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PRI reporting framework 2020

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Pre-investment (selection)

PR 04. Incorporating ESG issues when selecting investments

04.1. Indicate if your organisation typically incorporates ESG issues when selecting property investments.

04.2. Provide a description of your organisation`s approach to incorporating ESG issues in property investment selection.

Local Government Super (LGS) views properties with lower ESG standards when selecting property investments, as this gives LGS an opportunity to add value by improving the assets efficiency and capital return.

04.3. Indicate which E, S and/or G issues are typically considered by your organisation in the property investment selection process, and list up to three examples per issue.

Environmental example 1, description

          We installed energy efficient LED lighting upgrades, installation of solar PV panels and building analytics systems
        

Environmental example 2, description

          Reduction of emissions through purchase of 100% green power. Having a policy to sign up to 100% green power and installation of solar PV panels.
        

Environmental example 3, description

          We provide Goget share parking at most properties
        

Social example 1, description [OPTIONAL]

          We remove hazardous materials (eg. EPS) in buildings; cleaning contractors are required to use non-hazardous cleaning products.
        

Social example 2, description [OPTIONAL]

          We have tenant surveys and tenant engagement programs.
        

Social example 3, description [OPTIONAL]

          We use negative screens of potential tenants before being offered a lease in line with LGS SRI policy. e.g. tenants whose core business is in gambling, weapons and tobacco.
        

Governance example 1, description

          We have a sustainable supply chain and procurement practices and compliance monitoring via property managers.
        

Governance example 2, description

          
        

Governance example 3, description

          
        

04.4. Additional information. [Optional]

LGS has not recently purchased any new investment properties. If it were to do so, extensive ESG due diligence would be required. This would include a report on the property's ESG performance to be provided by the vendor with review by an external resource and supplemented by internal ESG questions as part of formal due diligence.


PR 05. Types of ESG information considered in investment selection

05.1. Indicate what type of ESG information your organisation typically considers during your property investment selection process.

05.2. Provide a brief description of how this ESG information was incorporated into your investment selection process.

Our direct property investments are local (no international investments). However, we do take into consideration various global standards.


PR 06. ESG issues impact in selection process

06.1. Indicate if ESG issues impacted your property investment selection process during the reporting year.

06.2. Indicate how ESG issues impacted your property investment deal structuring processes during the reporting year.

06.3. Additional information.


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