Responsible Property Investment 2008 - Henderson Global Investors

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2008 report Responsible Property Investment 6 Responsible Property Management DELIVERING RPI ON THE GROUND WITH OUR PROPERTY MANAGEMENT TEAMS Engaging our property managers is central to the success of our RPI programme, particularly around the three key areas of energy, water and waste management. In 2008, we initiated data collection across our property portfolios. Measurement of sustainability performance represents one of the key challenges to the property sector, as evidenced by the growing number of industry-wide initiatives on sustainability performance measurement and reporting. We want to ensure that next year we are able to report to our stakeholders on our performance regarding key indicators such as carbon emissions and recycling rates. Our properties now regularly submit their energy and waste data, enabling us to establish the 2008 baseline against which we will be reporting annually. Our vision of a sustainably managed building is not limited to addressing its environmental impacts; we also have a number of successful community initiatives in place and we are looking to assist our funds in sharing this good practice to increase the number of properties taking part in these activities. Energy efficient lighting at the Bullring The Bullring, an iconic building in the centre of Birmingham, installed an energy efficient lighting system in summer 2008. In partnership with Philips Solid State Lighting Solutions, the Bullring, Weblight and Mitie have undertaken the replacement of the original cold cathode decorative lighting scheme with a state-of-the-art LED solution. This approach is expected to save: • 85% of the energy needed to illuminate the centre • £34,000 in annual running costs • Some 250 tonnes of CO2 emissions annually In addition to the impressive energy savings, the new LED system brings a whole host of creative lighting displays which shoppers and visitors to the centre can enjoy. Selecting LEDs has enabled us to enhance the Bullring’s aesthetics and visual impact as well as reducing our environmental impact Tim Walley, General Manager, Bullring We know it will be a long journey to embed sustainability at the heart of our property management and to be able to robustly measure the impact of our initiatives in these areas. However, we are optimistic that our property management teams and occupiers will help us to implement our strategy over the next year Jason Boyce, Portfolio Manager Whitefriars Shopping Centre, a centre of excellence in environmental performance and community work
Waste management at The Brewery The Brewery’s waste management changed dramatically in 2008. The retail park’s centre management now views waste as a potential resource and salvages cardboard, plastics, paper, cans, glass and bottles. Every measure is taken to reduce the amount of waste going to landfill and the Centre is exploring ‘waste to energy’ options for residual waste. A clothes and shoe bank has also been introduced in the car park area. Portfolio Manager, Adam Stone, and the property management team accept the ‘Green Apple’ award at the House of Commons At monthly tenants’ meetings The Brewery management team works closely with staff and tenants on implementing the retail park’s Green Business Plan. The response to this initiative has been overwhelming. The property management team’s achievements at The Brewery gained recognition through the International Green Apple Awards, presented in the House of Commons by The Green Organisation. The Brewery are helping to preserve and protect the environment and all our new recycling on site has made a positive contribution Ian Forster, General Manager, Esporta Providing local employment opportunities The Academy @ St James Shopping Centre in Edinburgh was officially opened in March 2008. It is working to train young people and provide retailers within St James Shopping, Multrees Walk and throughout the city centre with fully prepared, high calibre candidates for job vacancies. One of the units in St James was offered rent free as the ‘hub’ of the Academy and Henderson contributed a further £5,000 towards the fit-out of the unit. • In the first 12 months, 1,182 young people enrolled to the Academy @ St James The Retail Academy at Buchanan Galleries, another initiative within the Henderson Shopping Centre Fund, is operated by Glasgow North Regeneration Company and delivers six week retail skills programmes. These offer intensive training and work experience to participants, providing a pool of customer focused, commercially aware staff to employers. In addition, the Academy has delivered six two-day customer service programmes for Buchanan Galleries with over 60 employees participating. • Six full programmes have been delivered at Buchanan Galleries, with 85% of participants achieving employment or qualifications as a result The Academy is an exciting partnership approach to improving access to employment and training, increasing the pool of potential recruits with the skills, experience and abilities to meet specific recruitment needs Councillor Tom Buchanan, the City of Edinburgh Council's economic development leader Occupier engagement was key to The Brewery's success in introducing extensive recycling and water-saving features across the retail park 2008 report Responsible Property Investment 7
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Page 5: SPA - Society We want to be more co
Page 9 and 10: What’s Next? REPORTING OUR ACHIEV
Page 11 and 12: 2009 Targets ALL TARGETS ARE ANNUAL

Responsible Property Investment 2008 - Henderson Global Investors

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