Charter Hall undertakes periodic reviews of its responsible investment activities, as part of its participation in industry leading initiatives, regulatory reviews and investor requests.
Charter Hall tracks stakeholder engagement with its investors, tenants, employees and suppliers, through regular engagement, surveys, risk appetite analysis and other activities. The outcomes of this engagement are reported to the Board and considered as part of the Group’s annual strategy planning. ESG issues are incorporated within these engagement activities, for example, specific ESG questions within surveys, and are addressed as part of the Group, Customer and Sustainability strategies.
Charter Hall also participates in independent annual environmental and ESG surveys which provides independent ratings on its sustainability (environmental, governance, social) performance. These surveys include CDP, GRESB, DJSI, MSCI, FTSE4Good as well as Australian regulatory National Greenhouse and Energy Reporting (NGER).
Charter Hall seeks certification of buildings in development through Green Star Design, and As Built and Performance, through Green Star Performance and NABERS independent rating tools. Charter Hall also seeks WELL Certification for Charter Hall tenancies and new office buildings.
Environmental due diligence, including climate change considerations, is carried out in all acquisitions and the findings of these reports are considered within the financial investment decision.
A quarterly report is prepared for the CEO and Board which reviews performance against the objectives. Charter Hall report on the progress and achievements of responsible investment activities in its Annual Report and Sustainability and Shared Value report.
After the periodic reviews of responsible investment activities, emerging issues or regulation, if there is a need to update Charter Hall Sustainability Strategies or Policies, the emerging issues and subsequent updates are taken through the Charter Hall Executive, the Board Audit Risk and Compliance Committee and the Charter Hall Board.