We are committed to minimising our impact on the environment in our rental properties and in the offices of our key partner, PMM, by reducing our utility use and minimising the amount of waste we produce and send to landfill. Our Environment Policy formalises our approach and sets guidance as to how Phoenix Spree, PMM, and other key suppliers should operate.

 Throughout the property refurbishment process, we work with our contractors to minimise the amount of waste by re-using materials, where feasible. In line with our Sustainable Procurement Policy, we aim to use products and materials that have a low environmental impact, so long as their technical performance meets the required standards and they are economically viable for refurbished properties. This includes items such as energy and water efficient fittings and paint that has a Blue Angel award.

 Measuring the total utility usage within our rental properties is not feasible as the majority of our tenants have a direct contract with utility providers which limits our visibility and oversight of tenant energy consumption. Despite not having direct control over much of the properties’ utility usage and waste, our aim is to encourage our tenants to reduce their utility usage by providing them with helpful hints and advice. The electricity supplied to our buildings is increasingly from renewable sources and many of our properties have been awarded recycling awards.

Given the majority of the day to day running of Phoenix Spree’s operations is undertaken by our property advisor, PMM, we focus on their offices when reviewing our direct environmental impact. Both PMM’s Berlin and London offices are fitted with energy saving products, with the latter meeting RICS SKA Silver standards. PMM has appointed an Environment Champion for each office to encourage employees to reduce their utility usage, improve recycling and reduce the amount of paper used within the business.