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You are in Strategy and Governance » Objectives and strategies
The company's sustainability objectives are documented in a roadmap which is reviewed monthly with our sustainability consultant. These objectives are reviewed and agreed by representatives of the GEC at the beginning of each year calendar year, and assessed half yearly and at year end. The inclusion of a specific delivery method and deadline for each objective provides a reliable way of tracking progress and achievements throughout the year, allowing effective reporting of the company's achievements. The roadmap is also discussed at quarterly ESG Committee meetings.
Create and provide training for ESG KPI Scorecard, and determine most effective way to integrate KPI Scorecard metrics into PMC process
In 2017, training guidance was created and rolled out to investment teams specifying ESG criteria for consideration in asset purchase and disposal processes. Our 2018 Roadmap contains objectives to stenghten our processes on and train staff to incorporate better ESG practice in ongoing portfolio management.
The following steps define the 2018 ESG incorporation training target:
Investigate options for a custom ESG training programme and ensure delivery to all staff
The following steps define the 2018 ESG engagement training target:
Create annual ESG Marketing and PR plan, and implement initiatives throughout the year
The following steps define the 2018 ESG communication target:
Mid-year review of ESG materiality and ranking, and present year end ESG results to GEC
The following steps define the 2018 target to encourage change to management of ESG issues:
Provide training on use of ESG Acquisition / Disposal guidance (as part of TAC process)
In 2017, Savills IM created and rolled out a detailed checklist of ESG consierations for investment teams during acquisition and disposal processes. The 2018 KPI is to provide training on the use of these guidelines to investment teams. PROGRESS: Planned for Q2 2018 onwards.
Conduct ESG materiality review for external stakeholders including tenants, investors, and peers
Activity is scheduled for Q2-Q3 2018. Results will be mapped against the ESG materality review caried out with staff, and an ESG materiality matrix will be produced to ensure our ESG policies are aligned to our stakeholder requirements.
Analyse and create action plan including ring-fenced ESG CapEx budget, for funds 8 funds participating in GRESB; implement Green Building Certification guidance
The following steps define the 2018 target to improve ESG ratings in portfolios:
Create ESG case studies
As part of the target to enhance ESG PR and Marketing, specific steps include the prduction of case studies: PROGRESS: Completed. Case studies have been created and are scheduled to appear on the corporate website in Q1 / Q2 2018.
Publish ESG case studies on website
As part of the target to enhance ESG PR and Marketing, specific steps include the prduction of case studies, to be featured on the corporate website: PROGRESS: Case studies are scheduled to appear on the corporate website in Q1 / Q2 2018.