Legal & General, who owns many London office assets, has launched an 'Office Occupiers Guide to Sustainability', in order to arm its office tenants with the necessary understanding of the environmental impact of property, and a toolkit to implement change.
The guide represents just one of many substantial commitments to the green agenda that the company has made over the past year and for which it has been receiving growing recognition. This commitment was recognised last month when it received two Gold awards at the Mayor of London's Green Awards 2010, in conjunction with the Better Buildings Partnership ("BBP"). These were the Building Improver Award, for its work at 99 Gresham Street, and the Green Portfolio Award.
As one of the largest UK institutional property fund managers, with over £8.7bn of property assets under management, LGP is very serious about its role in minimising the impact of the built environment and setting an example of best practice for other property owners and managers. Yet what will the tenant's think and can the policy actually be realistically implemented?
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