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Case Study

7 percent waste reduction saves £330,000 in landfill tax

Hermes Real Estate
United Kingdom-wide


  • Develop and deliver a Responsible Property Investment strategy for managed properties


  • Map and monitor asset and portfolio performance and risk
  • Integrate benchmarked sustainability processes throughout property life cycles, working with asset and fund managers to influence investment decisions
  • Develop retail price index (correct?) reports and communications
  • Create an Internal Emissions Trading Scheme


  • Hermes is the first institutional investor to include a green clause in their standard leases
  • Their portfolio achieved a one-year CO2 reduction of 3.5 percent, a savings of £330,000
  • Only 7 percent of waste was sent directly to landfill, saving £330,000 in landfill tax