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Charter Hall Group

PRI reporting framework 2019

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Charter Hall is a signatory to PRI and reports annually.

Charter Hall participated in stakeholder engagement in the assurance review, in 2016 .  During FY17/18 Charter Hall's Community and Sustainability Manager chaired the Assurance Working Group.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Charter Hall has been a signatory to CDP Climate Change, since 2011, and reports annually.  Charter Hall personnel participate in CDP training sessions and engages with CDP.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Charter Hall has participated in the GRESB Survey since 2012, and in 2016 became a corporate member of GRESB.

Charter Hall has attended training events and attended and presented at the Australian GRESB results in 2016 and 2018.

Charter Hall employees participated in the Regional Benchmarking Reference Group and the Health and Wellbeing Group during FY17/18.

In FY18 Charter Hall had eight funds participate in GRESB, including Charter Hall Retail REIT, Charter Hall Long WALE REIT, Charter Hall Office Trust, Charter Hall Prime Office Fund, Charter Hall Prime Industrial Fund, Charter Hall Brisbane Square Fund, Charter Hall Direct Office Fund and Charter Hall Core Logistics Partnership.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Charter Hall Group employees participated in the UN Global Compact Network (Australia) industry briefings on the Modern Slavery legislation and modern slavery movements internationally; as well as the development of the Australian Modern Slavery legislation, as part of the development of the Charter Hall Human Rights Framework.

          Green Building Council of Australia (GBCA)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Charter Hall has undertaken in-house training with the GBCA to expand the knowledge of Charter Hall personnel on the Green Star tools.

Charter Hall has engaged with the GBCA in developing new additions to the Green Building standards including improving the application of these standards to industrial and retail development, incorporation of the tool to include existing and new buildings, and feedback on the new wellbeing modules.

Charter Hall has also been involved in the development of the Health and Wellbeing module for Green Star and participates in the Industry Working Group advising on the new Green Star Tool development.

 

          City of Sydney's Better Building Partnership
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Charter Hall is a founding member of the City of Sydney's Better Building Partnership.  Charter Hall personnel are involved in the Leadership Panel and chair the Tenant Engagement Committee, as well as having representation on all Better Building Partnership Committees.

Charter Hall properties have participated in pilots for waste de-fit reduction and have adopted the BBP Waste guidelines.

Charter Hall was actively involved in the creation of the Green Lease documents and our precedent office lease has been rated as a Gold Standard Green Lease

          Property Council of Australia Board, Sustainability Roundtable and regional committees
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Charter Hall personnel are involved in the Property Council of Australia's Board, Chair and participate in a range of diversity, sustainability and regional committees, providing information for responses to Government policy as well as industry leadership in areas including diversity, climate change policy, modern slavery legislation, building codes and energy policy, to name a few.

Charter Hall's CEO and MD is a Board member of the PCA and a Male Champion for Change and has actively facilitated this initiative both within Charter Hall as well as to the wider industry.

 

          Cleaning Accountability Framework (CAF)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Charter Hall is involved in reference groups to develop and implement the principles of the CAF.

Charter Hall has nominated pilot sites to trial CAF initaitives in FY17/18


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Charter Hall is a founding, financial and executive member of the City of Sydney's Better Building Partnership, which undertakes industry research on building emissions, waste programs, green leases and tenant engagement in reducing emissions.

Charter Hall is a member of the Property Council of Australia, which undertakes a range of research https://research.propertycouncil.com.au/research-and-data and research that informs trends and tools used by the property industry and research in its advocacy on Leading Sustainability https://www.propertycouncil.com.au/Web/Advocacy/Advocacy_Priorities/Web/Advocacy/Priority/Our_priorities.aspx?homepage=3%20NoRightColumn%3DNo&iSession=56d4845ddff04af7a6d5f16a545b68d7,49d89a9d7134466598020fc8471f8e18,49d89a9d7134466598020fc8471f8e18,56d4845ddff04af7a6d5f16a545b68d7,49d89a9d7134466598020fc8471f8e18,49d89a9d7134466598020fc8471f8e18.

Charter Hall also supported research by University of Western Sydney on the Future of Education as an asset class.
        

Frequency of contribution

Description

          Charter Hall personnel participated, as the Chair, in the PRI Assurance Working Group to encourage better transparency and disclosure of responsible investment practices across the investment industry.
Charter Hall personnel provide regular briefings to investors on a range of existing and emerging responsible investment practices being undertaken by Charter Hall as well as those Charter Hall is preparing to address.
Charter Hall personnel participate in Industry working groups including the Property Council of Australia Round-tables on Risk and Sustainability; GRESB Benchmarking Working Group; and the GBCA Industry Advisory Group.
        

Frequency of contribution

Description

          Charter Hall's CEO participated and spoke at the Better Building Partnership Executive luncheon and the Property Council of Australia's National Congress.
Charter Hall personnel participated in Property Council of Australia training sessions for property professionals on sustainability.
Charter Hall's Head of Sustainability and Community participated in a forum at the GRESB Oceania Results event in September 2018.
        

Frequency of contribution

Description

          Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.
ESG issues are considered in asset acquisition due diligence processes, as well as operational and capital budget expenditure, with many ESG initiatives underway across the portfolio, ranging from climate change adaptation, improved energy, water and waste efficiencies, employee and stakeholder engagement and community investment.

Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.
Charter Hall has actively incorporated ESG into our operational practices, from Green Leases, to Green Star and GRESB ratings and improvement plans, to fitout guidelines and development guidelines. 

Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.
Charter Hall disclose our sustainability approach and achievements in our annual report (https://charterhall.reportonline.com.au/fy18/chc/) and our annual Shared Value and Sustainability Report ( https://charterhall.reportonline.com.au/fy18/sustainability-report/)

Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.
Charter Hall participates in a range of property and investment industry groups.  Charter Hall personnel participate and sit on several committees in these organisations which promotes and implements industry wide ESG and PRI principles.

Principle 5: We will work together to enhance our effectiveness in implementing the Principles.
Charter Hall is a member or participant in a range of industry groups, which provides feedback and joint promotion of the ESG and PRI principles.

Principle 6: We will each report on our activities and progress towards implementing the Principles.
Charter Hall provides a Group Annual Report and Half Yearly reports and presentations which report on our Sustainability approach, targets and achievements. (https://charterhall.reportonline.com.au/fy18/chc/). Charter Hall Group also provides an annual Shared Value and Sustainability Report which outlines our strategy and targets and achievements for the financial year (https://charterhall.reportonline.com.au/fy18/sustainability-report/)
        

Frequency of contribution

Description

          Charter Hall has been showcased in the Australian media on its Green Star Footprint, approach to people and flexible working and innovation in environmental comfort, the Charter Hall Prop Tech initiatives and tenant engagement.
Charter Hall provides regular social media posts on its environmental and community investment.
Charter Hall community partners (WWF Australia and Two Good) have published videos on social media outlining the community investment programs which has resulted in increased awareness of climate change and domestic violence.
        

Frequency of contribution

Description

          Charter Hall's Community and Sustainability Manager was the Chair of the PRI Assurance Working Group during 2018.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

Financial Support

Charter Hall's involvement in industry groups such as the Green Building Council of Australia, the Property Council of Australia, the Better Building Partnership and the Cleaning Accountability Framework, provides financial support for industry research on responsible investment.  Charter Hall also provided financial support to research into responsible investment in the future of education with the University of Western Sydney.

Charter Hall provides financial support to other industry groups such as the Shared Value Network, promoting shared value practices in corporate Australia.

Charter Hall provides financial support to Social Traders, an industry body that develops the capablity of the social enterprise sector in Australia.  Other financial suppport is provided to community partners including Australian Red Cross (on resilience programs and services); Foundation for Young Australians (mentoring young social pioneers); Property Industry Foundation (supporting disadvantaged young people); and Two Good (providing support and employment for women experiencing domestic violence).

Leadership 

Charter Hall participated in and provided case studies for encouraging diversity in the property and investment industry, through our involvement in Property Male Champions of Change.  Charter Hall is a founding member of the Property Male Champions of Change and our CEO sits on the Property Council of Australia Board.  

 


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

Climate change and energy policies

Charter Hall personnel have participated in working groups and industry forums, where public policy makers and regulators have participated or engaged on issues about the uncertainty in the Australian policy and political arena on energy security and pricing, climate change and emissions targets.  Charter Hall has provided feedback at industry sessions and forums to key policy makers and politicians and provided content into the Property Council submissions to Government.

Charter Hall has also participated in forums that assisted Federal and State Governments in the development of Carbon Neutral standards.

Modern Slavery Legislation

Charter Hall personnel have participated in working groups and industry forums to provide feedback on the Australian Federal Government's Joint Standing Committee on Foreign Affairs, Defence and Trade Inquiry into establishing a Modern Slavery Act in Australia.  https://www.aph.gov.au/modernslavery.  Charter Hall personnel have provided content and feedback on the Property Council submission into this inquiry.  Charter Hall is also a participant in the PCA Pilot to develop a Pre-qualification tool assessing modern slavery risk for suppliers of the property industry.

 

 

 


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