PRUPIM

In 2008 we fully or partially achieved 80% of the targets that we planned to complete by the end of the year. We also embarked on a number of new initiatives and made significant improvements in some aspects of our performance. We are particularly proud of the following highlights of 2008:

 
Sustainability Strategy:

We reviewed our Sustainability Strategy to ensure that it was aligned with the most significant impacts associated with our business and the expectations of our stakeholders. In 2009 we launched the new strategy, based around a sustainability vision and commitments aligned with our core business activities.

 
Health and Safety:

Our RIDDOR Accident Rate at shopping centres fell to 1 in 4.4 million visitors (2007: 1 in 2.9 million visitors). Overall, this represents a 42% reduction in the number of RIDDOR incidents at our shopping centres.

Community investment:

Our community contributions rose by 93% in 2008, to just over £800,000, largely attributable to new procedures introduced in 2008 to accurately measure and capture the value of the space our shopping centres give, free of charge, to local charities and community groups.

Staff satisfaction:

In our 2008 employee survey, 81% of our employees stated that they ‘believe PRUPIM is a good place to work’, compared to 79% in 2007.

 
Climate Change: 

In absolute terms we reduced CO₂ emissions arising from energy consumption across our managed portfolio by 15.4% in 2008 compared to 2006. Furthermore 74% of the energy consumed by our entire portfolio was derived from Good Quality Combined Heat and Power sources, which is Climate Change Levy exempt and resulted in the aversion of 56,000 tonnes of CO₂.

 
Energy efficiency:

40% of properties assessed for EPC ratings received ‘C’ or above and 20% achieved a ‘B’ rating. Furthermore, on a like-for-like property basis, the energy efficiency of our significant offices improved by 3.3% in 2008 compared to 2006 levels. 

   
Water:

In absolute terms we reduced water consumption across our entire portfolio by 13.4% in 2008 compared to 2007. We also achieved our target to undertake water audits at our 20 highest water consuming properties and expanded this to full Strategic Resource Reviews of energy, waste and water at all shopping centres and water intensive properties.

Waste:

On a like-for-like property basis we significantly increased the proportion of waste recycled; by 6% in our significant offices and by 5% in our shopping centres (compared to 2007 figures).

  
Environmental management systems:

Since 2006, 18 additional properties have successful achieved ISO14001 accreditation. To date 28 of the largest multi-let offices in the PRUPIM portfolio have achieved this accreditation and a further 6 properties are expected to be certified in 2009.

 
Sustainable Refurbishment & Development:

We developed a Sustainable Refurbishment Framework as a follow up from the Sustainable Development Framework which was launched in 2007. Together, these documents form the basis of our strategy and lie at the heart of our development process.

 
Occupiers:

In 2008 we were the first major landlord to offer retailers the opportunity to pay rents monthly on existing leases without any financial penalties, demonstrating our support to occupiers during challenging market conditions.

 
Click on the links to the right of the screen for case studies and performance reviews of all areas of PRUPIM’s business.