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Management review

Aims and Objectives 2009

The publication of our 2008 CR report marked the end of our 3 year CR objectives and actions 2006-2008. Given the current business environment, while the setting of credible objectives is important, we have decided to carry this process forward on an annual basis, for the time being. This process will continue to be reviewed annually and, as part of this, we will consider the usefulness of returning to a three year programme.

This stance enables us to set objectives and targets as before, but acknowledges the current need for greater flexibility.

OBJECTIVES ACTIONS
GOVERNANCE  
Continue to undertake annual review of CR risks and implement annual CR review to coincide with company budget cycle Report to CR Board committee. Annual CR review to November (budgetry) Board Committee
Continue and, where possible, develop supply chain audits of outsource service partners Report to CR Management Committee
Maintain and, where possible, enhance our accreditations to sustainability indices Engage with annual verification procedures as required by external assessors
ENVIRONMENT  
Complete production of outstanding travel plans at our directly managed shopping centres Publish the completed Braehead travel plan
Encourage a reduction in business travel Install video conferencing facilities as far as required throughout the company
Energy
Aim to achieve a 5% or greater reduction in our carbon footprint in2009

Continue our work with the Carbon Trust
Waste
Continue to maximise recycling opportunities and minimise volume of waste sent to landfill
Incorporate as fully as possible Eldon Square shopping centre into our waste management programme
Review annually and update as necessary our Environmental Policy & Guide Monitor changes that impact on our Policy and Guide
Sustainable Design & Development
Focus on the renewal of derelict and brownfield sites as part of our development programme

Work ongoing at Braehead and St David’s 2 Cardiff
STAKEHOLDERS  
Continue to engage with stakeholders, including shareholders, staff and customers Continue development of CR reporting on group and business asset websites

Roll out 2009 CR presentation to staff

Investors, external verification bodies and charitable partners via meetings and correspondence
Customers, Shoppers & Occupiers
Engage with our shoppers on environmental issues
Run a series of "Go green" roadshows
Community Involvement
Develop our work focused on youth education and community projects at our UK shopping centres and Covent Garden
Initiate programmes of work with our three new CR charitable partners

Continue to develop our work on existing projects across the group.
PEOPLE  
Publicise the Staff Recognition Fund to colleagues throughout the group Collate and report on voluntary/charity work undertaken by staff members
CR presentation as part of staff induction process Give presentations, updated as necessary
HEALTH & SAFETY  
Continue H&S reporting and monitor effectiveness Share best practice with business partners
Maintain the excellent H&S performance and low level of incidents Maintain performance

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