This article is from the Australian Property Journal archive
CHARTER Hall and Cbus Property’s Melbourne CBD asset 171 Collins is the latest office building to achieve Climate Active Carbon Neutral Certification, marking a first for Charter Hall.
Cbus Property has previously received carbon neutral status for 5 Martin Place in Sydney’s CBD.
Carbon Neutral Certification accounts for the carbon emissions made by a building from direct and indirect sources, such as electricity and gas consumption, refrigerants, water and waste. Carbon credits are then purchased to offset and create net zero carbon emissions for the building.
171 Collins Street was designed to target a 6 Star Green Star Design & As Built rating and a 5-star NABERS Energy rating. This subsequently improved to a 6-star NABERS Energy rating in operation. In early 2021, it became Australia’s first building to simultaneously achieve a NABERS “triple crown”, with 6-star ratings for energy, indoor environment and waste for its design excellence, renewable electricity supply and operational best practice.
It has a 5.5-star NABERS rating for water, and the base building is powered by 100% renewable electricity through its involvement in the City of Melbourne’s second Melbourne Renewable Energy Project.
“When we look across our portfolio, we find opportunities to invest in upgrades to lift existing buildings up to our high standard for sustainability and 171 Collins Street is a great example of where we have done that,” Charter Hall’s Office CEO, Carmel Hourigan said.
Cbus Property CEO Adrian Pozzo said the joint-venture partners took a broad approach to sustainable building performance across the functions of energy efficiency, water, waste and indoor environment.
Cbus Property fast-tracked its net zero carbon commitment from 2030 to early 2022, undertaking NABERS Climate Active Carbon Neutral Certification across its entire office portfolio, Pozzo said. Since June last year, all base buildings are fully powered by renewable electricity. He said the next step is to achieve a carbon-neutral portfolio.
Knight Frank manages the property on behalf of Charter Hall and Cbus Property and actively monitored and maintained the building services and ongoing engagement with tenants.
