Targets 2007/8

The table below details our Property Management targets for 2007/08. 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.

Property Management Targets

All targets listed below will be delivered through active management interventions and tenant engagement, drawing where appropriate upon the learning outcomes of the Improver Portfolio five–year pilot.

Reduce CO₂ emissions from energy use in the UK managed ('significant') office and shopping centre portfolio by 9% by 2012, compared to a 2006 baseline (and equivalent to an annualised 1.56% reduction each and every year which is in line with the rate required to achieve the UK Government’s Draft Climate Change Bill target to reduce CO₂ emissions by 60% by 2050).

Improve energy efficiency (kWh/m²) in the shopping centre portfolio by 3% on the 2006 baseline, by the end of 2008.

Improve energy efficiency (kWh/m²) in the managed 'significant' office portfolio by 3% on the 2006 baseline, by the end of 2008.

Achieve a 40% average recycling rate for shopping centres by the end of 2008.

Commission water audits at the top 20 water consuming managed properties.

Zero deaths and RIDDORs at all UK managed offices.

Ensure PRUPIM’s Head Office move to City Place House implements sustainable fit-out options, thereby minimising the baseline footprint of own office occupation.

Establish procedures to measure and target own office waste recycling at PRUPIM’s new Head Office, City Place House.