Responsible Business Targets
RESPONSIBLE BUSINESS TARGETS
Every two years, the Company sets itself new targets. Summerised below are the full set of targets for the next two years. Please see Page 16 of our Responsible Business Reports for 2016 to see how we performed historically against our 2014/16 targets
||Publish a community engagement policy.
|Governance best practice
||Review attendees of the Responsible Business Working Group
and agree formal terms of reference.
|Employee skills enhancement
||Offer 1.5 hours of sustainability specific training per year to
all members of staff.
The Responsible Business Working Group members are to
complete 10 hours of sustainability specific training
|Employee skills enhancement
Development team to participate in a relevant initiative or
working group covering sustainability issues material to the
||Ensure Savills conducts full sustainability survey when
tendering and ensure they audit 10% of suppliers annually
against the suppliers’ responses to the survey.
|Reputation protection; compliance
||Monitor development contractors’ compliance with
LondonMetric’s Responsible Procurement policy and
Responsible Development Requirements checklist.
|Reputation; access to capital
||Maintain or enhance GRESB performance.
Improve FTSE4Good score and obtain a score of more
than 2 points for all ESG themes.
|Stakeholder engagement: Investors
||Develop and implement a bi-annual investor sustainability
RESPONSIBLE INVESTMENT TARGETS
|Protect and enhance portfolio value
||Continue assessing the sustainability risks /features of
potential new assets by ensuring the IAS checklist and
acquisition process is suitable to ensure all new investments
are future proofed and potential environmental risks are
|Stakeholder engagement: the market
||Include relevant information on the asset’s environmental,
socio-economic, and health & wellbeing performances into
marketing materials for sale purposes.
RESPONSIBLE ASSET MANAGEMENT TARGETS
||Maintain 100% of operational waste diverted from landfill
for landlord managed portfolio by 2020 against a 2015/2016
Achieve a recycling rate of 25% by 2020 against a 2015/2016
||For landlord procured energy, investigate the cost of switching
100% to a low carbon energy tariff.
|Regulation & Reputation
||On a like-for-like basis against a 2015/16 baseline:
Reduce investment portfolio energy consumption and
GHG emissions by 4% by 31st March 2017.*
Reduce office portfolio energy consumption and GHG
emissions by 4% by 31st March 2017.*
Reduce retail warehouse portfolio energy consumption
and GHG emissions by 5% by 31st March 2017.*
Reduce investment portfolio water consumption by 4%
by 31st March 2017.*
Reduce investment portfolio energy intensity and GHG
emissions by 20% over 6 years, against a 2015/16 baseline,
by 31st March 2022.
Reduce investment portfolio water intensity by 20% over 6
years, against a 2015/16 baseline, by 31st March 2022.
||Where necessary, ensure all applicable assets have a
minimum E EPC rating by 2017, aiming for a higher rating
|Stakeholder engagement: tenants
||Conduct a bi-annual tenant satisfaction survey with a
third party, incorporating questions regarding sustainability
issues, and score responses in order to create a baseline
for future years.
Based on the results of the tenant satisfaction survey, follow
up with most relevant tenants (poor scores or interest in joint
activities) to develop specific action plans.
Investigate implementation of a tenant fit-out guide.
Include green lease clause into all new leases regarding
data sharing into all new leases.
Discuss total energy consumption with tenants and support
them to install renewable energy technology in developing
initiatives to reduce energy consumption, and/or increase
Include relevant information on the asset’s environmental,
socio-economic, running costs, and health & wellbeing
performances into marketing materials for leasing purposes.
Where there is landlord access to energy and water data
(either through smart meters or tenant willingness to share
data), monitor the environmental performance of new
developments and major refurbishments once in operation.
RESPONSIBLE DEVELOPMENT TARGETS
|Stakeholder engagement: planning departments
||Pilot the development of a socio-economic assessment
to evaluate the impact of LondonMetric’s asset on the
community in which it operates.
|Portfolio value protection
||Large new direct developments, expansions and major
refurbishments to achieve BREEAM Very Good.
|Obsolescence risk mitigation
||Continue to discuss with contractors the opportunities to
incorporate best practice sustainability features within the
building’s design brief (e.g. on the robustness of the roof
structure to hold future PV panels, etc).
||Collect and monitor environmental data for construction
* Targets will be reviewed and reset for 2018.