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CBRE Global Investors

PRI reporting framework 2020

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Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

          COO - EMEA
        

Other description (1)

          Asset Managers
        

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

The Global CIO has oversight responsibility for responsible investment for the Firm as a whole and ensures implementation.The Global CIO is the executive sponsor and Chair of the Global Responsible Investment Management Committee ("RIMCo") and brings ESG-related matters to the appropriate governing committees. The Global CIO is a member of the Firm's Executive Committee and chairs the Global CIO Council, as well as the Global Investment Committee.

The Global Chief Operating Officer has oversight responsibility for responsible investment for the Firm as a whole and ensures implementation. The COO is on the Firm's Executive Committee and Global Responsible Investment Management Committee. He is an ex officio member of the Regional Risk Committees and has responsibility for Firm-wide diversity initiatives.

Portfolio Managers have responsibility for oversight and accountability for ESG factors being reviewed as part of the acquisition due diligence process, ESG incorporation in the management of assets in the portfolio and communication of ESG matters to investors.

Investment analysts support ESG implementation during acquisition due diligence and the management of the assets. Asset Managers ensure implementation at the properties they manage, working with and overseeing third-party property manager activities. 

External property managers and our ESG consultants are responsible for day-to-day implementation of ESG measurement, reporting and programs.

We currently have three fully-dedicated RI staff members, however, over 25 of our professionals  (3% of all employees) have some responsibility for ESG leadership within their regions and teams. Fifteen professionals serve on the Global RIMCo, which is comprised of senior leadership and other selected company professionals with demonstrated expertise or current responsibility for ESG-related activities or impacted by ESG matters. The Global RIMCo is accountable for implementing, governing and further developing ESG initiatives. The Firm has a Global Head of ESG who has overall responsibility for ESG oversight and implementation. The COO of EMEA is a member of the Global RIMCo and Chair of the EMEA RIMCo. An additional 50 individuals serve on the regional and business line RIMCos with representatives from investment teams who manage ESG activities. Representatives from the Global RIMCo may serve on regional and business line RIMCos to provide investor and market ESG requirements and share best practices.

External property managers have responsibility for the implementation of ESG initiatives as well as measurement and reporting of ESG factors.

A member of the Investor Services team serves on the Global RIMCo and Regional RIMCo and is accountable for communication of ESG-related information in RFPs and other related material, as well as being involved in disclosure of our ESG-related activity via the CBRE Corporate Responsibility Report, GRESB and PRI.

 

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

3 Number

07.4. Additional information. [Optional]

Being a division of a public company, we do not have a direct Board. However, the Board of CBRE is very concerned about ESG issues. CBRE is on both the World and U.S. Dow Jones Sustainability Indices.

There are over 50 people across the global CBRE Global Investors' platform that have specific responsibility for ESG matters serving on a responsible investment management committee. Additional fund or separate account team members have responsibility for ESG matters for the assets they manage, GRESB reporting, responding to ESG questionnaires or PRI reporting.  


SG 07 CC. Climate-issues roles and responsibilities (Private)


SG 08. RI in performance management, reward and/or personal development (Private)


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