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Alberta Investment Management Corporation

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]

Real Estate has an internal sustainability policy that requires the incorporation of sustainability into AIMCo's real estate portfolio, which takes place over 3 distinct stages:

1. Opportunities / Acquisition Stage: engaging in thorough due diligence on a new acquisition to identify the asset's existing ESG performance and potential impact to AIMCo's overall portfolio performance. Where feasible, implementation of programs to address ESG shortcomings are considered in relation to the business case.

2. Monitoring / Reporting Stage: establishing and monitoring sustainability performance targets on a portfolio basis with regards to energy & water use and waste diversion. Managers are to certify compliance with the Responsible Investment Policy on an annual basis.

3. Results / Program Stage: identifying underperforming assets and ensuring that all neutral and positive NPV opportunities to improve ESG performance are exhausted.

All AIMCo Property investments adhere to the AIMCo Exclusion Guidelines and process which covers Excluded Industries and Statutory Investment Restrictions.

Additionally, since first submitting to the GRESB survey in 2015, AIMCo continues to demonstrate world-class sustainability management and performance by improving our GRESB score. As the real estate industry continues to advance ESG best practices, we have achieved results in the top 40% of our peer group. In 2019, we scored above our peer group average and above the GRESB global average.


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