Sustainability and Local Community
Given our stated aim of becoming the UK’s leading owner of local retail property, the success of our business is inextricably linked to the prosperity of local communities and, in particular, the occupiers of our properties.
We aim to attract and retain tenants by providing retail accommodation appropriate to their needs in servicing local communities at a price that is in line with the local market and which their business can afford. LSR's position as a nationwide property owner enables it to negotiate preferable rates for property services, much of the benefit of which is ultimately passed on to tenants in lower service costs.
All development projects we undertake comply with relevant environmental requirements. We aim to reduce our direct adverse environmental impact by lowering the general energy consumption of our business and use renewable sources of energy wherever possible. We aim to reduce our environmental impact via strong managerial control and informative resources for ourselves and our tenants. In this way we can ensure that the growth of our business is commensurate with our CSR policies.
Within our head office we aim to use energy saving devices wherever possible and we have paper and plastic re-cycling arrangements in place. Fair-trade office supplies are purchased where possible. We also try to encourage our staff to travel by public transport or to cycle to the office to reduce our company carbon footprint. Local management teams for occupiers are used in order to minimise travel and to encourage a healthy working relationship with our tenants.
LSR is committed to support initiatives which can lead to sustainable environmental and social benefits. We believe that environmental care and community involvement are an integral part of our business practice. We believe that our business model encourages people to shop within working distance of their homes, avoiding unnecessary travel. We feel that our “local shops – nationwide” investments promote good community relations which help local businesses thrive. Furthermore, LSR focuses on investing in and upgrading existing property stock. It is not our policy to develop new units, thereby minimising construction damage to the environment.