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InfraRed Capital Partners Limited

PRI reporting framework 2019

Export Public Responses

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Property monitoring and management

PR 09. Proportion of assets with ESG targets that were set and monitored

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

Progress Achieved
          Introduce LED lighting at all asset classes
          Refurbish office buildings to recognised "green" standard
          Pro-active approach to complying with MEES legislation
          Culture established of replacing light fittings with LED - in both front and back of house locations. It has become routine practice in Business Plans.
          London, Paris and German office themes have delivered refurbishments to local / international green standards as a fundamental part of Business Plans.
          Strategy implemented for existing assets to identify works required to take non-compliant units (in 2018) to EPC rating of E or higher.
Progress Achieved
          Health and Wellbeing
          Community Engagement
          All six shopping Centres within InfraRed’s portfolio achieved Disability Confident status – a scheme run by the Department of Work and Pensions.
          A range of H&W initiatives were delivered all projects. Ping pong parlours opened in shopping centres, cycle/shower facilities added in offices among other things.
          Sports sponsorship from one Chinese asset. Significant Community engagement activities across the retail portfolio, as part of InfraRed’s Operational Excellence theme in this space.
Progress Achieved
          Independent audit of managing agent approach to Health & Safety
          Standardised appointment documentation for building contractors and construction professionals
          Quarterly reporting to Investment Committee to review progress of ESG initiative implementation and legislative compliance.
          InfraRed commissioned an independent audit of managing agent practice around H&S, to drive further consistency across the European portfolio. No material concerns were raised.
          Consistent process established for construction projects, reflecting fit for purpose in each geographic jurisdiction.
          ESG and legislative compliance is a standing agenda item at Investment Committee quarterly review meetings.

09.3. Additional information. [Optional]

The ESG policy was formally established in 2013, to formally record ESG performance and this has been adopted on all transactions from 2013.

PR 10. Certification schemes, ratings and benchmarks (Private)