“Legal & General Property has a strong and long-term commitment to sustainability, adopting or investing in pioneering solutions. We believe that through the integration of sustainable thinking and behaviour, we will deliver enhanced returns to our investors.”
Managing Director, Legal & General Property (LGP), and Chairman of the Green Property Alliance
At Legal & General Property, we’re working hard to make sustainability an integrated part of what we do every day. As a leading property investor and developer, we go beyond standard practices of sustainability. We don’t just want to make every single one of the properties we manage as efficient and sustainable as possible – we also want to drive real change in the industry.
WHAT WE KNOW
LGP is a leading UK property fund manager responsible for managing or co-managing 18 separate funds or vehicles, with a gross asset value of £10.6 billion as of the end of December 2011.
The case for sustainability is perhaps clearest when considering our environmental impacts. We can deliver lower costs for occupiers and better returns for investors by avoiding unnecessary expenses relating to purchasing, disposal or resource-use regulations.
The built environment currently creates 40% of UK carbon emissions and 33% of UK waste to landfill, so our management of resources can have a significant impact on the wider environment, as well as our own business.
Social sustainability for our properties is equally important for our business. We need to make sure our investments deliver long-term benefits for the communities that live near, or work in, our properties. To do this, we make sure we engage with them throughout our ownership of the property.
Stakeholders and clients increasingly expect us to integrate sustainability into our investment considerations. We believe that, in future years, sustainability will be a core element of an Investment Manager’s responsibility and we’re determined to show leadership in this area.
Being a company people want to work for
Employees increasingly want to work for a company that has sustainability at the heart of day-to-day decision-making. We want to attract, retain and develop high-calibre people, and believe that a commitment to sustainable property helps us to do this.