Responsible Property Investment
- 17% reduction in CO2 emissions at UK offices
- 16% reduction in CO2 emissions at UK Shopping Centres
- £3.6m savings generated for our tenants through energy reductions in our portfolio
- 89% of employees feel it is important to have an RPI strategy
The fundamental principle behind PRUPIM’s approach to Responsible Property Investment (RPI) is our belief that by having a leading approach to RPI we are better able to protect and enhance performance for our clients. At PRUPIM, RPI issues are well integrated within our day-to-day investment practices, which will enable us to adapt and respond to the challenges and opportunities posed by issues such as rising energy and resource costs, greater legislative demands, and stronger tenant and investor requirements on these issues.
We continue to drive good practice across all our funds under management, strengthening our processes and reporting, and seeking to drive improvements across all assets. In 2012, we made good progress against our targets and I am delighted that we made significant reductions in energy consumption across both our UK and US portfolios, not only reducing environmental impacts but also generating significant cost savings for our tenants.
Implementing our strategy is not without challenges. The growing amount of proposed environmental legislation in the UK and across Europe could have significant impacts on our funds if we are not prepared to address them. We continue to assess the impact of such legislation and amend processes where required to take account of these issues in our asset management strategies.
For more details, please click on the links below to download a copy of our ninth RPI report, or our Supplementary Performance Report (with more detailed data and commentary), both of which outline our performance in 2012. I hope you enjoy reading our reports, and welcome any feedback you may have.