Alvarium Social Housing Advisors Limited makes a report on the progress of HLIF to the Investment Committee half-yearly and a section on sustainability is included in formal reports which are circulated to investors on a quarterly basis.
HLIF recognises the importance of setting targets for the management of sustainability-related risks and exploitation of opportunities to add value. The fund sets long term targets for key initiatives and monitors progress year on year.
Additionally, HLIF recognises the importance of benchmarking the performance of its assets against other investment properties and the performance of its funds under management with other funds. Sustainability benchmarking is a complex topic and there are, at present, a large number of independent benchmarks available. Alvarium Social Housing Advisors Limited works with HLIF investors to identify which is most suitable for their purposes.