Cape Town
Energy Efficiency Forum
Jon Duncan – 31 st August 2012
2
1.
Sustainability Context
− Climate change as one aspect
2.
Responsible Investment
− Unpacking the Jargon
− What issues do we look at?
3.
Understanding climate impacts
− Policy
− Impacts
− Technology
4.
Example of Technology impact
World population from 1800 to 2100
(UN 2004 projections & US Census Bureau historical estimates)
9 to 11 bn by
2050
6.93 bn - 2010
Implications:
• Consumption growth
• Urban densification
• Aging populations
• Poverty /inequality
• Conflict /unrest
• Disease /malnutrition
2.6 bn - 1945
Climate change
Chemical pollution
Not yet quantified
Ocean acidification
Atmospheric aerosol loading
Not yet quantified
Stratospheric ozone depletion
4
Rate of biodiversity loss
Phosphorus cycle
(biogeochemical flow boundary )
Land system change Global freshwater use
Source: 2010 Stockholm Environment Institute - System limits to Growth
Nitrogen cycle
(biogeochemical flow boundary)
1
Declining resources and ecosystem service
“Living off the earths interest not its capital”
5
The Natural Step
Increasing demand for resources and ecosystem service
Time
6
• Key drivers:
• United Nations
Principles for
Responsible
Investment (UN PRI)
• Regulation 28 of the
Pension Funds Act
(Reg 28)
• Code for Responsible
Investing SA (CRISA)
• Emerging business case
7
• Policy impacts
– Pricing of externalities
– Changing of building codes
– Product specification
– Lease requirements
• Physical impacts
– Threat of flood
– Adverse weather
– Fire
– Drought
– (all of the above could occur up and down stream in the supply chain)
• Technology
– Greater levels of efficiency
– Short obsolesce cycles
– Threat of substitution
8
Building Overview
This shopping centre is located in Claremont, Cape Town
The GLA is 43,654m2
It consists of three levels of retail & four levels of parking
HVAC equipment consists of the following:
• 8 x Water cooled chillers
• 6 Cooling towers
• Primary chilled water pumps
• Secondary chilled water pumps
• Condenser water pumps
• Air handling units
• Return air fans
• Parking ventilation fans
• Extract & Fresh air fans
Scope of Intervention
• Improve HVAC performance to allow chilled water temperature to drift to reduce chiller load by 400KW in summer and 620KW in winter
• Install Variable Speed Drives to Secondary Chilled Water Pumps
• Install Variable Speed Drives on Cooling Tower Fans
• Automate Fresh Air Dampers with ext air temperature as reference
• Introduce Precooling
Average Monthly Savings (KW) 616,200 kWh
Annual Savings (KW) 7,394,400 kWh
Annual Savings (R)
Project Cost (R)
Payback Period
R2,246,418.00
R398,788.00
Funded by ESKOM DSM
12
Q & A
13
Old Mutual Investment Group (South Africa) (Pty) Limited
Physical Address: Mutualpark, Jan Smuts Drive, Pinelands, 7405
Telephone number: +27 21 509 5022
Old Mutual Investment Group (South Africa) (Pty) Limited is a licensed financial services provider, FSP 604, approved by the
Registrar of Financial Services Providers (www.fsb.co.za) to provide intermediary services and advice in terms of the Financial
Advisory and Intermediary Services Act 37 of 2002. Old Mutual Investment Group is a wholly owned subsidiary of Old Mutual
(South Africa) Limited. Reg No 1993/003023/07.
The investment portfolios may be market-linked or policy based. Investors’ rights and obligations are set out in the relevant contracts. Market fluctuations and changes in rates of exchange or taxation may have an effect on the value, price or income of investments. Since the performance of financial markets fluctuates, an investor may not get back the full amount invested. Past performance is not necessarily a guide to future investment performance.
Personal trading by staff is restricted to ensure that there is no conflict of interest. All directors and those staff who are likely to have access to price sensitive and unpublished information in relation to the Old Mutual Group are further restricted in their dealings in Old Mutual shares.
All employees of Old Mutual Investment Group are remunerated with salaries and standard short-term and long-term incentives. No commission or incentives are paid by Old Mutual Investment Group to any persons. All inter-group transactions are done on an arms lengths basis.
In respect of pooled, life wrapped products, the underlying assets are owned by Old Mutual Life Assurance Company (South
Africa) Limited who may elect to exercise any votes on these underlying assets independently of Old Mutual Investment Group.
In respect of these products, no fees or charges will be deducted if the policy is terminated within the first 30 days. Returns on these products depend on the performance of the underlying assets.
Old Mutual Investment Group has comprehensive crime and professional indemnity insurance. For more detail, as well as for information on how to contact us and on how to access information please visit www.omigsa.com.