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Savills Investment Management

PRI reporting framework 2018

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Property monitoring and management

PR 09. Proportion of assets with ESG targets that were set and monitored

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

09.1. Indicate the proportion of property assets for which your organisation, and/or property managers, set and monitored ESG targets (KPIs or similar) during the reporting year.

(in terms of number of property assets)

09.2. Indicate which ESG targets your organisation and/or property managers typically set and monitor

Target/KPI
Progress Achieved
          Create an action plan for a programme of Green Office initiatives in 2018
        
          
        
          
        
          At least x1 event / initiative has been scheduled per quarter for 2018, to improve environmental sustainability and enhance ESG engagement across all business functions
        
          
        
          
        
Target/KPI
Progress Achieved
          Stakeholder engagement with external stakeholders on ESG; map findings in matrix against internal stakeholder engagement (took place in 2017)
        
          Carry out gap analysis of health and wellbeing GRESB module, develop action plan determining scope of H&W activity for 2018, participate in GRESB module
        
          Create ESG PR and Marketing plan to raise awareness of Savills IM ESG activities
        
          Internal stakeholder analysis completed, analysed, and results presented to board. External stakeholder identified and partially engaged.
        
          Gap analysis performed with HR and WELL accredited sustainability consultant. Action plan created for 2018. GRESB survey will be submitted 30 June 2018.
        
          Incomplete
        
Target/KPI
Progress Achieved
          Gap analysis performed to align ESG reporting with INREV sustainability guidelines, where appropriate
        
          Engage GEC with ESG issues
        
          
        
          Incomplete
        
          Met with GEC representatives in Q4 2017 to report achievements over the year and establish priorities for the following year. Annual process established.
        
          
        

09.3. Additional information. [Optional]

We have corporate and fund level annual road maps which allow us to set and track the progress of specific ESG targets. These road maps have been put in place so that the we maintain a structured approach to our ESG objectives. The road map objectives target all aspects of ESG: environmental (resources, e.g. water, waste and carbon), social/ engagement/ community matters, and governance/ compliance. Road map ESG targets are SMART (specific, measurable, achievable, realistic, time-related) even where they are qualitative rather than quantitative, to allow for effective implementation and monitoring.


PR 10. Certification schemes, ratings and benchmarks

10.1. Indicate whether your property assets are assessed against certification schemes, ratings and/or benchmarks

10.2. List the certification schemes, ratings and/or benchmarks your property assets are assessed against and what proportion of your property assets they apply to.

Specify
          EPC
        
Proportion of property assets these apply to

(in terms of number of property assets)

Specify
          GRESB
        
Proportion of property assets these apply to

(in terms of number of property assets)

Specify
          Leed
        
Proportion of property assets these apply to

(in terms of number of property assets)

10.3. Indicate if your organisation uses property specific reporting standards to disclose information related to your property investments’ ESG performance.

10.4. Additional information.

Ensuring investment individuals are aware of the Minimum Energy Efficiency Standards (MEES) regulations ahead of 2018 was achieved, and all EPC risks identified across our UK assets.

Since 2012, we have completed the GRESB survey for up to 8 funds on an annual basis, improving the overall scores in the last reporting period (2017) by 6%, and by 99% across all funds since participation. This year we will submit the survey for 11 funds, to illustrate our growing commitment to ESG in our assets.

In 2017, we equipped investment and asset management teams with a matrix of green building certificaiton, to help them make educated decisions about the most appropriate certification to strive for on portfolio assets.

C. 2.4 million sq ft of Savills IM gloabl property assets are Green building certification accredited, with 48% of these acheiving BREEAM Very Good or better (New Construction and In Use), 20% of these acheiving Swedish Green Building Certificate, and 17% acheiving the German DGMB Gold rating.

 

 

 

 


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