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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
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