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Universities Superannuation Scheme - USS

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
          Reduction of energy consumption of 30% between 2010 and 2020.
        
          Monitor of water consumption.
        
          Diversion of waste from landfill across the whole portfolio.
        
          We are currently on track having reduced by 23% so far.
        
          Where viable we are installing waterless urinals, sensors on basins and dual flush toilets.
        
          96% of waste is currently diverted from landfill.
        
Target/KPI
Progress Achieved
          To encourage charities to raise money in our shopping centres.
        
          Encourage our tenants to not drive but cycle.
        
          
        
          We now have dedicated charities across the portfolio which we support.
        
          In the past year we have installed new cycle stores into three of our office multi let buildings.
        
          
        
Target/KPI
Progress Achieved
          To communicate with our tenants more frequently in order to improve communications and inform decision making.
        
          
        
          
        
          We have dedicated monthly meetings, attended by the tenants, Building Manager and Property Manager at all our multi let assets, improving governance and communications.
        
          
        
          
        

09.3. Additional information. [Optional]

We closely monitor material ESG issues post acquisition.  As part of our contractual agreement with our Property Managers, they support us in implementing ESG improvements.  This may include the monitoring of waste, water and energy consumption data, comparing this against performance targets, and rolling out actions, where considered necessary, across the portfolio.


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
          EPCs
        
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
          BREEAM
        
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.

We ensure all purchased assets include an Energy Performance Certificate (EPC).  We have reviewed our EPCs across the whole portfolio against tenant leases and expires, and have set out an action plan for improvements. Where a property refurbishment or fit out occurs we ensure the works are undertaken in consideration of achieving as high an EPC grade as possible.  We will be entering the whole portfolio within the GRESB assessment in 2018.


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