Managing CR at British Land

Our integrated approach to corporate responsibility helps us in our development and management of sustainable, commercially viable properties that are attractive to occupiers. This leads to better returns for our shareholders.

Taking our corporate responsibilities seriously helps us to meet existing and potential regulatory requirements and also protects and enhances our valuable reputation.

During 2006 we continued our efforts to embed corporate responsibility throughout the business and supply chain. It is a fundamental part of how we do business and is a management issue in all of our business functions. We have focused on providing guidance for each stage of the property lifecycle including acquisition, design and planning, construction and asset management. View our corporate responsibility policies and documents at www.britishland.com/downloads.htm.

The Corporate Responsibility Committee, consisting of heads of departments and senior representatives, takes direct responsibility for objectives and targets. This Committee oversees a number of working groups, each established to focus on a key topic. Active working groups during 2006 included the Supply Chain Working Group and the Broadgate Environmental Working Group. Find out more about our progress against targets in Our performance in 2006 section.

In 2006 we built on the areas identified as priorities in 2005 through a process of external consultation and internal assessment. These were:

• British Land People
• Occupiers and Suppliers
• Regeneration
• Community
• Resource use
• Waste Management
• Biodiversity.

In 2006 climate change moved up the agenda as an area of risk and opportunity for business, society and the environment. Find out more about how we are addressing climate change.

In 2006, to integrate our corporate responsibility reporting with our financial reporting we published our full Corporate Responsibility Report online and printed a summary report. The summary report will be included in the British Land Annual Report and Accounts 2007. This switch to online reporting is also part of our effort to improve our environmental performance by reducing the number of printed documents we generate, saving trees and reducing potential waste to landfill. By printing a summary report and publishing the full report online we have saved nearly 550 kilograms of paper. The online report is designed to be widely accessible and provide easy navigability for users. To request the printed version please contact Claudine.Blamey@britishland.com

Next steps: in 2007 we will be conducting further external consultation and internal assessment to review our corporate responsibility focus areas.