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Ashmore Group plc

PRI reporting framework 2020

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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.

          Sustainability certifications

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

Considering the most important post-investment activity is the construction of the real estate projects and that in this activity the ESG risks can be materialised, the consideration and management of those same issues during the construction stage is vital for our business.

The first post-investment activity is to pass the covenants and conditions precedent agreed with the project management team to coordinate with them the monitoring and management of the construction site and its activities. The ESG team tracks, on a monthly basis, the environmental, occupational health and safety, labor and community activities aligned with the standards stated in our AAIF. This information is the main input to develop a data based analysis of the ESG performance across projects. Our methodology includes the alignment of our activities with the Sustainable Development Goals (SDG) and its key performance indicators (KPI), which we adapt to our specific activities. Considering this, we designed a pool of KPIs that allows us to track our performance and to compare project efficiency and impact across the portfolio. This data based methodology is helping us to monitor the compliance of the agreed conditions but also to improve in other ESG areas as it makes possible to transfer best practices across the various portfolio projects. Additionally, by regularly monitoring our KPIs we can identify ESG problems in an early stage, improving our response time to properly manage any unexpected situation.

Moreover, during our post-investment activity we assess the appropriate environmental certification according with the various sustainable frameworks such as EDGE or LEED in order to improve the sustainability of our projects and reduce the environmental impact of our business. The projects with certification guarantee reductions in water and energy consumption as well as less CO2 emissions through the implementation of efficiency measures or new technologies. We engage our assets’ occupiers to comply with the certification requirements. In this sense, the occupier will be the direct beneficiary of the sustainable measures implemented in the project.

Besides the ESG activities inside the construction site we also consider community relations in our projects. Therefore, community surveys “actas de vecindad” are conducted to determine the state of the neighbours’ properties before the beginning of the construction activities. These surveys are the baseline that we can use to solve future complaints regarding impact on the surrounding structures due to the construction activities. Moreover, a grievance mechanism is established to allow the community to raise their complaints or concerns. This mechanism follows the recommendations of the IFC Performance Standards using proper channels of communication and allowing for the raising of anonymous complaints.