RPI is an investment approach that recognises and addresses the environmental, social and economic risks and opportunities associated with the ownership and management of property assets.
At Hermes, we believe that a responsible, sustainable approach to real estate investment, management and development is the only strategy which both protects and enhances the value of our assets. Thus, we ensure that RPI is fully integrated within all our activities.
RPI Policy Statement
Responsible Property Investment
Active risk management
Responsible Property Management
Responsible Property Development
BTPS Family and JV
Thought Leadership and Sector Engagement
Our RPI Policy Statement outlines how we embed sustainability principles in the way we work across our business to improve our overall environmental, social and economic performance.
In order to actively manage our investment risks we are developing a Cost Benefit Analysis tool and supporting the development of Sustainability Benchmarking across the industry. Read our case studies to understand how we integrate RPI across our real estate activities.
Real Value in Central London
Real Value in our Retail Portfolio
Active risk management
To understand and address the impacts of the Carbon Reduction Commitment (CRC) regulation, we have, working with Upstream Sustainability Services, developed the industry's first internal emissions trading scheme, the Hermes ETS. Having run the scheme during 2008 we can now share our findings.
Hermes Emission Trading scheme
Responsible Property Management
Improving the performance of existing buildings is one of the most difficult sustainability challenges we face. The effective management of our existing assets therefore remains the bedrock of our RPI strategy. See our RPM Case studies for examples:
Cushman Wakefield BEE Campaign
Cushman Wakefield St Johns Kids Club
GVA Grimley Brindleyplace Sustainability Forum
MEPC Birchwood Park Community Support and Engagement
REALM Freeport Fleetwood Freesport
DTZ Tottenham Hale Rainwater Harvesting
Jones Lang La Salle Energy Awareness
MEPC Milton Park Green Travel Plan
REALM Junction32 Water Awareness
REALM Project to gain ISO14001
DTZ Tottenham Hale Big Belly Solar Compactor Bins
Jones Lang LaSalle Environmental Management - Waste
King Sturge Atrium Court and Midsummer_House - Waste Management
MEPC Chineham Park - Waste Recycling
Thecentre mk Big Hanna
Cushman Wakefield Crompton Place - Tenant Awards
GVA Grimley Brindleyplace Occupier Engagement and Waste Management
Jones Lang LaSalle Occupier Engagement - River Clean-up
King Sturge Arcadia Building - Occupier Engagement
Responsible Property Development
We have developed our Responsible Property Development and Refurbishment Guide to promote the implementation of our RPD programme and achieve our target BREEAM and EPC ratings, for all our new build and refurbishment projects. See our responsible property development and refurbishment guide.
BTPS Family and JV
In the interests of good practice sharing we are very much engaged and cooperate with the property companies in the BTPS family, Argent and MEPC and with our Joint Venture partners with regard RPI.
We are committed to working in partnership with the industry to promote the uptake of sustainability initiatives.
Carbon Reduction Commitment Owner Occupier Guide
We are working with the UK Green Property Alliance and the British Property Federation to influence the development of the CRC regulation. We believe the regulation should be revised and be brought in line with classical emission trading schemes in its capped phase post 2013 to improve its carbon and financial efficiency.
Institutional Investors - 2009 Investor Statement on the Urgent Need for a Global Agreement on Climate Change
Ultimately climate change mitigation will be funded by the private sector and institutional investors have a key role to play. We have contributed and signed this important statement, setting institutional investors' position on the climate change treaty which is being negotiated globally and calling policy makers to provide a transparent and effective policy framework to facilitate investment flows.
Global Reporting Initiative - Construction and Real Estate Sector Supplement
This project will result in sector specific reporting guidance for the construction and real estate sector to support companies with their distinctive reporting needs and further enhance sustainability reporting within the sector, which has clear sustainability impacts.
We are active members of the following industry bodies:
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