What are they?
A CSR policy sets out a company’s approach to managing the negative environmental and social impacts of its operations and to generate positive social and environmental outcomes. It will normally include data on energy and water use, CO2 emissions, waste generation and key supply chain issues. Organisations may have specific requirements within their CSR policy relating to the purchase or letting of a building e.g. NABERS or Green Star rating
Why are they useful?
A CSR policy statement establishes a company’s position on sustainability issues and enables agents and other suppliers to understand what its priorities in this area are. Demonstrating awareness of a company’s CSR policy, and how their expertise may support this, provides an agent with an important advantage.
Issues to be aware of
Tenants with strong CSR policies may have difficulty finding space that suits all their requirements from an environmental / sustainability perspective. This issue can be overcome if agents and owners understand how a building can be upgraded or retrofitted to higher standards and how it can be operated efficiently by or for the tenant.
All building types.
Questions to ask
- Does the owner / tenant have a CSR policy and / or sustainability and environmental targets that will impact upon building selection and its operational performance?