Targets 2007/08

The table below details our investment targets for 2007/8. 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 will report on our interim progress against these in our next report.

Investment Targets

Conduct environmental audits at all 25 properties in the Improver Portfolio and establish key performance indicators against which improvement will be tracked over five years.

Trial the Landlord's Energy Statement (LES) at selected offices in our Improver Portfolio and our ISO 14001 group of properties, with a view to achieving a like for like saving of 6kg CO₂per m² of Net Lettable Area (NLA), based on previous year historical consumption, by April 2008.

Use the Tenant's Energy Review (TER) as a major pillar of our strategy to engage with tenants across our Improver Portfolio, in order to encourage greater understanding of energy consumption between landlord and tenant.