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Natural Capital

Value Creation

Reconciling profit and planet

As a team, we are fully committed to a cleaner planet. We will commit to ambitious goals whilst finding economic models that reconciles planet and profit. Our key focus areas are:

1. Waste recycling  
2 Wastewater recycling  
3. Green energy  
4. Energy efficiency  

Reflecting on 2021

A Transition Year

Solid Waste recycled

Across the portfolio, 21% of waste was recycled with a targeted benchmark of 40%. Our target for the year 2022 is 50%.

Sorting at source

A new project, ‘sorting at source’ started on 1 of May 2021 at the Bo’Valon Mall. With encouraging results of 74% in May and 72% of waste recycled in June, the first two months of operation proved we had engaged on the path to success.

We have recycled over 70% of our waste and we aim to reduce dumping at Mare Chicose from the current 80% to 20% in the near future.

Renewable Energy

During the financial year 2021, our four solar farms produced more than 2.6million kwh, representing approximatively the normal consumption of more than 300 hundred households over a year. In line with our sustainability goals, and using more green energy, the four solar farms are installed on the roof of Bagatelle Mall, Phoenix Mall, Kendra and Les Allées.

These farms produce up to 30% of a Mall consumption.

PV Farm

LED lights were also installed in order to reduce the overall bill consumption of the Malls.

Water Efficiency

For the year 2021, Bo’Valon Mall recycled 38% of water

Bo’Valon - Grey Water System

On average 200m3 of potable water per month can be saved with the initiative of collecting rainwater on our roof and grey water from the wash basins from mall toilets. This water is treated and reused for the flushing system in all our toilets.

Furthermore, our brand new Sewerage Treatment Plan (STP) is treating 700 m3 per month, which is approximate to the consumption of 70 households. This recycled water is used for watering the plants all around Bo’Valon Mall, hence saving the same amount of fresh water each month.

Outlook

Stepping up our commitment to the Planet

Our unflinching commitment to the Planet has been acknowledged by the SEM with the inclusion of Ascencia on the SEMSI in August 2021. Next year, our sustainability drive will accelerate with six milestone projects:

WASTE RECYCLING

Roll out of the sorting at source project across our portfolio

December 2021
WASTE RECYCLING & GREEN ENERGY

Construction of a Biogas station at Bagatelle Mall to convert organic waste into energy

February 2021
GREEN ENERGY

Apply to CEB for new PV farms in Bo’Valon and Riche Terre Mall, Bagatelle Home & Leisure

2022
ENERGY EFFICIENCY

Replacement of the HVAC system in Bagatelle Mall with a new Chiller System.

October 2022
WASTE RECYCLING

A new water treatment plant at Bagatelle Mall at a cost of Rs 50m

October 2022
ENERGY EFFICIENCY

Initiate LEED Certification for our Malls, the first one being Phoenix Mall

December 2022

Solid Waste Recycling

FY21

20%

Target

50%

Green Energy

FY21

14%

Target

23%

Wastewater Recycling

FY21

38%

Target

40%

OUR BEST WAY TO FORECAST THE FUTURE IS TO SHAPE IT."
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