Corporate Responsibility

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• Corporate Responsibility
• Progress against targets 2006

Assurance by Bureau Veritas*

Below we review the progress we made during 2006 of just a few of our targets set out in our 2005 Corporate Responsibility Report; for a full report on how we have performed please see our online report.

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Corporate responsibility management

Consider corporate responsibility issues within investments

• Sustainability Guide for Property Acquisitions launched in October 2006.

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British Land people

Ensure staff needs are considered before and after the Head Office move

• Relocation Committee established, information provided in staff newsletters and on the Intranet, staff and external experts consulted and staff tours conducted of York House.

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Occupiers and suppliers

Engage with occupiers to build closer relationships

• Heads of Asset Management contacted 85 key occupiers about how we manage our properties. Key Account Programme and Service Commitment developed. Managing agents reviewed. Programme of meetings with occupiers. Further independent consultation with occupiers commissioned for 2007.

Engage with first tier suppliers (consultants and contractors) to raise awareness of environmentally and socially sound goods and services

• Training presentation on corporate responsibility sent to all Head Office employees during December 2006.
• Distribution of letter on corporate responsibility principles, that British Land expects its suppliers to adhere to, piloted with suppliers in 2006.

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Regeneration

Contribute to the regeneration of socially deprived areas where we operate

• Retail Foundation Degree established in partnership with Sheffield College and Sheffield Hallam University and to be delivered at The Source at Meadowhall by Sheffield College from 2007.

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Community

Manage relations with communities to achieve social and business benefits

• British Land's Head of Internal Audit mentored a senior GP at Fountayne Road Health Centre in Hackney. Broadgate Estate's Technical and Environmental Director mentored the Headteacher at St John the Baptist School in Hackney.

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Resource use

Promote efficient use of energy and water

• Members of the Broadgate Environmental Working Group identified carbon dioxide emissions relating to their properties and adopted a Carbon Emission Reduction Charter.

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Waste management

Maximise opportunities for waste avoidance and reduction

• 92% of the accepted material at the Meadowhall Shopping Centre Resource Recovery Centre recycled in 2006.

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Biodiversity

Safeguard and enhance biodiversity

• At Teesside eight of the ten Biodiversity Action Plan actions were completed, including the creation of two floating islands in a balancing pond. At Regent's Place progress was made on all Biodiversity Action Plan actions with completion scheduled for 2007.

*Independent assurance statement by Bureau Veritas. For more details please see the CR Report 2006: www.britishland.com/crReport/2006

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