A business plan is developed for every asset post-investment which includes ESG strategies that align with the fund's portfolio ESG strategy. The implementation of the business plan (including ESG issues) is monitored on a quarterly basis by the portfolio team.
Each fund's ESG strategy is reviewed on a semi-annual basis as part of the Portfolio Oversight Committee process. The Portfolio Oversight Committees are comprised of senior leadership in the region.
We discuss ESG matters with property managers on an ongoing basis and incorporate ESG initiatives to address any ESG deficiencies identified during the due diligence process.