Responsible Property Investment 2008 - Henderson Global Investors

What’s Next?
REPORTING OUR ACHIEVEMENTS AND EXPANDING OUR RPI PROGRAMME
Following the 2008 Sustainability Portfolio Analysis, we
now have a comprehensive picture of the key areas for
improvement across our funds. SPA has identified
inherent risks that we will address by integrating
sustainability assessment into our asset allocation and
investment decision-making procedures. The SPA fundlevel
and property-specific recommendations will enable
us to direct our efforts towards the necessary initiatives
that we will put in place through engagement with our
managing agents and occupiers in 2009.
Occupier engagement
A key focus for 2009 will be an extensive programme of
occupier engagement. An important finding of the SPA was
that, in order to maximise opportunities for improving
sustainability performance at our properties, it is imperative
that we work together with our managing agents and
occupiers. This will help us to ensure all parties are working
towards the same goals and sharing good practice.
Widening the SPA net
We are expanding the SPA to our non-UK assets with a trial
assessment of a sample of our French properties. We are also
planning to undertake a detailed sustainability analysis of our
newly acquired fund New Star UK Property Unit Trust, to
ensure it is fully incorporated into our RPI programme.
Data gathering and reporting
In 2009 we plan to make our energy, water and waste data
gathering processes more accurate and easier for our
managing agents to undertake. The regular collection of
performance data allows us to identify problems and
anomalies as quickly as possible. It will also enable us to
accurately monitor our performance in comparison to our
2008 baseline and against our 2009 targets. We look
forward to reporting more quantitative measurement data
in next year’s annual report.
Benchmarking
To enable us to track and rank progress against our peers,
we will enter 20 of our properties into Upstream
Sustainability Services’ Operational Performance
Benchmarking. This will help us to make better informed
management choices by identifying areas of over and underperformance
and comparing these against established
benchmarks and sustainability indicators.
I look forward to overseeing the expansion of our programme over the coming year.
Our targeted approach is particularly important given the current economic
circumstances, where it would not be justifiable for us to dedicate time and
resources to an RPI programme that was not explicitly focused on protecting and
enhancing value
Mike Sales, Head of Global Property Investment
Henderson's assets in the Paris region are next in line to take part in the SPA
2008 report Responsible Property Investment
9