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Ashmore Group plc

PRI reporting framework 2020

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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
          Design and execute according to responsible investing policy including sustainable certifications
        
          Qualified Staff
        
          Water and energy consumption, waste disposition and recycling rate
        
          - Our projects have sustainability targets for design and construction. One project received the EDGE Certification and three received preliminary Certification during the reporting period.
        
          - Depending on projects’ complexity having dedicated generalist environmental and OHS professionals working alongside specialists is a contractual condition and is monitored for all investments.
        
          - Monitor water and energy consumption, designing a model to assess the savings associated with efficiency measures. 
- The recycling rate during 2019 was 36%.
        
Target/KPI
Progress Achieved
          Affordable housing units
        
          Jobs created
        
          Occupational Health and Safety(OHS) Standards
        
          - Over 73% of the residential units in the portfolio are affordable (over 31,000). 
- 69% of our portfolio is adjacent to public transport.
        
          - Each portfolio project creates approximately 350 direct jobs. We have created approximately 15,000 direct jobs through our portfolio.
        
          - Strict OHS standards, in-line with the IFC standards. 
- During the reporting period our accident and incident rate was well below national average.
        
Target/KPI
Progress Achieved
          Transparency
        
          Anti-bribery/corruption
        
          AML/KYC
        
          Local governing boards for investment vehicles established including independent members.
        
          Character risk due diligence conducted for prospect partners and integrated as part of the overall risk assessment for the potential portfolio investments.
        
          AML and KYC procedures established and implemented in collaboration with the funds' administrators in-line with best international practices.
        

09.3. Additional information. [Optional]

Considering the ESG risks and impact our business model is exposed to, as well as the potential for shared value creation and the developmental needs of the communities in our target markets, we decided to align our investment activities with the Sustainable Development Goals (SDG). The alignment with the SDGs provides us with a blueprint to improve the sustainability of our projects’ operations in the long term by developing measures to efficiently use resources and enhance relationships with stakeholders, which are critical factors for the success of our long-term investment strategy and to maintaining a social licence to operate.  

We have the potential to contribute to the SDGs' achievement in terms of biodiversity and ecosystems conservation - one of our projects is preserving 56,573 sq.m. of forest; efficient use of natural resources – in 2019 we consumed, 33,000 m3 of water; efficient use of energy – in 2019 we consumed 964,000 kwh of energy; and employment creation – we employed over 8,200 people in the last year. In 2019 we mapped all the SDGs and contrasted them with our activities, considering materiality and magnitude of the possible impacts of each one in our operations, the environment and surrounding communities. We selected nine SDGs and 37 KPIs related to our business and designed performance indicators to the information we track monthly in the following ESG areas: water and energy, waste and recycling, workers and OHS, community and urbanism.

An additional benefit of our data based sustainability analysis is the improvement in engagement with third parties including developers, allowing us to jointly track compliance with sustainability targets at the project level.


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


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