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EG Funds Management

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

As a signatory to the UNPRI, EG reports annually on its adherence to the six principles of responsible investment across the business. EG has committed not to purchasing any assets from a range of specified industries and manufacturers pursuant to EG’s responsibilities as a signatory to the UNPRI. 

EG has also publicly noted that it is a signatory to the UNPRI on its website. 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2019, EG joined GRESB and is working with a GRESB consultant to further integrate ESG consideration into its investment management processes.

          Property Council of Australia
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

EG is a member of the Property Council of Australia (PCA) and adheres to its best practice in relation to sustainability as noted on the PCA's website:

https://www.propertycouncil.com.au/Web/Advocacy/Advocacy_Priorities/Sustainability/Web/Advocacy/Priority/Sustainability.aspx?hkey=daecae2b-31f8-44d9-8c43-ae35b4cf0b30

 

          Asia Investor Group on Climate Change (AIGCC)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

EG is now a member of the Asia Investor Group on Climate Change (AIGCC) and partakes in monthly discussions about the risks and opportunities associated with climate change - ensuring our ongoing and engagement and education on climate related issues. 


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          EG hosted a panel session on the impacts of Climate change on the Property industry through the Urban Land Institute (ULI), of which one of EGs senior staff spoke on the panel. In addition to this, EG's millennial cohort launched the "Future Calling" series which challenges future thinkers across the real estate industry (including, designers, investors, fund managers, superannuation funds, builders and consultants) to think beyond the next cycle.  The inaugural event had keynote speakers addressing the topic of designing for social inclusion in communities using social data. 
EG has joined the City Link program, which sees three school aged students who are refugees sponsored $5,000 dollars and mentored by three senior EG staff members.
        

Frequency of contribution

Description

          EG sponsors the Easson Geha Award in Planning which was established to assist students undertaking the final year thesis course in the UNSW Built Environment Bachelor of Planning program.

EG also participated in the Helmsman Project, which supports young people in gaining important life skills, such as hope, resilience and self-regulation, enabling them to unlock their potential and avails them of the opportunity to become an active contributor within their community.
        

Frequency of contribution

Description

          EG is in discussion with a PHD student assisting with the investigation into smart contracts, which will ensure sub contractors are remunerated fairly and in a timely fashion.

EG has also been working closely with the University of Technology Sydney (UTS), Microsoft and Willow in the development of the International Intelligent Buildings index.
        

Frequency of contribution

Description

          EG strongly believes that Responsible Investment principles should be implemented by all investment firms. 
EG aims to promote the Principles of Responsible Investment to the market through the use of marketing materials, available publicly on our website. ESG factors are discussed with investors to raise awareness of the importance of these issues in the investment process (especially those pertaining to our ESG focused funds being, HISOT and YPI). EG seeks to incorporate the Principles of Responsible Investment in its corporate culture and investment strategy to demonstrate to the market that ESG issues are paramount to the investment industry. EG’s in house risk management software, PRISMS (refer to 1.5 for further details) is also promoted to investors and industry peers to encourage sound governance practices in deal acquisitions.
        

Frequency of contribution

Description

          EG hosted a panel session on the impacts of Climate change on the Property industry through the Urban Land Institute (ULI), of which one of EGs senior staff spoke on the panel.
        

Frequency of contribution

Description

          EG regularly publishes articles in the media relating to the progress, performance and sustainability initiatives of its High Income Sustainable Investment Trust fund. In addition to this, EG collaborates with the Clean Energy Finance Corporation to release case studies on addressing energy efficiency in secondary buildings.
        

Frequency of contribution

Description

          EG's Executive Director currently serves as the Chairman of Bridge Housing, a community housing provider, as well a Association of Superannuation Funds of Australia (ASFA), Canberra Renewal and the  Australian Defense Association.
Two of EGs senior employees recently joined the Urban Development Institute of Australia (UDIA).
Another senior employee is an active member of the Urban Land Institute (ULI. )
        

Frequency of contribution

specify description

          EG is an active member of the Asia investor Group on Climate Change (AIGCC).
        

Description

          EG participates in monthly discussions relating to Impact Investing, and the risks and opportunities associated with climate change and low carbon investing. This is an opportunity for EG to learn from other international leaders in ESG, as well as an opportunity educate others on our own practices and strategies.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]


SG 11. Dialogue with public policy makers or standard setters (Private)


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