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  • Answers - UK's Largest Property Owner Goes Carbon Neutral

    The UK's largest property company by asset, British Land PCL, is setting an example by promising to become carbon neutral by 2008/2009. British Land PLC outlined its p
    According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
    lan of reducing energy and carbon emissions in all of its rental properties in its Corporate Responsibility Report.

    The chief executive of British Land, Stephen Hester,
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    said: "We are taking an activist approach, stepping up existing efforts and aim to lead the market in developing and managing buildings in a sustainable manner." and "By
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    financing, developing and managing properties that responsibly utilise energy, water and waste, we conserve the world's resources and can also reduce our costs and those
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    of our occupiers."

    Their Corporate Responsibility Report outlines the companies strategy to become carbon neutral in three major elements:

    1)Reduction of the carbon c
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    ntent of energy supply.

    2)Installing turbines and solar panels and investing in combined heat, power and cooling sources;

    3)Continued management and reduction of direc
    ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
    emissions

    4)Carbon credit off-setting

    In 2006, British Land PLC was able to reduced their entire portfolio's carbon emissions by 4% and water by 16%. One of British L
    easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
    and's largest assets, Meadowhall Shopping Centre, reduced their energy consumption by 11%. The Corporate Responsibility Report sets ambitious goals for 2007 in areas suc
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    as waste management, biodiversity, and community involvement.

    The company is Britain's biggest retail landlord with 50% of their portfolio invested in commercial prope
    and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
    ty. Their entire portfolio was valued at ?16.4 billion in 2006, making it one of the largest property development and investment companies in the United Kingdom.

    Briti
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    h Land has always had an environmental agenda but they are now accelerating their policy to become carbon neutral sooner. They are using their special position of influ
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    ence in the UK to advancing the cause of sustainability and set an example for all property owners to follow.

    The Company will work in close partnership with customers
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    nd suppliers to help them to reduce their energy usage. Using new technology and educating people on ways to increasing the use of renewable energy, maximise energy effi
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    iency, and off-setting carbon as the last step in achieving carbon neutrality.

    The Corporate Responsibility Report outlined its future goals:

    • 201 Bishopsgate and th
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    e Broadgate Tower wiil exceed BREEAM rating of 'Excellent' by 29%.

    • British Land is making their head offices more eco-friendly by adding cycle racks, shower facilitie
    t?

    As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
    , recycling initiatives and only Forest Stewardship Council certified timber throughout the building. The total cost for all of the refurbishments will cost over ?500,0
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    0.

    • Blythe Valley Park project has created 4,000 new permanent jobs; mare than 1,000 new homes will be built at Regents Place; and over ?100,000 has been invested in t
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    he design at the Euston Road underpass.

    • Meadowhall Shopping Center won a Business in the Community award for energy efficiency, waste management and

    employability.

    .

    As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
    Investments in education, the arts and sports total over ?658,000 .

    • Employees time given to volunteering is estimated at nearly ?300,000.

    • In future, the compa
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    ies Financial Reporting will be integrated with the Corporate Responsibility

    Reporting. The reports will be available online in order to reducing printing and paper use


    tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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