Targets 2007-2008

The table below details our community targets for 2007-2008. Due to the considerable work that went into establishing meaningful and stretching targets at the start of 2007, we made a conscious decision to set these on a longer time period. All these targets therefore share the completion deadline of 31 December 2008, spanning an 18 month period. We are now only reporting on our interim progress made during 2007, but we will report more fully in 2009. The following key summarises how interim progress is objectively assessed using a traffic light system.

Target completed:

For management targets, this symbol indicates that the target has already been completed and its status will remain the same at the end of 2008.
For performance targets, this symbol indicates that PRUPIM’s performance in 2007 achieved or exceeded the target threshold set for 2008. While this would suggest that the target should be met in 2008, it does not guarantee it, given the small possibility of performance in 2008 regressing for as yet undetermined reasons.

Target in progress:

For management targets, this symbol indicates that some actions have been taken in 2007 towards completing the target.
For performance targets, this symbol indicates that PRUPIM’s performance in 2007 exceeds 2006 performance and is moving closer towards the target performance threshold.

No progress:

For management targets, this symbol indicates that no actions have yet been taken towards completing the target.
For performance targets, this symbol indicates that PRUPIM’s performance in 2007 has declined compared with 2006 performance and is moving away from the target performance threshold.

Target	Progress Indicator	Interim Progress Comments
Maintain corporate community investment at least based on 2006 levels, as measured by the London Benchmarking Group methodology.		Corporate community investment fell to just over £416,000 in 2007, representing a 32% reduction on 2006 investment. This fall was mainly a consequence of reduced funds from leverage sources.
Increase the proportion of staff participating in the staff community involvement scheme to 20% by the end of 2008.		In 2007, 46 PRUPIM staff took part in the staff community involvement scheme, giving a total of 47.5 days to the charities of their choice. This equates to 16% of PRUPIM staff.