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AMP Capital Investors

PRI reporting framework 2019

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Occupier engagement

PR 12. Proportion of property occupiers that were engaged with

12.1. Indicate the proportion of property occupiers your organisation, and/or your property managers, engaged with on ESG issues during the reporting year.

(in terms of number of occupiers)

12.2. Indicate if the following practises and areas are typically part of your, and/or your property managers’, occupier engagements.

12.3. Additional information. [Optional]

Further details on our sustainability practices with occupiers and tenants include:

  • Sustainability guides. Tenancy fitout guidelines are provided to all incoming tenants.
  • Building connection events. Events are open to occupiers to promote both sustainability awareness and to maintain and enhance tenancy relationships. This includes quarterly meetings between property managers and tenants, support for Earth Hour, National Recycling Week and World Green Building Week.
  • Energy and water efficiency. AMP Capital's 'Building connections' events and targeted newsletters provide occupiers with tenancy consumption and asset performance data, and suggestions to improve that performance.
  • Waste minimisation. Similar to energy and water efficiency, information on waste minimisation is shared at building connection events, and through newsletters and tenancy walk-throughs by waste contractors.
  • Occupier satisfaction surveys. Annual surveys ask occupiers a broad range of questions about the space they occupy, from sustainability issues to building amenities and operations.
  • Health and wellbeing. We implement wellbeing initiatives including promotion of facilities for cyclists and gym users, access to fitness (Live Life Get Active program), in-house yoga sessions, alliances with local gyms and mental health initiatives (e.g. RUOk day)
  • Green leases: Green Lease clauses compliant with Better Buildings Partnership Leasing Standard were integrated into AMP Capital’s Standard Lease documentation. This includes clauses on both management practices and controls to monitor tenant compliance. 

PR 13. Proportion of green leases or MOUs referencing ESG issues

13.1. Indicate the proportion of all leases signed during the reporting year that used green leases or the proportion of Memoranda of Understandings (MoUs) with reference to ESG issues.

(in terms of number of leases or MoUs)

13.2. Additional information.

AMP Capital's green lease provisions focus on achieving minimum standards in building energy and water efficiency, typically using the NABERS rating system, and complies with the Better Buildings Partnership Green Lease Clauses. We also provide a framework for engagement with the occupiers to educate and inform them about sustainability and ESG issues.

Green Lease provisions in our standard lease typical cover the following issues:

  • General commitment to managing and operating the Building and the Premises to promote energy efficiency and minimise the environmental impact of the use and occupation of the Building.
  • Cooperation between landlord and tenant on environmental initiatives
  • Mutual participation in building management committees
  • Optimisation of the Building Management System to ensure the efficient supply of the Services to the Premises and the Building.
  • Reciprocal commitment to provide relevant information or data
  • Commitment by the Tenant to impose obligations on fit-out contractors not to adversely affect building environmental performance ratings such as NABERS or Green Star
  • Commitments that operations and maintenance contractors will not adversely impact the NABERS rating
  • Cleaning contracts to include requirements for cleaners to comply with waste minimisation strategies, or energy or water reduction strategies as relevant, and use, where practical, least harmful cleaning products.
  • Commitment to use reasonable endeavours to minimise energy and water consumption and cooperate with waste management strategies in place for the Building.
  • Commitment to minimise waste and maximise recycling of waste products, including requirement that only compostable packaging, cutlery, cups are used for food packaging and ban on single use plastic bags or straws (food retail tenants only).