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Legal & General Investment Management (Holdings)

PRI reporting framework 2018

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Overview

PR 08. ESG issues in post-investment activities

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

08.1. Indicate if your organisation, and/or property managers, considers ESG issues in post-investment activities relating to your property assets.

08.2. Indicate whether your organisation, and/or property managers, considers ESG issues in the following post-investment activities relating to your property assets.

          We ensure ESG targets and monitoring are placed in our managing agents supply chain and measures social value across our contracts
        

08.3. Describe how your organisation, and/or property managers, considers ESG issues in post-investment activities related to your property assets.

Our policy is to employ best practice techniques in all areas of sustainability in order to minimise environmental impacts, maximise social benefits and enhance asset value. Reducing environmental impacts allows us to deliver lower service charge for tenants and better returns for investors, avoiding unnecessary expenses arising from purchases, disposals or ever growing, sustainability legislation.  Best practice tenant liaison on sustainability issues, also allows us to develop better relationships with tenants and understand their future needs, so leading to improved tenant retention and possibly attraction.  A number of comprehensive initiatives have already been put in place, to strengthen our portfolio, as follows:

  • Energy Performance Certificates (EPC’s) on all applicable assets
  • 100% of service charge properties with IS0 14001 accreditation.
  • Adopting ‘green’ clauses into our standard lease since 2011.
  • BREEAM excellent on all new developments and where possible on major refurbishments.
  • Annual Reporting to GRESB, and Better Buildings Partnerships Real Estate Environment benchmarking (REEB).
  • Asset Sustainability Plan (ASP) for all assets covering a long term strategic view
  • Quarterly Sustainability Reports – for each asset and per fund, showing performance against targets.
  • Annual sustainability action plans (ASAPs) with quanitiave targets and quartelry reproting for every asset.
  • Tenant Liaison procedures for sharing data and progressing annual action plans.
  • Social value studies, health and well being  assessments and embedded carbon studies

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