Corporate governance is a critical element of our selection, appointment and monitoring of third-party operators. Where other ESG issues have been identified as potentially material, these issues are incorporated as well.
Our expectation is that any ESG issue with the potential for either a material impact on the asset in question or for a reputational impact on the asset or its investors (including OPTrust) will be proactively identified to us and will be managed accordingly. Our program is based on direct and regular contact between team members and external managers (GP- and asset-level). Our team members are required to monitor material ESG issues, and the proposed mitigation or exploitation strategy, on a proactive basis.