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Harvard University Endowment

PRI reporting framework 2018

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Selection, appointment and monitoring third-party property managers

PR 07. ESG issues in selection, appointment and monitoring of third-party property managers

New selection options have been added to this indicator. Please review your prefilled responses carefully.

07.1. Indicate if your organisation includes ESG issues in your selection, appointment and/or monitoring of third-party property managers.

07.2. Indicate how your organisation includes ESG issues in your selection, appointment and/or monitoring of third party property managers.

Types of actions

Coverage

Types of actions

Coverage

Types of actions

          Property managers are required to provide HMC with monthly reports that address a variety of ESG issues.
        

Coverage

07.3. Provide a brief description of your organisations selection, appointment and monitoring of third party property managers and how they contribute to the management of ESG issues for your property investments.

HMC considers ESG issues when selecting and appointing third-party property managers, primarily by conducting due diligence on their ability to manage ESG issues. We also monitor their ESG performance.  For example, third-party property managers are contractually obligated to provide HMC with monthly reports that address a variety of ESG issues, such as energy management, water use, health and safety, labor relations, and tenant relations.  HMC reviews this information and enages with the third-party property manager as necessary to mitigate concerns.

Our third-party property managers are contractually required to comply with environmental, labor, and landlord-tenant laws.  They also oversee day-to-day efforts to implement environmental improvements and manage social issues at the properties.


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