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Savills Investment Management

PRI reporting framework 2018

You are in Direct - Property » Selection, appointment and monitoring third-party property managers

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

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.

ESG issues are considered in Savills IM's contracting and monitoring of third party property managers.

Third party contracts have been checked for the inclusion of the following clauses (or similar):

Wherever possible, the Property Manager will:

  • Monitor, collect and report resource consumption data
  • Engage with tenants on ESG to improve sustainability within the portfolio
  • Develop and provide training on sustainable practices/ technologies
  • Deliver property management best practice in accordance with the Better Building Partnership (BBP) Managing Agent’s Core Provisions (http://www.managingagentspartnership.co.uk/integrating-sustainability-property-management-services-core-provisions)

Where such ESG clauses already exist, monitoring performance of and adherence to these has been added to the agenda for regular review meetings between our Fund Managers and the third party property managers. Doing so has allowed Savills IM to centralise different ESG considerations taken by our third party property managers. Where no ESG clauses were found in third party contracts, portfolio managers are in discussions with third party property managers to add these.


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