

Gopi Knitts is one of the most celebrated manufacturers and suppliers of...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search