What: Real estate giant Landsec has researched the potential of sustainable retail and its impact on real estate.

Why it is important: No player is advanced enough to do it right: sustainability can contribute to profitability by 13%.

Building a sustainable business not only benefits the planet but can also boost retail sales, according to a report by property firm Landsec and Bradshaw Advisory.

Brands located in sustainable retail spaces could see a revenue rise of up to 13% over a decade, and such venues could experience a 6% surge in footfall, potentially generating an additional GBP 100 million for local economies.

The study aimed to understand the significance of sustainable retail from the perspectives of consumers, brands, and local authorities. Public polling highlighted 'localism' as a key aspect of sustainable retail, emphasizing job creation for locals, using local suppliers, and supporting local, independent brands, especially among middle-aged consumers. Local authorities from various UK cities concurred.

Landsec emphasized the need for increased sustainability focus, collaboration with brands, and working with local authorities to address community-specific needs, thereby benefitting the environment and local economies.

Mall owner Landsec research says sustainable retail can be more profitable