This report shows public data only. Is this your organisation? If so, login here to view your full report.

Active Super

PRI reporting framework 2020

Export Public Responses
Pdf-img

You are in Direct - Property » Outputs and outcomes

Outputs and outcomes

PR 15. ESG issues affected financial/ESG performance

15.1. Indicate whether your organisation measures how your approach to responsible investment in property investments has affected financial and/or ESG performance.

15.2a. Describe the impact on the following.

Describe the impact on:
Impact
Funds` financial performance

15.2b. Describe the impact on the following.

Describe the impact on:
Impact
Funds` ESG performance

15.3. Describe how you are able to determine these outcomes.

LGS internally tracks carbon footprint, energy & water usage, waste & recycling rates for each property and are constantly looking at ways we can improve in these areas. e.g. sharing of ideas with sustainability staff at leading global real estate institutions. 

In 2019, annualised electricity consumption and water consumption have reduced by 44% and 52% respectively in the retail portfolio since FY 09 lowering the operational costs of running the portfolio. 

 


PR 16. Examples of ESG issues that affected your property investments

16.1. Provide examples of ESG issues that affected your property investments during the reporting year.

ESG issue
          Maintain GreenStar Rating with GBCA
        
Types of properties affected
          All properties
        
Impact (or potential impact) on investment

We achieved a 5 star GreenStar performance rating from the Green Building Council of Australia for the operation of our buildings, representing Australian excellence across the property sector. This helps to maximise the efficiencies across our portfolio and in turn, make our portfolio more attractive to prospective tenants who put a high value on sustainability.

Activities undertaken to influence the investment and the outcomes

External property managers are continiously engaged, with various actions undertaken across our retail and commercial properties to ensure that sustainability factors were integrated into all facets of property management.

ESG issue
          Increased transparency for energy consumption
        
Types of properties affected
          All properties
        
Impact (or potential impact) on investment

Historically we have relied on a mix of manual and automatic uploads of historical energy consumption data for the portfolio which increases the risk of errors in our performance data and means we are not able to manage issues in real time as they arise.

Activities undertaken to influence the investment and the outcomes

We worked with a service provider to build a platform that enables us to automatically capture key sustainability data across all of our properties in real time, so we are now able to actively identify anomalies and ensure energy and water consumption is minimised across all of our properties. Energy consumption from the retail portfolio has continued to trend down since the installation of solar panels at all centers in 2015. As a result, LGS achieved Carbon Neutral status for all NABERS rated buildings, certified by the Government’s Climate Active Carbon Neutral Standard in May 2019 and achieved a Portfolio Average NABERS Energy rating of 5.1 stars without GreenPower (6 stars with GreenPower).

ESG issue
          Facilitate greater tenant experience
        
Types of properties affected
          All properties
        
Impact (or potential impact) on investment

By enhancing end of trip facilities (bicycle storage, showers, lockers etc.) and enabling Go-Get car share vehicles to park on site, we have been able to provide positive benefits to existing tenants, and in turn, make our properties more attractive to prospective tenants in the future.

Activities undertaken to influence the investment and the outcomes

We improved the end of trip facilities at a number of our properties, including the construction of showers, bicycle storage and lockers. This facilitates a greater level of wellbeing for our tenants as a result of enabling more people to participate in cycling and physical activity.

We also worked with car share company GoGet to provide car parking spaces for their car share vehicles and in turn, offered our tenants discounted rates to access these cars. By increasing car sharing we are able to help reduce excess car ownership, ultimately reducing carbon emissions.

ESG issue
          Increasing water consumption
        
Types of properties affected
          1 commercial property
        
Impact (or potential impact) on investment

Increasing water consumption increases overheads for tenants and negatively affects our sustainability performance.

Activities undertaken to influence the investment and the outcomes

Water consumption tends to fluctuate depending on tenant occupancy. Sub-meters are being installed and monitored through Bueno Analytics which will allow much greater visibility of consumption. Sub-metering, dual flush toilets and water saver taps have been put in place throughtout the retail portfolio.

As a result, in 2019, LGS achieved a Portfolio Average NABERS Water rating of 3.7 stars.

ESG issue
          Screening prospective tenants
        
Types of properties affected
          All buildings
        
Impact (or potential impact) on investment

Potential negative impact to occupancy and in turn, rental income, in the event that we do not provide approval for a prospective tenant to occupy our buildings due to our exclusions policy.

Potential positive impacts to our reputation as a result of not allowing the prospective tenant to occupy our buildings due to the negative associations with their product and/or services.

Activities undertaken to influence the investment and the outcomes

Following the development of our investment restrictions list, it is issued to our property team for use in screening prospective tenants for our retail and commercial properties. In the event that a company is on our restrictions list, we will not permit them to occupy our buildings.

16.2. Additional information. [Optional]


Top