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Harvard University Endowment

PRI reporting framework 2018

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Overview

PR 08. ESG issues in post-investment activities

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

08.1. Indicate if your organisation, and/or property managers, considers ESG issues in post-investment activities relating to your property assets.

08.2. Indicate whether your organisation, and/or property managers, considers ESG issues in the following post-investment activities relating to your property assets.

08.3. Describe how your organisation, and/or property managers, considers ESG issues in post-investment activities related to your property assets.

HMC's third-party property managers take a number of steps to manage ESG issues during post-investment activities.  As noted previously, third-party property managers are required to report to HMC on ESG issues on a quarterly basis.  Third-party property managers also engage with a variety of regulatory bodies to ensure that ESG issues and plans are fully addressed.  HMC encourages its joint venture partners to implement energy efficiency measures at our properties.  These ESG measures include, but are not limited to: multiple strategies to diminish water use; numerous energy efficiency initiatives; use of local and organic food vendors; provision of affordable housing; anti-bribery efforts; and diminishing packaged waste.  At some properties, third-party property managers use social media and signage to encourage tenants or patrons to improve their environmental or social footprint, and engage more generally with tenants around ESG issues, such as recycling and energy efficiency.  Development investments are encouraged to utilize sustainable building materials, and several development projects engage Leadership in Energy and Environmental Design ("LEED") consultants for advice on best practices.  Several of our buildings are LEED-certified or seeking LEED-certification.  As we renovate existing properties, we seek opportunities to make them more energy efficient.  For example, at one site, we are installing more water-efficient toilets, and we will monitor whether water usage drops as more of these toilets are installed.  Some of our sites re-roof with light reflective roof membranes.  In many cases, we also retrofit old light fixtures, which can result in significant energy savings.  Additionally, when we replace heating, ventilation, and air conditioning systems at certain sites, we replace them with high efficiency models


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