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CBUS Superannuation Fund

PRI reporting framework 2020

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Overview

PR 01. Responsible Property Investment (RPI) policy

01.1. Indicate if your organisation has a Responsible Property Investment (RPI) policy.

01.3. Provide a brief overview of your organisation’s approach to responsible investment in property, and how you link responsible investment in property to your business strategy. [Optional]

Cbus Property's approach to Responsible Investment considers the following:

Environmental: Cbus Property has environmental and sustainability objectives that include existing and new investments, development designs and engagement with key stakeholders including tenants/clients/builders/suppliers. Priorities, including references to climate change, GHG, energy efficiency, etc., are reinforced in following policies and governance documents:

  • Charter of Selection and Conduct Criteria for Consultants and Principal Contractors (Charter) (Sep14)' (publicly available noting temporary website construction);
  •  Environmental Social & Governance (ESG) policy (Dec14) (publicly unavailable); and
  •  Sustainability Framework (Dec19)' (publicly unavailable).
  •  Sustainability Strategy (CY2018) (publicly available)

Specific targets are also integrated into tenant leases, property manager and builder contracts, and are monitored regularly (e.g. Green Star (medium term), NABERS, ESD requirements of tenant fitout design/installation which collectively cover utility consumption, waste generation, sustainable material selection, etc.). Annual performance targets are applied to Asset Managers, Property Managers and relevant Senior Managers.

Social: Cbus Property has objectives that include gender equality, maintaining transparent and equitable partnerships with stakeholders such as co-investors/developers, tenants/clients, builders/suppliers and workforce. Priorities are re-enforced in the 'Charter' and various policies (containing i.e workplace health safety, supply chain labour standards and social benefit, etc). The Employment Policy (Dec 19)' (publicly unavailable) details anti-discrimination, harassment, equal employment opportunity of gender, race, religion, etc. Supporting documents cover training, flexible work, health and wellbeing and diversity PPIs. Social requirements are integrated into all leases. This includes implementation of WHS programs, WHS annual targets reported quarterly, quarterly tenant engagement meetings, annual tenant surveys, and Customer Services Program. Workplace gender equality is also reported publicly.

Governance: Cbus Property has objectives that include full transparency (including relevant APRA regulatory requirements-superannuation funds) and independence ('Governance-Ethics & Governance'). Priorities are re-enforced in the various policies and include transparency and accountability, executive/Board compensation, corruption/bribery management, and Whistle-Blower schemes. The Board and management continually review policies and procedures.


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