Public HTML RI reports - PRI reporting framework 2020

British Columbia Public Service Pension Board of Trustees

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Direct - Listed Equity Incorporation

ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (B) Implementation: Thematic [LEI 07] (C) Implementation: Integration of ESG factors [LEI 08 - 10] ESG incorporation in passively managed listed equities [LEI 11] Outputs and outcomes [LEI 12 - 13]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Direct - Fixed Income

ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] (C) Implementation: Integration [FI 10 - 12] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]

Direct – Private Equity

Overview [PE 01 - 02] Pre-investment (selection) [PE 05 - 08] Post-investment (monitoring) [PE 09 - 13] Outputs and outcomes [PE 14 - 15]

Direct - Property

Overview [PR 01] Pre-investment (selection) [PR 04 - 06] Selection, appointment and monitoring third-party property managers [PR 07] Overview [PR 08] Property monitoring and management [PR 09 - 10] Property developments and major renovations [PR 11] Occupier engagement [PR 12 - 13] Community engagement [PR 14] Outputs and outcomes [PR 15 - 16]

Direct - Infrastructure

Overview [INF 01 - 02] Pre-Investment (Selection) [INF 05 - 09] Post-investment (monitoring and active ownership) [INF 11 - 16] Overview [INF 11] Infrastructure Monitoring and Operations [INF 12 - 14] Infrastructure Maintenance [INF 15] Stakeholder engagement [INF 16] Outputs and outcomes [INF 17 - 18]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

You are in Direct - Property » Post-investment (monitoring and active ownership)

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.

Yes

08.2. Indicate whether your organisation, and/or property managers, considers ESG issues in the following post-investment activities relating to your property assets.

We consider ESG issues in property monitoring and management

We consider ESG issues in property developments and major renovations.

We consider ESG issues in property occupier engagements

We consider ESG issues in community engagements related to our properties

We consider ESG issues in other post-investment activities, specify

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

QuadReal's post-investment activities at its properties are aimed at lessening the impact on the environment, providing for the improvement of community and tenant experiences and enhancing the value of the underlying real estate investments. Each year, responsible investing opportunities are assessed at existing and newly acquired properties with the goal of ensuring that all buildings are energy-efficient and tenant-responsive.

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.

>90% of property assets

51-90% of property assets

10-50% of property assets

<10% of property assets

(in terms of number of property assets)

09.2. Indicate which ESG targets your organisation and/or property managers typically set and monitor

Environmental

Target/KPI

Progress Achieved

          Green Certification

          Energy, Water, Waste data

          Target-setting for energy

          Over 90% of portfolio certified under LEED or BOMA or both.

          Currently tracked across majority of portfolio and continuously monitored for completeness.

          Implemented across majority of office assets where they have direct operational control.

Social

Target/KPI	Progress Achieved
Tenant Engagement	Program implemented in 2018 and further refined in 2019.

Governance

We do not set and/or monitor against targets

09.3. Additional information. [Optional]

PR 10. Certification schemes, ratings and benchmarks (Private)

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.

>90% of active developments and major renovations

51-90% of active developments and major renovations

10-50% of active developments and major renovations

<10% of active developments and major renovations

N/A, no developments and major renovations of property assets are active

(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.

Environmental site selection requirements

Environmental site development requirements

Sustainable construction materials

Water efficiency requirements

Energy efficiency requirements

Energy generation from on-site renewable sources

Waste management plans at sites

Health and safety management systems at sites

Health and wellbeing of residents

Construction contractors comply with sustainability guidelines

Resilient building design and orientation

Other, specify

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.

>90% of occupiers

50-90% of occupiers

10-50% of occupiers

<10% of occupiers

(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.

Distribute a sustainability guide to occupiers

Organise occupier events focused on increasing sustainability awareness

Deliver training on energy and water efficiency

Deliver training on waste minimisation

Provide feedback on energy and water consumption and/or waste generation

Provide feedback on waste generation

Carry out occupier satisfaction surveys

Health and wellbeing of residents

Offer green leases

Other, specify

12.3. Additional information. [Optional]

QuadReal's standard leases included several clauses that align with specific green lease clauses.

Tenant level sub-metering in office buildings is increasing, along with web-based access for the tenant to their data. A tenant knowing they are being billed on the basis of their sub-metered usage, and them having access to that data is generating about an 8% reduction in their energy use.

Through QuadReal's tenant engagement program, sharing of monthly newsletters and posters promotes various ESG topics like energy efficiency, value of "walking meetings", volunteering, green plants and healthy eating. Many properties also host on-site activities like yoga classes and ESG lunch and learns.

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

Community engagement

PR 14. Proportion of assets engaged with on community issues (Private)

Previous Section Next Section