ReportAlert.info - Hermes Real Estate Investment Management releases Responsible Property Investment Annual Report 2010
The report details the company's Responsible Property Investment risk management strategy and programmes
(3BLMedia/theCSRfeed) October 26, 2010 - Hermes is pleased to announce the publication of its fourth annual Responsible Property Investment Annual Report: ‘Protecting and enhancing value: the role of sustainability’, which explains Hermes’ RPI risk management strategy and programmes, with an emphasis on current focus areas which will most affect performance over time.
Attention to sustainability and environmental concerns runs to the heart of Hermes’ long-term investment strategy. In order to protect value, Hermes place emphasis on understanding the cost benefits associated with sustainability improvements, assessing the RPI risks and quantifying the sustainability benefits of new assets, as well as developing mitigation strategies in line with its wider property management programme.
This year’s report sits in the context of the upcoming launch of the CRC Energy Efficiency Scheme. To minimise the financial risks that accompany carbon-priced real estate, all must be ready to manage their carbon capped portfolio via responsible asset management, emission projections and understanding allowance markets.
The report details the impressive savings that Hermes’ ambitious internal performance monitoring and market benchmarking have enabled over the course of 2010 including:
- Over £600,000 savings in energy and direct landfill tax avoidance
- Lowest insurance premium in the market thanks to our track record on risk and safety
- Reduced carbon emissions by 3.5% across our property portfolio on a like for like basis
- Sent only 2% of waste directly to landfill
- Achieved an absolute water reduction of 3% across our property portfolio
The full report is accessible on-line: http://www.reportalert.info/ra/profiles/HermesRealEstate/2010/?ID=34054
About Hermes
Hermes Real Estate Investment Management Limited (Hermes) is part of Hermes Fund Managers Ltd; a multi-boutique asset manager independent of any broader financial services organisation. With in excess of £6.4 billion (at 30 June 2010) of gross assets under management in both UK and international portfolios, Hermes Real Estate offers client focused, property investment solutions through segregated and pooled structures, seeking to maximise risk adjusted returns.
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