This report shows public data only. Is this your organisation? If so, login here to view your full report.

Schroders

PRI reporting framework 2019

Export Public Responses
Pdf-img

You are in Direct - Property » Post-investment (monitoring and active ownership) » Property monitoring and management

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
          Energy reduction target established for UK operational assets. Similar target to be established for European assets.
        
          Energy Performance Certificate (EPC) profile for all UK funds to be reviewed
        
          
        
          2018 saw the completion of a two year target for the UK. A new UK target and targets for European assets are being finalised.
        
          All UK asset EPCs reviewed and actions determined to manage compliance risk of UK minimum EPC rating legislation
        
          
        
Target/KPI
Progress Achieved
          Employees to undertake sustainability related training to maintain competence
        
          Develop baseline for key aspects of health, wellbeing and productivity performance at priority existing assets
        
          
        
          Training delivered internally to the majority of staff
        
          Health and safety survey completed for office assets to establish credentials
        
          
        
Target/KPI
Progress Achieved
          Ensure a consistent approach to property management by our third party property managers in line with our requirements
        
          Participate in Global Real Estate Sustainability Benchmark, the global standard for assessing ESG performance of for real estate funds and companies: green star aim
        
          
        
          Key performance indicators scored for UK property managers in 2018, target scores established with European property managers for scoring in 2018/19
        
          Eight funds participated in 2018, one as a first year Grace period participant, with seven achieving Green stars
        
          
        

09.3. Additional information. [Optional]

We set our Sustainable Investment Policy annually and it's approved by the Investment Committee. The Policy comprises our commitments and targets and applies to all assets (UK and European). Our overarching objective is to ensure our sustainability programme for the investment management of funds and assets addresses landlord responsibilities and aspires to consider overall building construction, refurbishment, management and operation through developing greater collaboration with tenants.

For 2018 there were a number of qualitative objectives in addition to the more quantitative targets referred to in section 9.2:

•          Ensure the application of a consistent approach to property management by our third party property managers in line with our requirements

•          Understand the sustainability opportunities and risks for standing investments and potential acquisitions

•          Deliver developments and refurbishments to sustainable standards in line with our requirements and achieve building certifications (i.e. EPC, BREEAM, Ska, LEED, HQE) where appropriate

•          Manage compliance with environmental legislation and regulation for all portfolios.

•          Ensure waste management plans are in place for all managed assets where appropriate


PR 10. Certification schemes, ratings and benchmarks

10.1. Indicate whether your property assets are assessed against certification schemes, ratings and/or benchmarks

10.2. List the certification schemes, ratings and/or benchmarks your property assets are assessed against and what proportion of your property assets they apply to.

Specify
          National Energy Performance Certification schemes
        
Proportion of property assets these apply to

(in terms of number of property assets)

Specify
          Green building certifications (BREEAM, LEED)
        
Proportion of property assets these apply to

(in terms of number of property assets)

Specify
          Global Real Estate Sustainability Benchmark
        
Proportion of property assets these apply to

(in terms of number of property assets)

10.3. Indicate if your organisation uses property specific reporting standards to disclose information related to your property investments’ ESG performance.

          INREV and EPRA sustainability standards
        

10.4. Additional information.

The Schroder Real Estate portfolio comprises assets in the UK and Continental Europe, there are therefore a number of certification schemes which are relevant, and these may be country specific as required by EU or national legislation or in accordance with market practice.

Certification schemes may relate to an individual building for example an energy performance certificate rating or Building Research Establishment Environmental Assessment Methodology BREEAM (an environmental assessment method and rating system for buildings).

We are fund manager members of and participate for most funds in the Global Real Estate Sustainability Benchmark "GRESB" which is the global standard for assessing ESG performance of for real estate funds and companies.

We include sustainability reports within annual fund report and accounts which are aligned with INREV Sustainability Reporting Guidelines 2016 or EPRA Best Practices Recommendations on Sustainability Reporting 2017 as appropriate.

We are members of the Better Buildings Partnership and submit property data to their Real Estate Environmental Benchmarks (REEB).


Top