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Responsible Property Investment
Responsible Property Investment (RPI) is an approach to property investing that recognizes environmental and social considerations along with more conventional financial objectives. It goes beyond minimum legal requirements, to improving the environmental or social performance of property, through strategies such as urban revitalization, or the conservation of natural resources. The key to managing and monitoring progress on these issues is the implementation of systems for measuring and benchmarking building and portfolio performance. RPI should be implemented from the property planning, design, and development stages and continually practiced throughout the property lifecycle, through the following examples:
- Developing or acquiring properties designed with environmentally and socially positive attributes (e.g., low-income housing or green buildings)
- Refurbishing properties to improve their environmental and social performance (e.g., energy efficiency, on site power generation, disability upgrades, natural light exploitation or other environmentally and socially responsible improvements)
- Managing properties in environmentally and socially beneficial ways (e.g., Green Leases, resource use and waste & recycling Benchmarking Practices to improve performance, fair labour practices for service workers or simply using environmentally friendly cleaning methods and products)
- Demolishing properties in a conscientious manner (e.g., reusing recovered materials on-site for new development)
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