Redefine report card goes from D to A - CNBC Africa

Redefine report card goes from D to A

Southern Africa

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Redefine has been listed among the top companies working towards transformative action in climate change. PHOTO: Ecocidealert/Benchmark sign

The Carbon Disclosure Project (CDP) has named [DATA RDF:Redefine Properties]  as one of its global climate performance leaders alongside Pick n Pay, Firstrand, Sanlam, Standard Bank, MediClinic, Anglo American Platinum and Harmony Gold.

“We are pleased to be named a global climate performance leader. Redefine has a clear environmental strategy, which we first implemented about two and a half years ago, and we've made excellent progress with it," said Andrew Konig, CEO of Redefine Properties.

In its first year of submission Redefine received a D rating and, in its second submission, the company was bumped up to an A grading.

(WATCH VIDEO: Redefine sees resilience in retail)

Redefine is also one of eight South African countries listed on the 2014 Climate Performance Leadership Index (CPLI).

It was noted that Redefine is the only local REIT to be included among 187 businesses from around the world which are at the forefront of climate change.  

"This is a significant achievement in a short time. It means big positive impacts, especially as our environmental strategy is a key business focus, and has a positive impact for our tenant,” said Konig.

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