The elements which comprise the Savills Investment Management ESG Policy are laid out below. Our full policy is available on our website: http://www.savillsim.com/documents/sim-responsible-investment-policy-2018-03-21.pdf
We adopt best practice procedures for the promotion of sustainability issues across our business. We seek to engage with and, where possible, provide training for our staff to proactively lessen their impact on the environment. We consider sustainability issues throughout our investment processes, in asset selection, pre-purchase due diligence, our asset management and disposal strategies, recently developing thorough guidance for investment teams on ESG considerations during transaction decision making processes.
We recognise that our business has social obligations to our employees and trading partners. We also accept that the operation of our business should include consideration of the communities in which we function. Savills Investment Management invests in the personal development and welfare of employees by offering training opportunities to enhance skills and knowledge and further personal development opportunities are via charity volunteer leave, an initiative of the Charitable Giving Committee (CGC), encouraging staff to make a positive impact in the community. At the beginning of each year, the CGC agrees on a fundraising calendar outlining specific initiatives to maximise and govern staff fundraising opportunities over the 12 month period. Savills Investment Management offer an impartial Employee Assistance Programme to all staff, paying attention to personal well-being. We have Conflicts of Interest and ESG policies and also adhere to the Savills Plc (our parent company) Group Health and Safety, Anti-Corruption and Environmental policies.
Responsible Corporate Governance
We observe a set of fundamental standards of sound management and professional business conduct. We have a robust governance framework to manage and mitigate investment risk (including sustainability), the full details of which can be found in the ESG policy.
Reporting and Disclosure
We are committed to transparent monitoring and disclosure of ESG objectives and asset performance for the wider business and investment community. Progress on sustainability matters at an individual portfolio level is included as standard in quarterly investor updates and addressed in annual audited and interim reports. As a signatory, we fulfill our annual UNPRI reporting requirements at a corporate level and, where appropriate, Savills Investment Management funds participate in the annual GRESB survey. We review GRESB participation annually to ensure we participate in the benchmark survey for the most relevant of our funds.