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EG Funds Management

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

投資ポリシー

SG 01. RI policy and coverage

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。

当てはまるものをすべて選択してください。
ポリシーの構成要素/種類
AUMの対象範囲

01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

EG’s investment objective is to generate long-term financial and sustainable returns for investors across its investment portfolio. As a fund manager, EG’s role is to utilise sound investment judgement within our social, sustainability and corporate governance framework.

It's part of EG’s fiduciary duty to consider all factors which may impact stakeholders, the community and the environment in which EG operates. EG accordingly incorporates ESG considerations throughout the life of an investment, including the acquisition, management and the disposal of assets.

EG has committed not to purchasing any assets from a range of specified industries and manufacturers pursuant to EG’s responsibilities as a signatory to the UN Principles for Responsible Investments (UNPRI).

EG is also continually developing our compliance program to provide confidence to our investors, meet our statutory and regulatory requirements, and achieve best practice standards for governance.  Our compliance program is supported by policies and procedures (both formal and informal) detailing how certain functions are to be performed across all business units.  We work hard at consistent and transparent communication with investors and we take a long-term view to investing, working collaboratively with partners to ensure we're aligned in achieving a positive outcome for all.

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

EG has adopted an ESG Policy which mandates the consideration of ESG issues throughout the investment management process. The includes incorporating responsible investment principles in the acquisition, management and the disposal of assets. EG accordingly undertakes comprehensive asset due diligence to ensure that key ESG risks and opportunities can be identified and managed. For example, EG has developed an in-house risk management software (PRISMS) and bespoke due diligence checklist to systematically identify risks and opportunities which will not only affect the financial performance of the asset but will also have ESG impacts. 

EG’s due diligence checklist has a comprehensive ESG section with 14 questions covering a range of ESG risks and considerations. These questions consider, amongst other items, the environmental impacts of the asset and how initiatives can be undertaken to improve energy, water and waste efficiency. Consideration is also given to climate change risk. Social considerations are also assessed which often includes profiling tenants and "quality of place".  EG's PRISMS software similarly allows for a systematic approach to undertaking asset due diligence and monitoring of asset risks over time. EG reports on these ESG issues in investment proposals and then provides ESG updates to investors in quarterly reports. 

After the acquisition of an asset, EG continues to identify and manage ESG risks and considerations on an ongoing basis. EG incorporates where applicable, National Australian Built Environment Rating System (NABERS) ratings, performance monitoring, lifecycle assessments of plant and equipment, site specific OH&S risk assessments etc. in the active management of assets.

EG also manages the HISOT Fund, an ethical investment fund that focuses on improving the energy efficiency of property assets to at least 4.5 stars under the NABERS. NABERS is Australia’s building performance rating which is used to measure a building’s energy efficiency, carbon emissions, water consumption and waste production.

As a signatory to the UNPRI, EG reports annually on its adherence to the six principles of responsible investment across the business. The UNPRI are a voluntary and aspirational framework for incorporating environmental, social and corporate governance into decision-making.

EG is also currently in the process of joining the Global Real Estate Sustainability Benchmark (GRESB) and is working with a GRESB consultant to further integrate ESG consideration into its investment management processes.

Finally, EG is currently working with an independent environmental-systems specialist to codify our Responsible Investment policy. Our external consultant has been tasked with identifying best-practice industry standards and incorporating these into EG’s policy.

01.6. 補足情報 [任意]

          
        
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SG 01 CC. Climate risk (Not Applicable)


SG 02. Publicly available RI policy or guidance documents

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

02.3. 補足情報 [任意]


SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

​EG’s conflicts of interest policy mandates:

  • the appointment of a Compliance Officer to manage potential or real conflicts of interest at all times;
  • that all staff members are adequately trained on conflicts;
  • that all staff members sign a declaration upon commencement of their employment at EG and on annual basis afterwards undertaking to disclose any conflicts of interest as soon as they arise;
  • that all staff members complete an interests register;
  • a formal Conflicts Register which identifies, reviews and reports on conflicts; and
  • a quarterly review by EG’s Board of Conflicts Register

 

 

 

 

 

03.3. 補足情報 [任意]

It is an employment requirement that EG staff disclose any potential or actual conflicts of interest. EG maintains a conflict of interest register which identifies conflict of interest, the magnitude of the risk and the mechanism for resolving/monitoring the conflict.

In the event that a potential or actual conflict of interest arises, EG reports the conflict and its management of that conflict to investors at the earliest opportunity. When a potential conflict is identified, the Compliance Officer will be guided by the definition outlined in RG181.  The Officer will evaluate the nature of the conflict and determine the magnitude of the risk and likelihood of the risk.  Management of the conflict will be determined based on the outcomes of this evaluation. Management of the conflict will vary depending on its nature and may include avoidance, control or disclosure of the conflict. However, in all cases, whether potential or actual, EG actively excludes the conflicted staff member from any involvement in the matter to which the conflict gives rise. 

EG's approach is that conflicts in investment mandates should be avoided rather than managed.

As an independent unlisted fund manager, EG can commit to a 'zero conflict' policy in respect of its investment mandates. EG therefore has no need for the queuing and governance systems typically adopted by other managers to deal with investment opportunities that fit multiple investment mandates.

Accordingly, EG does not accept any new investment mandates that conflict, or have a competing investment agenda, with existing active EG mandates and does not invest as a principal in investments that conflict with existing active EG mandates.

In the event EG recommends a deal to a fund's Investment Committee and the deal is rejected, EG retains a right to promote the rejected deal to other investors, but only as a one-off deal and never as part of a competing mandate.


SG 04. Identifying incidents occurring within portfolios (Private)


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