Long-Term sustainability
Our long-term sustainability ambitions are based on our commitments and targets categorised under each ESG pillar and which are aligned with the principles of the UN SDGs and the disclosure requirements set out in the TCFD guidelines.
Alignment with the UN SDGs
Lighthouse subscribes to the 2030 Agenda for Sustainable Development and the associated SDGs when considering the impact of our business on society and the environment.
The purpose of the 17 SDGs is to slow climate change, eradicate poverty, promote human rights and fight inequality. The SDGs aim to balance the three dimensions of sustainable development (economic, social and environmental) deemed critical drivers for socio-economic growth and make them become actionable for leaders.
Our ESG strategy is premised on 11 SDGs that we have identified and prioritised. We have set targets for our contributions toward the SDGs and have created an SDG framework to guide our behaviour. We are currently in the process of developing these into measurable targets as part of our sustainability strategy.
Portfolio consumption data
Portfolio consumption data relates to common area consumption data.
Improving our energy efficiency
We have implemented various measures across our portfolio to enhance energy efficiency and reduce our carbon footprint.
Sourcing clean energy:
- We actively seek clean energy solutions to power our operations.
BREEAM in-use assessments:
- Each asset undergoes independent BREEAM In-Use assessments to pinpoint improvement areas for enhanced efficiency.
Investment in solar PV:
- We identify opportunities to expand solar PV installations to lower consumption and boost efficiency.
- Total capacity of installed solar PV plants in 2024, 1 640kWp at three malls producing 1 832 46 7kWh of green energy and saving 232 metric tons of carbon dioxide (‘CO2″) emissions.
- We commenced with the installation of a 969kWh/880kWh PV for self-consumption, with estimated energy savings of around 30% at Salera.
- Smart Building Management Systems: These systems utilise smart technology to provide real-time data on consumption patterns for better energy management.
LED lighting:
- LED lighting is installed in all common areas and tenants are required to adopt LED lighting in their spaces.
- Light-saving initiatives: We are replacing traditional lighting with LED options and implementing remote-controlled and motion censored lighting systems to minimise power usage.
Energy-efficient cooling fans:
- We are replacing existing cooling fans with more energy-efficient models to further reduce energy consumption.
- Total electricity consumption in the common areas: Entire portfolio 2024: 25 382 611kWh, 2023: 16 664 407kWh. Like-for-like performance: 2024, 14 645 699kWh, and 2023: 14 237 451kWh
- Total volume of electricity self-generated: Entire portfolio 2024: 1 832 467kWh, 2023:1 060 160kWh. Like-for-like performance: 2024: 1 095 024kWh, and 2023: 1 060 160kWh
- Total GHG emissions: Entire portfolio 2024: 2 027 104. Like-for-like performance: 2024: 1 353 678, and 2023: 1 670 694
As part of its environmental sustainability strategy, Lighthouse will work towards improving the consumption for each property through the introduction of a green lease programme and mutual cooperation with tenants in terms of Scope 3 emissions.
Appropriate asset-specific targets, with baseline consumption from which to measure progress, will be set this year.
Reducing our water consumption
We have implemented several initiatives to enhance water usage efficiency,.
Smart meter installation:
- Utilising smart meters to accurately measure water consumption and detect leaks.
Tap sensors:
- Installing tap sensors to reduce unnecessary water use.
Grey water reuse:
- Introducing systems for grey water reuse.
Controlled water pressure:
- Implementing controlled water pressure measures to limit consumption.
Native planting:
- Planting indigenous plants that require less water.
Our total water consumption was 228 508m³ (2023: 128 593m³). 10 malls in 2025 versus six malls in 2024.
We will continue to set appropriate asset-specific targets based on baseline consumption data to measure our progress in water efficiency for all the malls.
Waste management
Our goal is to enhance waste management practices by minimising waste generation, improving disposal routes and expanding recycling initiatives to reduce air, water and soil pollution.
Waste segregation:
- Separating waste into recyclable and non-recyclable categories.
Recycling promotion:
- Introducing recycling points throughout our malls.
Paperless initiatives:
- Encouraging a paperless business environment to reduce paper waste.
In 2024, we generated 7 056 tonnes of waste (2023: 3 524 tonnes). Notably, 45.1% of our waste was recycled in 2024, down from 49.9% in 2023, while approximately 29.1% of waste was diverted for energy creation versus only 20% in 2023.
Independent Certifications
BREEAM is an environmental sustainability assessment method for existing buildings. It evaluates the asset performance and the building management in several categories, such as energy and water use, waste management, transportation and materials, among others.
At 31 December 2024, nine of our assets have BREEAM certifications, Espai Gironès is the only asset without a BREEAM certification. The Espai Gironès BREEAM certification application has commenced with the preliminary results indicating a “very good” rating for both the building and building management. We expect completion and certification by 4Q2025.
A summary of the building certifications BREEAM in-use and energy rating of each property:
Environmental initiatives at our malls
As part of our sustainability strategy, we have developed long-term plans to reduce the environmental impact across our malls. Below are the initiatives being implemented at each location:
- Torrecárdenas
- H2O
- Alcalá Magna
- Salera
- Espai Gironès
- Forum Coimbra
- Alegro Montijo
- Docks Vauban
- Docks 76
- Saint Sever
- Rivetoile
Green energy:
- Sourced from renewable sources to reduce environmental impact.
BREEAM certification:
- BREEAM certificate issued 23 February 2024.
Condensation water project:
- Initiated a project to recirculate condensation water from air heaters and aiming for a 50% reduction in water consumption.
LED lighting:
- Installed throughout the property and implemented remote control for lights.
Solar PV expansion:
- Exploring opportunities to expand the existing solar PV installation to increase renewable energy generation.
Solar energy production:
- Generated 112 924kWh from the solar PV installation (2023: 122 658kWh), saving an estimated 44.5 metric tons of CO2.
Green energy:
- Sourced from renewable sources to reduce carbon footprint.
Solar PV installation:
- Under consideration for 450 to 500kWp implementation.
BREEAM Certification:
- Completed January 2024.
Energy efficiency:
- Solar protection installed in skylights.
Waste management:
- New organic waste initiatives introduced and a new distribution and visual project created for better project understanding of waste management regulations for tenants.
HVLS fans:
- Four efficient fans for better air distribution in food court.
Pipe insulation:
- Insulation for water distribution pipes from chillers.
Green energy :
- 100% of the energy consumed comes from renewable sources in order to reduce the environmental impact and carbon footprint.
BREEAM certification:
- Completed in 2023 and effective until 2026.
ISO 14001 certification:
- ISO 14001 in force.
LED lighting:
- All the lighting in the common areas is LED and controlled by a centralised lighting control system.
Solar energy production:
- Start of work on the installation of a 969kWh/880kWh PV plant for self-consumption, with estimated energy savings of around 30%.
EV charging stations:
- Contract signed with vehicle charging company for the installation of 49 chargers.
Water management:
- Flow restrictors installed in all toilets.
Energy efficiency:
- Control of temperatures and equipment start-up times by means of a centralised control system.
Green energy:
- Sourced from renewable sources to reduce carbon footprint.
Water management:
- The mall uses recycled water for its cooling and heating system as well as for the gardens.
- Water temperature control systems in place for efficient heating and cooling.
BREEAM certification:
- Assessment currently in progress – provisional ratings “very good”.
Energy efficiency:
- The mall has the highest energy efficiency certification of A. LED lighting installed across the common areas as well as a prerequisite for all tenants.
Waste management:
- Recycling points in the mall for all visitors as well as bulk recycling containers for the tenants, recycling managed by an independent third party and monthly reports provided.
Building management system:
- Upgraded the mall’s BMS system.
Insulation:
- Upgraded insulation to the air ducts and water distribution pipes from chillers.
Green energy:
- Sourced from renewable sources to minimise our carbon footprint.
LED lighting:
- All tenants are required to use LED lights, and installation is ongoing in common areas as part of our energy-saving programme.
Solar PV installation:
- Currently under consideration for future implementation.
EV charging stations:
- Eight stations are available in collaboration with an industry leader, with an estimated generation capacity of approximately 550kWh (2023: 550kWh).
BREEAM certification:
- Completed the BREEAM in-use certification process and are awaiting results.
Energy efficiency:
- Continued investment in energy-saving measures including the replacement of cooling fans with more efficient systems.
Flood risk mitigation:
- Conducted an environmental study to identify flood risks and implemented necessary measures.
Water management:
- Installed flow reducers on basin taps in all bathrooms.
Green energy:
- All the energy consumption is sourced from renewable sources.
Sustainability and environmental commitment:
- Lease contracts include a ”Sustainability and Environmental Commitment” clause and an annex to raise tenants’ awareness of environmental best practices and compliance with the mall’s guidelines.
Solar PV:
- 30% of the energy consumed is produced by our PV panels.
BREEAM certification:
- We have started the renewal of the BREEAM certification.
Energy efficiency:
- Two new chillers have been installed to improve the building’s energy efficiency.
Playground:
- Provide accessible equipment that allows children in wheelchairs to play alongside their peers.
Water:
- Installation of free water dispensers for customers.
Waste:
- Installation of a press to reduce the number of transports, thereby reducing the carbon footprint.
Quality monitoring:
- Conducted air and water quality monitoring audits.
Waste management:
- Installed presence sensors in waste rooms and introduced recycling points throughout the mall.
BREEAM certification:
- Renewed certificationfor asset and management performance.
Food waste reduction:
- Supported restaurants through the “Too Good to Go” initiative to minimise food waste.
Energy efficiency investments:
- Upgraded to energy-efficient air-handling units at Saint Sever and installed a new energy- efficient boiler burner at Docks 76.
Specialist recycling:
- Introduced recycling spaces for coffee capsules and cups and recycling cans for biowaste generated by restaurants.
BREEAM certification:
- Renewed for asset and property management performance.
LED lighting:
- Switched to LED lighting in all common areas and parking areas.
Food waste reduction:
- Supported restaurants through the “Too Good to Go” initiative to minimise food waste.
Energy efficiency investments:
- Upgraded to energy-efficient air-handling units at Saint Sever and installed a new energy- efficient boiler burner at Docks 76.
Specialist recycling:
- Introduced recycling spaces for coffee capsules and cups and recycling cans for biowaste generated by restaurants.
BREEAM certification:
- Renewed for asset and property management performance.
LED lighting:
- Switched to LED lighting in all common areas and parking areas.
Recycling initiatives:
- Maintains a collection point for customers to recycle items such as light bulbs and batteries.
Voltage regulation:
- Introduced voltage regulators to minimise the adverse effects on equipment.
BREEAM certification:
- Renewed for asset and management performance.
Biodiversity support:
- Introduced indigenous and water-wise rooftop gardens.
Emergency lighting:
- Implemented LED lighting at emergency exits.