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La Fran├žaise Group

PRI reporting framework 2019

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Pre-investment (selection)

PR 04. Incorporating ESG issues when selecting investments

04.1. Indicate if your organisation typically incorporates ESG issues when selecting property investments.

04.2. Provide a description of your organisation's approach to incorporating ESG issues in property investment selection.

Our Investment process is based on financial real estate analysis and extra-financial analysis (environmental, social and societal).

Regarding Environment, we aim to favour the development of environment-friendly constructions, to reduce the impact of real estate on the environment and to strengthen regulations (ie. European Harmonization of the energy performance of buildings).

Regarding Social aspects, we favour the development of constructions attentive to the occupants. It means that we take into account the comfort and well-being of the occupants in the building, the appreciation of the nearness of services and shops and lastly, the quality of health and safety features.

Regarding Societal aspects, we favour real estate projects related to economic and social solidarity initiatives. Extra-financial analysis is further applied to the selection of service providers. Our invesment decision process is divided into four steps. Firstly, we select real estate assets with a positive overall evaluation of SRI characteristics. Secondly, we conduct due dilligences. The third step is to establish the business plan and to rate the asset. The last step is selecting the occupiers, establishing the green lease and/or making refurbishement plans.

04.3. Indicate which E, S and/or G issues are typically considered by your organisation in the property investment selection process, and list up to three examples per issue.

Environmental example 1, description

          All the environmental and social items selected are reviewed prior to an investment through our Diagtech tool (developed internally). We can give access to what a Diagtech of a property looks like upon demand.
        

Environmental example 2, description

          All the environmental and social items selected are reviewed prior to an investment through our Diagtech tool (developed internally). We can give access to what a Diagtech of a property looks like upon demand.
        

Environmental example 3, description

          All the environmental and social items selected are reviewed prior to an investment through our Diagtech tool (developed internally). We can give access to what a Diagtech of a property looks like upon demand.
        

Social example 1, description [OPTIONAL]

          All the environmental and social items selected are reviewed prior to an investment through our Diagtech tool (developed internally). We can give access to what a Diagtech of a property looks like upon demand.
        

Social example 2, description [OPTIONAL]

          All the environmental and social items selected are reviewed prior to an investment through our Diagtech tool (developed internally). We can give access to what a Diagtech of a property looks like upon demand.
        

Social example 3, description [OPTIONAL]

          
        

Governance example 1, description

          
        

Governance example 2, description

          
        

Governance example 3, description

          
        

04.4. Additional information. [Optional]


PR 05. Types of ESG information considered in investment selection

05.1. Indicate what type of ESG information your organisation typically considers during your property investment selection process.

05.2. Provide a brief description of how this ESG information was incorporated into your investment selection process.

Our ESG strategy has been developed mainly in view of our specific SRI property asset investments, but it is now also deployed and used for all our investments.It consists of an ESG matrix deployed internally of more than 80 criteria as well as an internal performance management tool, Diagtech, used to assess real estate on a number of data points (several hundreds) of which a large part are ESG related. Both the internal matrix and the Diagtech are analysed and used as due diligence prior to making any new investment. 


PR 06. ESG issues impact in selection process

06.1. Indicate if ESG issues impacted your property investment selection process during the reporting year.

06.2. Indicate how ESG issues impacted your property investment deal structuring processes during the reporting year.

06.3. Additional information.


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