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AXA Investment Managers

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Direct - Listed Equity Incorporation

ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (B) Implementation: Thematic [LEI 07] (C) Implementation: Integration of ESG factors [LEI 08 - 10] Outputs and outcomes [LEI 12 - 13]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Direct - Fixed Income

ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] (B) Implementation: Thematic [FI 07 - 09] (C) Implementation: Integration [FI 10 - 12] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]

Direct - Property

Overview [PR 01] Fundraising of property funds [PR 02 - 03] Pre-investment (selection) [PR 04 - 06] Selection, appointment and monitoring third-party property managers [PR 07] Post-investment (monitoring and active ownership) [PR 08 - 14] Overview [PR 08] Property developments and major renovations [PR 11] Occupier engagement [PR 12 - 13] Community engagement [PR 14] Outputs and outcomes [PR 15 - 16]

Direct - Infrastructure

Overview [INF 01 - 02] Fundraising of infrastructure funds [INF 03 - 04] Pre-Investment (Selection) [INF 05 - 09] Post-investment (monitoring and active ownership) [INF 11 - 16] Overview [INF 11] Infrastructure Monitoring and Operations [INF 12 - 14] Infrastructure Maintenance [INF 15] Outputs and outcomes [INF 17 - 18] Communication [INF 19]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

You are in Direct - Property » Post-investment (monitoring and active ownership) » Property monitoring and management

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.

>90% of property assets

51-90% of property assets

10-50% of property assets

<10% of property assets

(in terms of number of property assets)

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

Environmental

Target/KPI

Progress Achieved

          Energy consumption and efficiency

          Greenhouse gas emissions

          Water consumption, waste generation

          Objectives and target set with new strategy to align with paris agreement targets

          Objectives and target set with new strategy to align with paris agreement targets

          Objectives and target set with new strategy to reduce intensity metrics

Social

Target/KPI

Progress Achieved

          Health and safety, accident rates, disability access

          Tenant type and demography, occupier turnover and satisfaction

          Social enterprise partnering, community development

          Health and safety risks assessed and reviewed by global head of health and safety

          Actions done to measure these metrics conducted by Asset Managers

          Actions implemented by asset managers and property managers

Governance

Target/KPI

Progress Achieved

          Processes e.g. environmental management systems and disclosure (e.g. property performance or benchmarks)

          Risk management e.g. regulatory and reputational risk (property standards and certifications)

          Operational management

          Processes monitored via our online platform to monitor ESG data and monitor progress of certifications and participate in benchmarks

          Global Sustainability Vision targets certification taking into consideration the highest standards and regulations as well as physical risk assessments to mitigate risk

          Global Sustainability Vision targets certification taking into consideration the collaboration with stakeholders as well as management via our online platform

We do not set and/or monitor against targets

09.3. Additional information. [Optional]

With our three step approach MEASURE – PREPARE – ACT, AXA IM Real Assets analyzes various ESG indicators on an asset level and we have rated the majority of our portfolio. Based on this ESG rating we have set in place a detailed ESG action plan for improvements of the individual asset which is monitored via our online ESG platform. In more detail, our reduction targets will be aligned with IPCC targets to achieve net zero CO2 emissions by 2050.

The Property Manager is also subject to a specific Asset Management contract tailored to fit the legal requirements of the territory involved and the nature of the investment fund or mandate. As a consequence the Property Manager is subject to specific ESG requirements such as improving energy efficiency, specific request for proposal procedure for contracts etc. that need to be implemented in the frame of the collaboration.

PR 10. Certification schemes, ratings and benchmarks

10.1. Indicate whether your property assets are assessed against certification schemes, ratings and/or benchmarks

Yes

10.2. List the certification schemes, ratings and/or benchmarks your property assets are assessed against and what proportion of your property assets they apply to.

Add certification scheme, rating and benchmark 1

Specify	BREEAM
Proportion of property assets these apply to	>90% of property assets 51-90% of property assets 10-50% of property assets <10% of property assets (in terms of number of property assets)

Add certification scheme, rating and benchmark 2

Specify	LEED
Proportion of property assets these apply to	>90% of property assets 51-90% of property assets 10-50% of property assets <10% of property assets (in terms of number of property assets)

Add certification scheme, rating and benchmark 3

Specify	HQE
Proportion of property assets these apply to	>90% of property assets 51-90% of property assets 10-50% of property assets <10% of property assets (in terms of number of property assets)

10.3. Indicate if your organisation uses property specific reporting standards to disclose information related to your property investments’ ESG performance.

Global Reporting Initiative (GRI) Construction & Real Estate Sector Supplement (CRESS)

Other property reporting standards, specify

          GRI; G4; INREV

No property specific reporting standards are used

10.4. Additional information.

As property reporting standards we use GRI Sustainability Reporting Guidelines; G4; INREV Sustainability reporting recommendations for fund reports

We also use local environmental certifications to ensure that buildings are up to standards in all of our regions of operations. Some other certification schemes implemented include Minergie, DGNB, Energy Star, Casbee, FSC, etc.

We have also actively participated in the GRESB survey since 2011 with consistent green star funds.

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