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Fiera Capital Corporation

PRI reporting framework 2020

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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.

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

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

Fiera Properties' asset management team oversees ESG management in post-investment activities, including property ESG performance, developments, renovations and capital upgrades and engagement with third-party property managers and other property stakeholders. Fiera considers ESG in budgeting, capital planning and development planning on a case by case basis and are, in some cases, aided by the use of ESG checklists.

Fiera Properties' asset managers work with and monitor property managers’ implementation of ESG best practices. This includes energy, water and waste management, occupier engagement, community engagement, renewable energy, and indoor environmental quality. Fiera Properties monitors property sustainability practices through quarterly and annual reporting. Sustainability data is used for performance management, supporting investor reporting mandates and participating in benchmarking such as GRESB. 


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.

(in terms of number of property assets)

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

Target/KPI
Progress Achieved
          Minimum 33% of properties certified to a green building standard such as LEED or BOMA by 2019
        
          Track energy consumption for minimum of 85% of properties by 2019
        
          Conduct energy audits at for at least 50% of properties
        
          Currently at 42%
        
          Currently at 63%
        
          Currently at 17%
        
Target/KPI
Progress Achieved
          Communicate on ESG with 4 stakeholder groups (Fiera Capital, Fiera Properties Employees, third-party property managers
        
          2019 target to have 100% of properties compliant with Fiera's online environmental, and health and safety system
        
          
        
          Achieved in 2018
        
          100% of the CORE Fund is compliant on the online system.
        
          
        
Target/KPI
Progress Achieved
          2019 target to develop and implement sustainability policies and procedures
        
          Fiera Properties set a 2019 target to hold four Executive Sustainability Committee meetings each year.
        
          
        
          Achieved - 100% of the identified policies and procedures have been implemented.
        
          Achieved – In 2018, Fiera Properties held four Executive Sustainability Committee meetings.
        
          
        

09.3. Additional information. [Optional]

Environmental targets indicated above cover 51-90% of property assets and social and governance targets apply to >90%.


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.

(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.

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.

(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.

          Other: Tenant engagement meetings and green teams
        

12.3. Additional information. [Optional]

Fiera Properties' third-party managers are responsible for engaging tenants on ESG issues and report annually on initiatives implemented. Fiera Properties' CORE Fund LP and Segregated Funds monitor tenant engagement through an annually portfolio survey. The percentage reported above represents the percentage of properties that reported tenant engagement programs. Not all practices noted in 12.2 are implemented at all properties however all practices selected are in place at the percentage range selected.

The proportion noted above is as of January 1, 2018. Fiera Properties surveys the CORE Fund and Segregated Funds annually on sustainability practices and aligns reporting with the Global Real Estate Sustainability Benchmark (GRESB) assessment. This includes the sustainability information noted  in this PRI question. As the GRESB reporting period is April-June and some sustainability data is not available until the end of Q1 for the previous year, our portfolio survey takes place after the PRI reporting period. For this reason, the response above reflects our most recent portfolio survey.


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

13.1. Indicate the proportion of all leases signed during the reporting year that used green leases or the proportion of Memoranda of Understandings (MoUs) with reference to ESG issues.

(in terms of number of leases or MoUs)

13.2. Additional information.


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