5 March 2013
A leading figure in the FM software industry is urging retailers to follow Marks & Spencer's (M&S) lead in placing sustainability clauses in property leases.
M&S will unveil its latest property lease policy at the Ecobuild exhibition, which starts today (5 March).
All new M&S stores will have ‘green' clauses as standard to enable landlords and tenants to better manage the buildings’ environmental performance.
Tim Clapham, director at Planon Software, said the policy should act as an example to others.
“It’s extremely encouraging to see M&S taking a pioneering approach in the retail sector’s attempts to comply with increasing green regulation,” he said.
“We hope this move will set a precedent for other large retailers. Its green property lease policy will make carbon reporting a much easier and more efficient process and, with mandatory carbon reporting becoming effective from April 2013 for FTSE 350 companies, this has never been more vital.”
M&S said its green clauses would facilitate the sharing of waste information and data such as gas, electricity and water usage in its buildings.
The move is part of the retailer’s Plan A strategy, which includes a commitment to reduce energy use in its stores, offices and warehouses by 35 per cent between 2007 and 2015.
Clapham added: “It’s essential that retailers with large real estate portfolios have measures in place to make the collection and sharing of energy data more efficient and provide a holistic view to all concerned parties.
“Armed with this information, retailers will be in a much stronger position to make changes that really count – not only in terms of operational efficiency and energy consumption, but also as a way of cutting costs and improving the bottom line.”