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British Columbia Investment Management Corporation

PRI reporting framework 2019

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Post-investment (monitoring and active ownership)

Overview

PR 08. ESG issues in post-investment activities

08.1. Indicate if your organisation, and/or property managers, considers ESG issues in post-investment activities relating to your property assets.

08.2. Indicate whether your organisation, and/or property managers, considers ESG issues in the following post-investment activities relating to your property assets.

08.3. Describe how your organisation, and/or property managers, considers ESG issues in post-investment activities related to your property assets.

QuadReal's post-investment activities at its properties are aimed at lessening the impact on the environment, providing for the improvement of community and tenant experiences and enhancing the value of the underlying real estate investments. Each year, responsible investing opportunities are assessed at existing and newly acquired properties with the goal of ensuring that all buildings are energy-efficient and tenant-responsive.


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

Target/KPI
Progress Achieved
          Green Certification
        
          Energy, Water, Waste data
        
          Target-setting for energy
        
          Over 90% of portfolio certified under LEED or BOMA or both
        
          Currently tracked across majority of portfolio and continuously monitored for completeness.
        
          Implemented across majority of office assets where we have direct operational control.
        
Target/KPI
Progress Achieved
          Tenant engagement
        
          
        
          
        
          Program implemented in 2018 and further refined in 2019
        
          
        
          
        

09.3. Additional information. [Optional]

 


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


Property developments and major renovations

PR 11. Proportion of developments and refurbishments where ESG issues were considered

11.1. Indicate the proportion of active property developments and major renovations where ESG issues have been considered.

(by number of active property developments and refurbishments)

11.2. Indicate if the following ESG considerations are typically implemented and monitored in your property developments and major renovations.

11.3. Additional information. [Optional]

 


Occupier engagement

PR 12. Proportion of property occupiers that were engaged with

12.1. Indicate the proportion of property occupiers your organisation, and/or your property managers, engaged with on ESG issues during the reporting year.

(in terms of number of occupiers)

12.2. Indicate if the following practises and areas are typically part of your, and/or your property managers’, occupier engagements.

12.3. Additional information. [Optional]

Our standard leases included several clauses that align with specific green lease clauses. 

Tenant level sub-metering in office buildings is increasing, along with web-based access for the tenant to their data. A tenant knowing they are being billed on the basis of their sub-metered usage, and them having access to that data is generating about an 8% reduction in their energy use.  

Through our tenant engagement program, sharing of monthly newsletters and posters promotes various ESG topics like energy efficiency, value of “walking meetings”, volunteering, green plants and healthy eating.  Many properties also host on-site activities like yoga classes and ESG lunch and learns.

 


PR 13. Proportion of green leases or MOUs referencing ESG issues

13.1. Indicate the proportion of all leases signed during the reporting year that used green leases or the proportion of Memoranda of Understandings (MoUs) with reference to ESG issues.

(in terms of number of leases or MoUs)

13.2. Additional information.


Community engagement

PR 14. Proportion of assets engaged with on community issues

14.1. Indicate what proportion of property assets your organisation, and/or your property managers, engaged with the community on ESG issues during the reporting year.

(in terms of number of property assets)

14.2. Indicate if the following areas and activities are typically part of your, and/or your property managers’, community engagement.

14.3. Additional information.


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