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Ashmore Group plc

PRI reporting framework 2020

Export Public Responses

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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.

          AshmoreAVENIDA key performance indicators aligned with the Sustainable Development Goals.

11.3. Additional information. [Optional]

The core activity of our business model is the development of real estate projects, consequently all the ESG considerations analysed in the due diligence process are implemented and monitored during the construction phase. This aims to guarantee compliance with local regulation and our AAIF in ESG areas including: water and energy, waste and recycling, workers and OHS, community, and urbanism.

All projects implement measures, systems and tools in environmental, social, OHS and labour areas as well as audit systems to assure a good standing throughout the various activities of the project. The tools implemented include:


- Environmental management plan
- Waste management program
- Efficient energy use program
- Atmospheric emissions program
- Water contamination prevention program
- Water use program


- Communication, participation and consultation system
- Grievance mechanism
- Coexistence committee


- OHS policy
- OHS manual
- OHS training
- OHS management system - Roadmap and implementation plan
- Mechanical risk management programme
- Equipment and PPE selection plan
- Programme for safe work at heights and protection from falling objects
- Programme for the management of mechanical risks
- Programme for chemical risk management
- Programme for the management of activities with the presence of electrical risk
- Epidemiological surveillance programme in musculoskeletal disorders
- Psychosocial risk management programme


- Employment manual
- Human capital policy


Additionally, the ESG team monitors the activities developed in the construction sites through on-site dedicated OHS and environmental personnel. Likewise, to ensure the environmental and social programs mentioned above are implemented according to our AAIF, the ESG team conducts regular site visits to the projects during construction, at a minimum once per quarter. The visits are conducted by a member of the ESG team, who checks the compliance with the programmes and contractual measures pre-agreed for the project. Additionally, to confirm the contractually agreed processes, that are the result of the due diligence, have appropriate implementation tools on site, there is an initial visit every time a project starts. There is a site visit form to summarise the visits which includes photographic evidence. Likewise, there are visits to the OHS committee, which is in charge of the promotion and monitoring of the occupational health and safety standards in the construction sites. We also conduct OHS Committee visits at the construction sites to verify the committee is addressing all the relevant subjects related to OHS. Moreover, we confirm the committee includes representatives from the construction partner, contractors and workers, guaranteeing the equal participation of all stakeholders and that during the meetings all complaints or grievances are addressed appropriately.

An important part of the monitoring process is the monthly tracking of qualitative information related to water and energy consumption, waste and recycling volumes, number of workers per sex and migrant status, number of incidents and accidents, and number of grievances. This information is the main input for our data based methodology to asses performance in the projects through KPIs aligned with the SDGs. This methodology was designed in 2019, with the purpose of having quantitative baseline data at the project and portfolio levels to analyse project management and performance.