Sirius Sirius Real Estate

Over the past year, we have continued our work to refine our waste management initiatives across both our UK and German portfolios, with a focus on reducing waste, increasing recycling, and improving the efficiency of our resource usage. 

In Germany, our centralised waste collection system allows us to calculate and manage our waste-related carbon emissions effectively. All of our sites are now equipped with sufficient bins to match site demand and to comply with government requirements for minimum provision. Any new acquisitions are assessed and transferred, when possible, to our waste contract partners to ensure alignment with our waste programme. We will continue to work with waste providers to explore opportunities to increase recycling rates across all sites and closely manage our environmental responsibilities.

In the UK, the provision of onsite recycling is one of the most important sustainability factors for our tenants according to the recent tenant survey. We have started to make progress towards the government’s ‘Simpler Recycling’ scheme which will be mandated by March 2026. Our aim is that all of our sites will have mixed recycling bins, and sites with kitchens will be equipped with food waste caddies. While the nationwide rollout has faced some delays, we are on track to complete deployment across our sites in the next financial year.

  Recycled Converted to energy Landfill

Germany

34.6%

62.9%

2.5%

UK

18.8%

81.2%

0%

Managing water usage

We remain committed to driving efficiencies in both waste and water usage, regularly reviewing our processes to identify opportunities for improvement. All of our initiatives align with our efforts to minimise our environmental impact as well as supporting our tenants to make informed decisions on their own usage and impact.

In Germany, as reported last year, almost all of our sites have now been equipped with smart water meters, as part of our “Smartvatten Project”. During the year, meters were installed at six of the seven outstanding sites, with installation at the one remaining building scheduled for FY2025/26. We will continue to assess new acquisitions and address potential technical issues as they arise.

Across our UK portfolio, we expanded our programme to monitor and manage water usage. We have now installed automatic water meters at 36 our highest water consuming tenants, adding five during this year. We are expecting to finalise one additional installation already commissioned in FY2025/26, with a further two scheduled. This enables us to monitor consumption more effectively and supports engagement with our tenants to reduce water waste and usage.

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