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CBRE Global Investors

PRI reporting framework 2018

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You are in Indirect – Manager Selection, Appointment and Monitoring » Monitoring

Monitoring

SAM 05. Monitoring processes (listed equity/fixed income)

05.1. When monitoring managers, indicate which of the following types of responsible investment information your organisation typically reviews and evaluates

ESG objectives linked to investment strategy (with examples)

Evidence on how the ESG incorporation strategy(ies) affected the investment decisions and financial / ESG performance of the portfolio/fund

Compliance with investment restrictions and any controversial investment decisions

ESG portfolio characteristics

How ESG materiality has been evaluated by the manager in the monitored period

Information on any ESG incidents

Metrics on the real economy influence of the investments

PRI Transparency Reports

PRI Assessment Reports

RI-promotion and engagement with the industry to enhance RI implementation

Other general RI considerations in investment management agreements; specify

None of the above

Property
ESG objectives linked to investment strategy
Evidence on how the ESG incorporation strategy(ies) affected the investment decisions and financial / ESG performance of the portfolio/fund
Compliance with investment restrictions and any controversial investment decisions
ESG portfolio characteristics
How ESG materiality has been evaluated by the manager in the monitored period
Information on any ESG incidents
Metrics on the real economy influence of the investments
PRI Transparency Reports
PRI Assessment Reports
RI-promotion and engagement with the industry to enhance RI implementation
Other general RI considerations in investment management agreements; specify
None of the above

If you select any 'Other' option(s), specify

Given that CBRE GIP invests in underlying fund vehicles, our investment teams engage with managers on ESG issues as part of  due diligence and ongoing management and monitoring. CBRE GIP’s investment decision-making process includes determining whether managers have the policies, systems and expertise needed to integrate environmental and social considerations, including climate change, into their acquisition decisions and ownership activities and have appropriate governance in place.

Once invested in an indirect vehicle, our on-going role encompasses voting, monitoring how the local operating partner is integrating ESG issues into their investment decisions and asset management along with engaging on specific ESG issues. Steps taken include:

i) Require inclusion of ESG matters/performance in quarterly/annual reports

(ii) Maintain an ESG Register (positive, neutral or negative) and Register of Corporate Actions for Clients

(iii) Annual formal review of each investment by the Investment Oversight Committee (compliance with side letter, annual GRESB results etc).

(iv) On Advisory Committees, ensuring ESG regularly reviewed and fund’s annual strategy focused on ESG improvements, including certification.

(v) Client reports include disclosure of all voting matters and ESG matters/GRESB results and commentary on planned improvement

(vi) ESG Incident Response Team: Multi disciplinary team forms to deal with major events

05.2. When monitoring external managers, does your organisation set any of the following to measure compliance/progress

ESG score or assessment

ESG weight

ESG performance minimum threshold

Real world economy targets

Other RI considerations

None of the above

Property
ESG score
ESG weight
ESG performance minimum threshold
Real world economy targets
Other RI considerations
None of the above

If you select any 'Other' option(s), specify

We require managers to participate in the annual GRESB survey to help us monitor and track performance and provide team with a tool to engage with managers on achieving specific improvements.

05.3. Provide additional information relevant to your organisation's monitoring processes of external managers. [OPTIONAL]

          
        

SAM 06. Monitoring on active ownership (listed equity/fixed income) (Not Applicable)


SAM 07. Percentage of (proxy) votes (Not Applicable)


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