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Alberta Investment Management 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.

Environmental performance is monitored and reported on annually, and many of our partners have tenant engagement programs in place (e.g., issues reporting hotlines, tenant awareness and education programs regarding building operations). Construction (building or refurbishment) is typically done in a sustainable manner and assured via a third party certification system such as LEED. In addition, AIMCo employs a wealth of social and wellness programs in our properties to ensure that the tenants and occupants are provided with exceptional service and working conditions, the results of which have allowed us to outperform our peers on the basis of health and wellness on the GRESB survey.


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
          Energy consumption targets
        
          Water consumption targets
        
          Waste diversion targets
        
          Portfolio energy intensity has experienced a consistent decrease over the last 5 years.
        
          Portfolio water intensity has experienced a consistent decrease over the last 5 years.
        
          Portfolio waste diversion rates have steadily improved over the last 5 years.
        
Target/KPI
Progress Achieved
          Social engagement KPI
        
          
        
          
        
          We continue to measure our progress in terms of tenant engagement on environmental/social issues and make the corresponding adjustments.
        
          
        
          
        
Target/KPI
Progress Achieved
          Governance arrangement with manager
        
          
        
          
        
          Every new manager is required to answer an extensive due diligence questionnaire that details their normal governance structure and capacity to manage the committed funds.
        
          
        
          
        

09.3. Additional information. [Optional]

Historically, AIMCo's focus has been on monitoring the environmental performance of our retail and office properties. Property managers at many of AIMCo's Real Estate investments have independently set environmental performance targets and continuously work to meet their goals. AIMCo has also begun to set portfolio wide targets.

In addition, tenant engagement metrics are measured in our property level tenant engagement surveys. Improvements are constantly sought to raise the tenants' participation.


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]

AIMCo also implements and monitors Carbon Performance (including carbon emissions and intensity) indicators.


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.

12.3. Additional information. [Optional]

As a GRESB member, AIMCo submits a response to the GRESB survey annually. In order to achieve our current "Green Star" status, sustainability performance data is collected from the properties to identify areas of improvement and achievable targets are set to ensure the properties improve upon their energy/water/waste efficiency.


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


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