MIPIM 2007: Hammerson used MIPIM’s world stage to announce a series of energy-saving initiatives for its shopping centres

Speaking to delegates last night, John Richards, chief executive of the listed property company, announced that the company would undertake a ‘Green accreditation’ scheme, which is to be displayed in its stores.

The scheme would involve measuring the standard of fit-outs and waste management, among other energy saving procedures.

Richards said: ‘We hope that this initiative will be welcomed by retailers, who are also looking to improve their performance in this area.’

He said Hammerson shopping centres would monitor electricity on an hourly basis to assess peak demand periods and reduce overall usage. It would target an increase in recycling by 10% and reduce water consumption by 2% in 2007.

He added: ‘We cannot afford to make the mistakes of the past. These mistakes not only blighted some of the UK’s urban centres, but did so in a way which wrought heavy damage on the environment and committed us to replacing large swathes of our towns and cities just a couple of generations later.’