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Social Accounts

Ethical property investment offers the investor a financial, social and environmental return. So in addition to our financial audit, we monitor a wide range of social and environmental indicators and publish the results each year in our Annual Report. Some of the key findings of our 2006 Social Audit are also available by clicking on the grey buttons above.

Measuring social and environmental returns is still a very inexact science. We measure our performance on each of our indicators against national standards, wherever they exist and publish them as social accounts. We also set targets for improvement on our own results year on year. This year for the first time we have introduced our own targets for energy consumption and carbon emissions which are more demanding than the standards set by the Building Research Establishment (BRE) which we used in previous years. We are heading towards external verification by 2007-2008.

Currently we classify our social and environmental returns under five broad headings:

1. The nature of our tenants.
We let our properties only to organisations with a strong social purpose.

2. The landlord-tenant relationship.
We aim to manage our properties according to strong social and environmental principles as detailed in our Code of Practice

3. The social and environmental impact of the company and its buildings.
We monitor and look to improve on energy and water use, travel to work and waste management. We look to purchase as many of our products and services as possible from ethical sources.

4. Tackling Social Exclusion.
We aim to purchase properties in areas in need of regeneration, and help to tackle social exclusion by supporting local community groups. We also expect to make our buildings as accessible as possible to all members of society

5. Honesty and Transparency
We aim to be open and transparent with all our stakeholders.

"As a social justice organisation, African Initiatives is committed to making sure our suppliers, wherever possible, share our principles. The Ethical Property Company do this. They show that it is possible to provide functional, well serviced office accomodation while maintaining social and enviromental considerations. And most importantly, they can do it at a good rent."
Mike Samson, African Initiatives

   

The Ethical Property Company, The Old Music Hall, 106-108 Cowley Road, Oxford OX4 1JE
Tel: 01865 207810 Local calls 0845 458 3853 Fax: 01865 207828 Email Us
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