CR Initiatives

Corporate Responsibility working group

Redevco believes that Corporate Responsibility can best be embedded in the organisation through the businesses rather than by appointing a separate director for Corporate Responsibility. In our decentralised organisation most activities are managed locally, although strategy on certain issues is determined at corporate level. Accordingly, we delegate the local management of our Corporate Responsibility activities to the Managing Directors. They are supported by the Corporate Responsibility Working Group (WG), which reports to the Board. We believe that this approach works best in the long run in fostering genuine commitment to the principles of Corporate Responsibility.

The focus of the Redevco Corporate Responsibility WG in 2009 was on getting Corporate Responsibility up and running in the organisation. Our main challenge is to integrate Corporate Responsibility into daily business operations, a process that takes time. In the short term, the Corporate Responsibility WG is making intensive efforts to raise awareness, set targets, establish priorities, formulate procedures and support the Board and Managing Directors in setting the agenda for Corporate Responsibility.

Targeted working groups

In 2009 the Corporate Responsibility WG established the following targeted and issue-specific working groups:

- Green Leases WG

- Corporate Giving WG

- Stakeholder Engagement WG

- Green IT WG

In 2010 new working groups will be established (e.g. Responsible Sourcing WG). Working groups may be dissolved once their specific task has been completed.