ReportAlert.info - The Crown Estate Publishes Annual Report and Accounts for 2012/13

September 6, 2013 /3BL Media/ - The Crown Estate’s annual report and accounts for 2012/13 breaks new ground as it is one the first integrated annual reports to be published that follows the International Integrated Reporting Council's (IIRC) draft framework. The full report, and regional versions, can be downloaded at http://ar2013.thecrownestate.co.uk/

There is no separate sustainability report. As sustainability lies at the core of The Crown Estate’s business, and is a driving factor behind the company’s strategy and long-term commercial success, the integrated reporting method is an ideal way of expressing how The Crown Estate creates value in the short, medium and long term.

The report and accounts show that The Crown Estate delivered another excellent financial performance in 2012/13, outperforming its market and delivering a record net revenue surplus of over £250 million. This surplus is delivered directly to the treasury for the benefit of the nation’s finances. Highlights from the last year include 7.2 per cent growth in the underlying value of The Crown Estate’s assets to £8.1 billion, a new historic high and a 19% improvement in carbon emissions intensity. The company was also awarded the Estates Gazette’s ‘2012 Property Company of the Year’ award.

In creating the report, The Crown Estate participated in IIRC’s pilot programme, sharing its experiences with other leading companies and supporting the development of an international framework for better reporting.

To accompany the report, The Crown Estate also published a Total Contribution Report which demonstrates the broader value the company delivers to the UK across a range of economic, environmental and social areas. The report can be downloaded at www.thecrownestate.co.uk/totalcontribution