Hyprop Investment Limited has been included for the first time on the JSE’s SRI Index reflecting its commitment to environmental, social and governance practices. As one of 82 companies listed on the SRI in 2014, Hyprop is among the most sustainable companies in South Africa. Today the group marked another milestone in this regard with the launch of a 500kWp solar photovoltaic plant at Hyprop’s Clearwater Mall.
Hyprop CEO Pieter Prinsloo says that upholding and improving its sustainability performance is a key goal for Hyprop. “As a property investment company our business is long-term, and sustainability as well as cost efficiencies in all areas are business imperatives.” Socially responsible investing is increasingly becoming a key driver for investors.
Qualification for the Index is based on an independent assessment of the governance, social, environmental and climate change practices.
Prinsloo says: “We are continuously improving our operations to reduce an already low environmental impact while maintaining our role as a responsible corporate citizen in preserving environmental resources. Our investment in solar power for Clearwater Mall is the first step with similar ‘green’ solutions to be rolled out at other centres in the portfolio.”
The R8 million plant at Clearwater is installed on the mall’s roof and is expected to conserve 900 000 kWh of electricity per year, the equivalent to that of approximately 100 average households. It will reduce emissions of 884 tons carbon dioxide and save more than 1000 tons of coal per annum.