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Real Estate Asset & Assurance Service s.p.a.

Service Providers Framework 2020

You are in Strategy and Governance » Policy on ESG beliefs

Policy on ESG beliefs

SG 01. Responsible investment policy

01.1. Describe how your organisation’s philosophy incorporates environmental, social and governance factors, and the link to your business offerings.

REAAS is a service provider to institutional investors, with specific focus of environmental services which are mainly delivered as advisory during preacquisition due diligence, as well as on-going support for the management of the assets in the portfolio.  Every time we are approached by a client, we propose to integrate the environmental services with social and governance offerings.

01.2. Indicate whether you have policies that formalise the incorporation of your ESG beliefs in your business offerings.

01.5. Additional information [OPTIONAL]

None


SG 02. Norms used to develop policies (Not Applicable)


SG 03. Policy offerings to clients

03.1. Indicate whether you offer standard, off the shelf, policies to clients as part of your product offerings, and/or whether you create tailored versions for individual clients.

Off the shelf
Tailored
Asset class-specific RI guidelines
Sector-specific RI guidelines
Screening/exclusions policy
Engagement policy
(Proxy) voting policy
RI guidelines set out within the Investment Policy Statement (IPS)
RI guidelines set out in a freestanding RI policy
Multi-year RI implementation project plan
Conflict of interest management policy
Stockbroker allocation policy
Securities lending policy
Other, please specify (1)
Other, please specify (2)
Other, please specify (3)
None of the above

03.3. Additional information. [OPTIONAL]

None


SG 04. ESG/RI in business offerings

04.1. Briefly describe how you include ESG/RI factors as part of your business offerings.

Business area

Investment Consultancy

How you include ESG/RI factors

REAAS is a service provider to institutional investors, with specific focus of environmental services which are mainly delivered as advisory during preacquisition due diligence, as well as on-going support for the management of the assets in the portfolio.  Every time we are approached by a client, we propose to integrate the environmental services with social and governance offerings.

Other, specify (3)

          .
        

How you include ESG/RI factors

.

04.2. Indicate the roles in your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for ESG/RI within the organisation.

Roles present in your organisation
Oversight/accountability for ESG/RI
Implementation of ESG/RI
Board
Directors
Chief Executive Officer (CEO), Chief Financial Officer (CFO)
Chief Operating Officer (COO), Chief Information Officer (CIO)
Other chief-level staff
Other heads of department

Please specify

          Technical Directors
        
Dedicated ESG/RI staff
Other role, specify (1)
Other role, specify (2)
Other role, specify (3)
None of the above

04.3. Indicate how you ensure ESG/RI expertise for the roles where there are RI oversight/accountability or implementation responsibilities.

04.4. Indicate whether your organisation has any ESG/RI linked incentives for its employees.

04.7. Additional information [OPTIONAL]

None


SG 05. Outsourcing of services

05.1. Indicate whether you outsource some of your services. Report percentage of services outsourced as percentage for that specific business area.

Business area

05.2. For each business area, describe what components you outsource to other organisations.

In several projects there is the need for field work (sampling and analysis of issues of potential envirnmental concern).  These activities are normally outsourced to technically qualified suppliers. 

05.3. For each business area, describe how you ensure the organisation implementing your outsourced services adheres to your beliefs and policies on ESG/RI.

All suppliers must adhere to our code of conductes and respect the contractual agreements which includes ESG terms.


SG 06. Providing training/education

06.1. Indicate whether you provide training/educational services on ESG/RI. Tick all that apply.

06.2. Describe the main components of your training/educational services on ESG/RI and any variations depending on the group you provide training/education to.

The ESG training includes modules on: understanding the market and the clients; ESG basics; what ESG means for clients and our company; how to deliver ESG services.

06.3. Describe whether these training/educational services include any commercial elements.

          No, it is only internal training
        

06.4. Additional information. [OPTIONAL]

None


SG 07. Applying, advancing and promoting the PRI principles

07.1. Describe how your organisation applies, advances and promotes the PRI Principles.

REAAS is a service provider to institutional investors, with specific focus of environmental services which are mainly delivered as advisory during preacquisition due diligence, as well as on-going support for the management of the assets in the portfolio.  Every time we are approached by a client, we propose to integrate the environmental services with social and governance offerings.  All our proposals to clients include a reference that REAAS is signatory of PRI and that we adhere to the PRI principles, and that we are willing to discuss the integraiton of the ESG issues in the work proposed.

07.2. Highlight whether there are any ways that your organisation would like to engage further with the PRI. [OPTIONAL]

None


SG 08. Actions taken to promote responsible investment

08.1. Indicate which of the following actions your organisation has taken to promote responsible investments during the reporting year, independently of collaborative initiatives.

08.2. Additional information. [OPTIONAL]

None


SG 09. Long term trends

09.1. Indicate which of the following long-term trends are addressed in your product outputs.

09.2. Explain how this long-term trend affects your product outputs.

Most of our clients are real estate investors, and the energy efficiency of the asset is a critical element in their investing decision process


SG 10. Interaction with asset owners

10.1. Indicate whether you interact with asset owner clients.

10.2. Indicate the typical frequency and type of interactions with your asset owner clients.

Type of interaction

Frequency

10.3. Additional information. [OPTIONAL]

None


SG 11. Aligning approach with investor goals

11.1. Describe how you typically align your organisation’s philosophy and approach to ESG/RI with your investor clients’ goals.

REAAS is a service provider to institutional investors, with specific focus of environmental services which are mainly delivered as advisory during preacquisition due diligence, as well as on-going support for the management of the assets in the portfolio.  Every time we are approached by a client, we propose to integrate the environmental services with social and governance offerings.

11.2. Additional information. [OPTIONAL]

None


SG 12. ESG recommendations not aligned with investor goals

12.1. Describe what steps you take, if any, when your ESG recommendations are not in line with your investor clients’ goals.

12.2. Additional information. [OPTIONAL]

None


SG 13. Seeking feedback from clients

13.1. Indicate whether you seek feedback from clients on your RI/ESG services and product offerings

13.2. Describe how you use this feedback in your RI/ESG services and product offerings.

We normally held meetings at the completion of the project, discussing what was good and what was bad, and where we can improve to provide a better service.


SG 14. Managing conflicts of interest

14.1. Indicate whether your organisation has a policy for managing potential conflicts of interest.

14.2. Describe how you manage potential conflicts of interest.

We always inform clients of the potential conflict, and do not accept the contract in case the conflict cannot be managed.

14.3. Describe how you ensure that company employees do not derive any personal gain from the use of information collected during your work process.

All employess are expected to adhere to the code of conduct, which does not allow personal use of informaiton obtained while working on a project.

14.4. Additional information. [OPTIONAL]

None


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