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ISPT Super Property

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

          Acquisitions and Property Investment Management
        
          Workplace Health & Safety
        

01.3. Indicate if the investment policy covers any of the following

Other description (1) Ensuring impact of asset on tenants is positive
Other description (2) Ensuring our procurement process includes specific provisions that require all award obligations and regulations are complied with in relation to outsourced services

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Our overarching investment strategy is to provide strong returns to our investors for the long term in a responsible and transparent framework, whilst balancing, protecting and enhancing the economic, environmental and social ecosystems we impact.

Our Investment Strategies are underpinned by the following principles:

  1. Environmental: ISPT’s Environmental and Sustainability principles have been developed to address all aspects of our operations. Real economic value and return can be derived through encouraging productivity by providing our tenants with greener, healthier, and more innovative spaces to work; all while reducing our portfolio’s environmental impact.
  2. Social: We pride ourselves on promoting a culture which values ethical standards, a community conscience and corporate integrity. Positive economic impact is delivered via our investment activities, which are geared to reinvest in the communities within which we operate through a number of placemaking and social initiatives aimed at ‘giving back’ to local populations supporting our assets.
  3. Governance: ISPT’s Corporate Governance Framework is designed with the ethos of transparency in mind, and to protect and enhance investor value. Additionally, although we are an unlisted entity, ISPT complies with the recommendations of the Australian Stock Exchange (ASX) Corporate Governance Council Principles and Recommendations, where appropriate to our business.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

ISPT is an active participant in the Australian property industry. Staff are encouraged to become advocates for best practice in asset management and sustainability. Environmental, social and corporate governance issues are central to ISPT’s investment decision-making approach.

ISPT’s ethical investment standards such as human rights, health and safety, local communities, and brand and reputation management are important to the way we do business. This ensures ISPT investments are not detrimental to our property and/or the surrounding built and natural environments or communities. The transparent nature of our relationship with shareholders and investors acts to ensure ISPT’s social conscience is of the highest standard.

In application, ISPT’s social considerations include, but are not limited to, the following:

  • Working conditions of the janitorial/cleaning staff of the properties we own and manage;
  • The Key Performance Indicators of the contracts between ISPT and the externally appointed property managers ensures ISPT’s environmental and social values are passed through to these organisations;
  • On a corporate level, our aim to be an employer of choice providing a challenging, professional and family friendly working environment by actively promoting a healthy work-life balance.

Our social conscience is further demonstrated through our ‘Community Program’. Each year, members of the ISPT Board and staff are encouraged to nominate worthy organisations to receive donations to assist in their efforts to improve the social conditions of disadvantaged groups of people either within Australia, or abroad.

Although ISPT is not legally required to comply with the best practice recommendations of the Australian Stock Exchange (ASX) Corporate Governance Council (neither it, nor the Trusts it manages are listed on the ASX), ISPT still complies with their recommendations (to the extent applicable to our business) in terms of governance, reporting, transparency, and accountability for our investors, in order to maintain best practice.

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

Other, specify (1) description

          Acquisitions and Property Investment Management
        

URL/Attachment

Other, specify (2) description

          Workplace Health & Safety
        

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

02.3. Additional information [Optional].

The majority of our policy and guidance documents are commercially sensitive and are not appropriate for circulation to the general public. Our policies are reviewed annually by board sub-committees and are available to investors upon request. Where appropriate, guidelines and process documents are made available to external service providers. A dedicated Responsible Investment Policy was approved by the Board in August 2016, and was reviewed and updated in 2019 for currency.

 


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

ISPT has a dedicated Conflict of Interest Policy which sets out our approach to managing situations where certain Parties within the organisation encounter either an ethical or material conflict between their own personal or private interests, and their duties to act in the interests of ISPT. The policy covers all ISPT Directors, Employees (including key investment staff) and Independent Contractors, who are required to confidentially disclose their personal or private interests on an annual basis.

The ISPT Board has governance processes in place to address any conflicts of interest in the voting process. Potential Conflicts of Interest are presided over by the Compliance Conflict Committee - a Committee of the Board. These processes ensure appropriate delegation levels for approvals while enforcing a level of functional separation between certain business activities.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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