Tenants: Saving your Energy & Carbon

CO2 reduction programme 2008 – 2015

We are spending to save you running costs. Rental portfolio policy is to support investment made by tenants and improve the energy efficiency of the assets as well as minimising their CO2 impact.

We are pledged to invest 1% of portfolio rental income in such measures between 2009 and 2015 inclusive. Our plan is to upgrade the following in the following order. We also have several years back provided basic loft insulation and put in new double glazing to certain limited number of properties. All properties have modern (under 10 years old) boilers or night storage equipment, but there are advances in technology here which we have specific plans to upgrade.

2009-2010: Loft 200mm insulation and new double glazing; start roll out of radiator controls; start on investing in upgraded energy washing machines
2010-2011: Roll out new energy efficiency grade A or B washing machines, condensing boilers from 2011 or 2012
2013-2014: Expand loft upgrades, new double glazing programme; condensing boilers; fan assisted night storage heating
2015: Micro-generation; condensing boilers; fan assisted night storage

The pledge is to invest 1% * but our budget is as outlined above, an average of over 1.5%. Arguably of more importance is the detail – this is not a general aspiration but a scheduled roll out property by property.

* The pledged 1% is a pledge of minimum 4% over a four year period AND 0.6% pa over a three year period.

This is a long haul and we are planning in a detailed way to roll out the programme which saves you running costs and reduces emissions.

The MINORITY of the costs to us as landlord are directed directly to energy reduction. This is a mix of CO2 and energy cost savings. For example, an efficient washing machine probably saves £30 per annum but costs £400 – not in itself a good investment. (Washer drier saves more money but only because a washer dryer is energy wasteful). Alternatively things which cost little such as an AIRING CUPBOARD will save well over £200 per annum for a large household. Intelligent use of THERMOSTATS and radiator CONTROL KNOBS (where provided – we are rolling this out and it’s surprising how much it costs) will save you £££. Switch off lights. Use the cooker more efficiently. Much of the energy savings will only work if you use the house / flat intelligently.

So:

• We are planning in detail to put the principles of global leadership such as Mexico City conferences into practice.
• We are sharing this with you and are keen on a dialogue with you all as tenants.
• We budget for 1.5% per annum, which is a large sum we may not be able to afford, so we pledge 1% per annum – itself a substantial sum, we strongly believe.
• We would like you to compare our approach with that of our competitors (some of whom are doubtless very good, but not so explicit as us, we believe).
• We shall attempt to bring 2013 planned spending forward into 2011 and will review Summer Autumn 2011 in the light of interest rates.

Carbon policy is part of our non-financial business placing, as is a policy regarding charity payments. See elsewhere on leahomes.co.uk and by contacting landlord. Brian Foster Foundation (2001) reg charity 1088940

Downloads (EPC Certificates):

	72 Guildford Park Avenue GU2 7NL
	28 Guildford Park Road GU2 7ND
	8 Old Court Road GU2 7UF
	3 Stag Hill GU2 7TW
	28 Elmside GU2 7SH
	52 Haydon Place GU1 4NE
	82 Haydon Place GU1 4LR
	84 Haydon Place GU1 4LR