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Fiera Capital Corporation

PRI reporting framework 2020

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Selection, appointment and monitoring third-party property managers

PR 07. ESG issues in selection, appointment and monitoring of third-party property managers

07.1. Indicate if your organisation includes ESG issues in your selection, appointment and/or monitoring of third-party property managers.

07.2. Indicate how your organisation includes ESG issues in your selection, appointment and/or monitoring of third party property managers.

Types of actions

Coverage

Types of actions

Coverage

Types of actions

Coverage

07.3. Provide a brief description of your organisations selection, appointment and monitoring of third party property managers and how they contribute to the management of ESG issues for your property investments.

Fiera Properties considers ESG competency when selecting third-party property managers. When considering managers, Fiera discusses managers’ ability to meet sustainability requirements and governance requirements such as adherence to financial control standards.

Fiera's standard third-party property manager agreement requires the management of ESG aspects such as safety, environmental risks and energy and water performance. Managers are required to report at least annually on sustainability performance including environmental, health and safety, utility consumption, waste production, sustainability initiatives and stakeholder engagement.

Fiera monitors manager sustainability key performance indicators quarterly through an online reporting system. Managers are also monitored in a number of areas including energy, water and waste performance, renewable energy, certifications and tenant engagement through GRESB. Performance is assessed against internal targets and industry benchmarks. Fiera asset managers regularly meet with third-party property managers and visit property sites. In these meetings, Fiera often discusses ESG issues.

Third-party managers are integral to the management of property ESG factors. Our managers control the day-to-day operation which has significant impact on ESG performance. Managers also engage directly with key stakeholders such as tenants.


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