The SCCA advocates for a policy environment which enables shopping centres to cost effectively invest in sustainability and energy efficiency initiatives, without further government regulation.
Shopping centre owners invest in sustainability and energy efficiency upgrades even though, unlike other commercial property classes, they have largely been ignored by government funding programs seeking to promote sustainability and generally cannot recover the cost of capital improvements to their centres from tenants, even though most of the benefits flow to tenants.
The SCCA opposes the translation of regulation which currently applies to the commercial office sector (i.e. Commercial Building Disclosure) to shopping centres. Shopping centres operate differently to commercial offices due to the highly regulated landlord-tenant relationship and a scheme cannot be translated in a ‘like for like’ fashion. We support the continued, voluntary use of sustainability measures, including the NABERS for Shopping Centres tool.
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