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PRI reporting framework 2020

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Post-investment (monitoring and active ownership)

Overview

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.

          Tenancy renovations (including fitouts and minor refurbishments).
        

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

We work very closely together with our property managers to manage all possible ESG issues across our property portfolio. We meet with our commercial and retail property managers on a monthly basis to discuss sustainability performance across a number of metrics, and to explore new ESG opportunities for the portfolio. Examples of some of the ESG issues managed across our portfolio include:

  • Energy and water efficiency
  • Carbon emissions
  • Waste and recycling
  • Indoor environment quality
  • Materials sourcing and supply chain management
  • Transparency and reporting
  • OH&S and liability management

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
          Achieve an average NABERS Energy rating of 5 stars
        
          Achieve an average NABERS Water rating of 4 stars
        
          80% of tenants signed up to purchase 100% GreenPower.
        
          Portfolio Average NABERS Energy rating of 5.1 stars without GreenPower (6 stars with GreenPower)
        
          Average NABERS Water rating of 3.7 stars
        
          89%  tenants signed up to 100% GreenPower.
        
Target/KPI
Progress Achieved
          Enhance communication and engagement with all stakeholders including tenants, public and service providers.
        
          
        
          
        
          We have improved our tenancy survey and developed a proactive engagement plan to help inform our communication efforts across the portfolio.
        
          
        
          
        
Target/KPI
Progress Achieved
          Lease clauses mandating purchase of renewable energy
        
          Inclusion of sustainability schedules as part of leases outlining various sustainability expectations of tenants and the landlord
        
          
        
          Achieved
        
          Achieved
        
          
        

09.3. Additional information. [Optional]


PR 10. Certification schemes, ratings and benchmarks

10.1. Indicate whether your property assets are assessed against certification schemes, ratings and/or benchmarks

10.2. List the certification schemes, ratings and/or benchmarks your property assets are assessed against and what proportion of your property assets they apply to.

Specify
          NABERS
        
Proportion of property assets these apply to

(in terms of number of property assets)

Specify
          GRESB
        
Proportion of property assets these apply to

(in terms of number of property assets)

Specify
          Green Star Performance Portfolio Rating
        
Proportion of property assets these apply to

(in terms of number of property assets)

10.3. Indicate if your organisation uses property specific reporting standards to disclose information related to your property investments’ ESG performance.

          NABERS, GRESB, Green Star Performance
        

10.4. Additional information.

We use NABERS ratings to monitor environmental performance across the LGS portfolios. In addition to using NABERS, we also participate in the GRESB survey to benchmark the performance of our buildings - for which we achieve a 'green star' rating. Additionally LGS has achieved a 5 star Green Building Council of Australia (GBCA) Green Star Performance rating in 2019.


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.

11.3. Additional information. [Optional]


Occupier engagement

PR 12. Proportion of property occupiers that were engaged with

12.1. Indicate the proportion of property occupiers your organisation, and/or your property managers, engaged with on ESG issues during the reporting year.

(in terms of number of occupiers)

12.2. Indicate if the following practises and areas are typically part of your, and/or your property managers’, occupier engagements.

12.3. Additional information. [Optional]


PR 13. Proportion of green leases or MOUs referencing ESG issues

13.1. Indicate the proportion of all leases signed during the reporting year that used green leases or the proportion of Memoranda of Understandings (MoUs) with reference to ESG issues.

(in terms of number of leases or MoUs)

13.2. Additional information.

All new and renewed leases have a sustainability schedule included within the lease with the exception of a few large retailers who currently have 10-20 year leases with options to renew on the same terms, which have not expired yet. We reviewed our green lease provisions in September 2016 to be in line with the Better Buildings Partnership 'silver' standard.

Our standard green lease provisions cover tenant and landlord expectations around:

  • Cooperation and works - environmental initiatives, enabling upgrades, collaboration, fitouts and social initiatives.
  • Management and consumption - energy, water, waste, IAQ management, transport, cleaning and procurement.
  • Reporting and standards - information sharing, performance ratings, standards, metering and comfort.

Community engagement

PR 14. Proportion of assets engaged with on community issues

14.1. Indicate what proportion of property assets your organisation, and/or your property managers, engaged with the community on ESG issues during the reporting year.

(in terms of number of property assets)

14.2. Indicate if the following areas and activities are typically part of your, and/or your property managers’, community engagement.

14.3. Additional information.


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