Upstream, The Crown Estate’s CR advisors, have undertaken a formal audit to establish the level of achievement against each of the 2005/06 Corporate Responsibility (CR) targets
- The level of achievement against the 2005/06 CR targets represents a very good performance and reflects the strong sense of ownership over the targets by key representatives from The Crown Estate.
- Only two of the targets (8%) remain not completed. This is relatively low in comparison with some of The Crown Estate’s peer group companies in the property industry.
- Significant progress on responsible supply chain procedures including environmental guidance for managing agents and internal guidelines on issues such as timber and paper procurement.
- Shifting practices in customer relations culminating in the restructuring of a central customer focused team in-house, and more demanding standards of agents in this area.
- Considerable contributions to environmental research, particularly through initiatives undertaken by both the marine and rural estates.
- Continued achievement of high BREEAM ratings for new developments funded by The Crown Estate, and the application of strong principles of community engagement.
- Measurement, monitoring and targeting of environmental impacts across the actively managed urban portfolio. Significant advances have been made in this regard but, as with other landlords, this remains a difficult process for The Crown Estate and its agents.
- Finding ways of capturing the positive value of environmental and social good practice which is currently being undertaken across the various parts of the estate.
- Many of the sustainability impacts arising from properties owned by The Crown Estate are ultimately driven by tenants’ own practices, and helping and encouraging them to address these can be challenging.
- Standardising the way in which The Crown Estate invests in local community activities across the different estates.
Director