Glossary

We have made every effort to keep our website free of jargon but realise some words, phrases and acronyms may need further explanation. Our glossary contains definitions for business and financial terms used throughout this site.

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B

Balanced scorecard
An approach to strategic management developed in the early 1990s by Drs. Robert Kaplan and David Norton to translate an organisation's vision into a set of performance indicators distributed among four perspectives: Financial, Customer, Internal Business Processes, and Learning and Growth.
Book value
The amount at which assets and liabilities are reported in the financial statements.
BREEAM
Building Research Establishment Environmental Assessment Method, world's most widely used environmental assessment method for buildings which assesses environmental impact against a set of objective criteria.
Break clauses
A clause contained within a lease agreement which allows the occupier to end the agreement before the fixed term of the contract runs out.
Better Buildings Partnership
A group of property organisations that support the Mayor of London’s target of reducing CO2 emissions by 60% by 2025 over 1990 levels
British Council for Offices
The BCO researches, develops and communicates best practice in all aspects of the office sector, providing a forum for the discussion and debate of relevant issues.
British Council of Shopping Centres
The BCSC promotes retail-led regeneration and growth, embracing all shopping formats and offering a powerful forum for debate and action.
British Property Federation
The BPF aims to sustain and promote the interests of all those who own and invest in property in the UK.
Building Research Establishment’s Environmental Assessment Method
The world’s most widely used environmental assessment method for buildings. It assesses environmental impact against a set of objective criteria and sets the standard for best practice in sustainable development.
BCO
British Council for Offices. The BCO researches, develops and communicates best practice in all aspects of the office sector, providing a forum for the discussion and debate of relevant issues.
BCSC
The British Council of Shopping Centres. The BCSC promotes retail-led regeneration and growth, embracing all shopping formats and offering a powerful forum for debate and action.
BPF
British Property Federation. The BPF aims to sustain and promote the interests of all those who own and invest in property in the UK.
business as usual
'Normal' everyday activities that we do not report as part of our formal corporate responsibility performance and targets. We do more than most as a matter of course.
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