PRUPIM

Developing and managing a varied property portfolio can have a wide range of impacts on the environment, the economy and society. In 2008, as the lifespan of our previous sustainability strategy ended, we were keen to ensure  that our approach to sustainability would address the issues of most importance to our business and our stakeholders. We asked Upstream to conduct an independent review of the material impacts of our business, and we formed a stakeholder panel comprising representatives from public interest groups, our occupiers, industry bodies, supplier organisations and academic institutions, to challenge our reporting practices and our sustainability strategy (see case study for more details).  In response to the feedback provided by the stakeholder panel and the outcomes of the impact review, we significantly revised our Sustainability Strategy which is described in this section.

Our Vision

In 2009 we launched our new corporate sustainability vision which clearly articulates our long-term aspirations to our stakeholders. As a leading sustainable real estate manager, our vision is to:

• Deliver superior investment performance through integrating sustainability into our core business culture, activities and decision making
• Be a responsible business, addressing our own impacts and our stakeholders’ expectations
• Influence the property sector where we can through innovation and thought-leadership.
  

Our Sustainability Framework

The framework below illustrates how our new Sustainability Strategy encompasses all our core operations. Click on the respective business area to see our long-term sustainability commitments.