LGP steps up its commitment to Sustainability with appointment of Debbie Hobbs.
13 July 2012
Legal & General Property (LGP / the Company) announces that it has appointed Debbie Hobbs as Sustainability Manager to lead the further development and integration of the sustainability agenda into the strategy of the business, and to help keep at the forefront of change when responding positively to innovations.
With 25 years experience in the sustainability and carbon management sector, Debbie joins from ENVIRON, where she oversaw the sustainability and climate change practise. In her previous role, Debbie lead a team of consultants, delivering a range of services from the development of corporate sustainability strategies through to implementation and compliance issues such as CRC and EPCs. She is a chartered buildings services engineer, with extensive experience in low carbon design and refurbishment, and has recently acted as technical manager to two, £5m Carbon Trust programmes on the use of renewable technologies in new build design and low carbon retrofit. Being a Carbon Trust Standard assessor she has also recently undertaken assessments of many companies’ corporate policies, including Tesco, John Lewis, M&S, IKEA and the Bank of England. Debbie previously held positions at AECOM, West Sussex County Council and MEPC UK Ltd.
In her new role, Debbie will report directly to Paul Edwards, Director of Asset Management, and will be responsible for guiding and supporting the business in delivering the ambitions of its sustainability strategy. With these principals sitting at the heart of the business, she will play an integral part in continuing to integrate sustainability into all investment decision processes and develop LGP’s thinking around the area.
Commenting, Bill Hughes, Managing Director of Legal & General Property, said: “Debbie’s appointment further strengthens LGP’s commitment to sustainability and social responsibility. Companies have reached a critical point in addressing the sustainability agenda and Debbie extensive experience in the sector will enhance a strong team which is well positioned to deal with some of the most prominent issues faced at this time.
“At Legal & General Property we have felt for some time that we have both a responsibility and determination to be at the forefront in positively responding to the environmental and social impacts of owning real estate. Going beyond standard practices, we recognise that we not only have an ability to drive real progress across our own platform, but also, given our significant network of service providers, clients and tenant base, by being a first mover, we are well positioned to influence behavioural change across the industry.”
Debbie Hobbs, Sustainability Manager at Legal & General Property, added: “I am very excited to be joining Legal & General Property at such a key time, both in its sustainability journey and the real estate market’s transformation into more sustainable working practises. With movement in both legislation and voluntary schemes potentially affecting asset values in the future, there is now real momentum behind the ‘greening property’ agenda.”
As one of the largest institutional investors and property fund managers in the UK, acting on behalf of a large and diverse range of clients, LGP takes its commitment to sustainability very seriously, placing it at the centre of all investment decisions and working culture and forming an integral part of its progressive approach to Corporate Social Responsibility. All employees are given targets to develop ways of tackling issues of sustainability, and to drive significant change in the portfolios they manage, and it is understood that LGP is the first property investment manager to incorporate reporting on the Sustainability Performance of a pension fund’s property portfolio alongside quarterly Investment Performance. The Company also amended its standard lease format to include ‘green’ clauses.
In 2011, LGP’s Managing Director, Bill Hughes, accepted the Chairmanship of the Green Property Alliance. Through this organization, LGP has provided guidance for landlords and tenants on their responsibilities under the Carbon Reduction Commitment Energy Efficiency Scheme, sought to establish consensus on a series of common metrics to measure the sustainability performance of rented buildings and exert influence on the evolution of regulation and legislation. Additionally, Bill plays a major role in ECOPAS and recently joined the Green Construction Board, an industry advisory group, and Sponsor of the Valuation and Demand working group.
Notes to editors
Legal & General Property (LGP) is a wholly-owned subsidiary of Legal & General Investment Management (LGIM), one of Europe's largest institutional asset managers and a major global investor. LGIM manages approximately £371bn of assets on behalf of more than 3,300 clients (31 December 2011) and provides products and solutions spanning all asset classes. LGP is the third largest institutional property fund manager in the UK, managing or co-managing 16 separate funds or vehicles and two segregated mandates with an aggregate asset value of £10.6bn as at 31 December 2011.
These funds include:
Specialist Pooled Funds
The Leisure Fund Limited Partnership; Industrial Property Investment Fund; UK Logistics
Fund; Arlington Business Parks Partnership; and the English Cities Fund
Single Asset Vehicles
Bracknell Regeneration Partnership; Central Saint Giles Partnership; Performance Retail
Limited Partnership and Warrington Retail Limited Partnership
Life Fund; Linked Pensions; Linked Life; Managed Fund; Property Unit Trust; UK Property
Income Fund; LPI Income Property Fund and the Hybrid Property Fund.
LGP's UK-focused fund management platform has built and retained a strong track record of out-performance across the sector. Owing to its size, diversity and penetration, it benefits from best in class banking and property industry contacts which, along with its wealth of in-house skill and expertise, have enabled it to continue to attract and secure high quality market opportunities. Taking a client-centric approach, the business places the highest priority upon integrity and transparency, leveraging upon the significant resources provided by the wider LGIM platform. Sector specialists cover each sphere of the market and are supported by LGP's market-leading research capability.
LGP's sector specialisms cross all facets of the real estate market. In particular, the Company has a major development platform, responsible for delivering the West End office market's latest landmark, Central Saint Giles, and currently involved in developing its high profile Covent Garden scheme, Agar Street, as well as significant town-centre retail regeneration projects, including Bracknell, Northampton and Eastbourne.
For more information please contact:
PR Manager, Legal & General Capital and Real Assets, LGIM (Property, infrastructure and alternative finance)
t: + 44 (0) 203 124 2777
m: + 44 (0) 7718 395 279