Guidelines Tool - Module Site

add +
Vehicle long term strategy

	References
	INREV Reporting Module	INREV DDQ	GRESB RE 2019	GRI	EPRA	UN-PRI
ESG-LTS 1.1 Requirement: Describe the overall approach to setting a long term ESG strategy for the vehicle. Make reference to the overall governance approach, which is covered in the INREV Corporate Governance Guidelines. Detail the long term (2 to 10 years) ESG strategy for the vehicle. As best practice you can consider the aspects set out below:	RG.18	3.8.2 - 3.8.4	MA1 PD1	G4-1 G4-2		PR 01
Asset management ESG strategy: Provision of asset sustainability action plans, possibly integrated into asset business plans, to describe how the vehicle’s long term ESG strategy is implemented on asset level.		3.8.2	SE4.2
Provision of new build and/or refurbishment ESG strategies.			NC1			PR 11
Provision of an ESG strategy for acquisitions.			RO3.1			PR 04
Provision of a strategy to reduce and/or measure energy, GHG emissions and water and waste measurement.			PI1.0-PI4.1
ESG-LTS 1.2 Requirement: Detail the vehicle’s approach for ensuring compliance for current legislation relating to ESG issues is in place.	RG.35	3.8.8		G4-2
ESG-LTS 2.1 Best practice: Detail any additional key material aspects for the ESG strategy for the vehicle. Some examples of possible considerations include, but are not limited to:			MA1 PD1	G4-1 G4-2
ESG actions plans at an individual asset level: name the percentage of assets with an individual ESG action plan, detail the scope these action plans and describe the communication and information flow with the asset management.
Environmental management systems		3.8.5	ME1
Employee KPIs for ESG: describe if the employees of the vehicle manager perform against set ESG KPIs and how these are set and measured.			MA5			SG 08
Stakeholder activities including tenant liaison and satisfaction measurement strategy, green leases, community engagement strategy			SE7-SE11.2			PR 12 PR 13 PR 14
Policy to decrease travel footprints (e.g. asset level, vehicle manager company level)
Initiatives to improve biodiversity
Supply chain management strategy		3.8.9	SE4.1 SE4.2
Description of how the above mentioned policies and/or strategies have been developed.			MA4
Innovation, technology and best practice: describe the fund manager’s involvement in the production of case studies or similar publications to provide information to the wider industry.
Industry participation on ESG initiatives: describe the fund manager’s involvement, participation or support of promoting ESG initiatives to the industry.						SG 09
Participation in the GRESB survey or/and development of GRESB scores		3.8.1				SG 09

Open end / Closed end / Separate Account / Joint Venture / Club Deal

This section breaks down the long term strategy described in ESG-LTS 1.1 and ESG-LTS 2.1 and translates it into a practical action plan on annual basis; including targets, investment and costs, action points. Targets should be quantified as far as possible

	References
	INREV Reporting Module	INREV DDQ	GRESB RE 2019	GRI	EPRA	UN-PRI
ESG-ANN 1.1 Requirement Based on the strategy of the vehicle described in ESG-LTS 1.1, set out the annual objectives and associated targets for the coming 12 month reporting period on the aspects set out below:	RG.27		RO4 RO6	G4-1, G4-2		PR 09
Asset management ESG initiatives: Describe the targets that should be reached within the next 12 months with the individual asset sustainability plans, set out the impact on portfolio level.		3.8.2	SE4.2
New build and/or refurbishment ESG initiatives			NC1			PR 11
ESG initiatives for acquisitions			RO3.1			PR 04
Initiatives to reduce and/or measure energy, GHG emission, water and waste measurement			PI1.0-PI4.1
Green building certificates and energy ratings: describe the vehicle’s approach regarding green building certificates and energy ratings. Detail the current state, the certification scheme(s) and the percentage of the portfolio certified. Set out related ambitions.			BC1.1, BC1.2 BC1.1, BC1.2			PR 10
ESG-ANN 1.2 Requirement Detail objectives for the next 12 month reporting period for ensuring compliance with current legislation in relation to ESG and about preparations for any future legislation that may be undertaken in this period.	RG.35	3.8.8		G4-2
ESG-ANN 2.1 Best practice Detail other annual objectives and associated targets for the vehicle based on information outlined in ESG-LTS 2.1. Examples may include, but are not limited to:				G4-1		PR 09
ESG actions plans at an individual asset level
Environmental management systems		3.8.5	ME1
Employee KPIs for ESG: describe if the employees of the vehicle manager perform against set ESG KPIs and how these are set and measured.			MA5			SG 08
Tenant liaison and satisfaction			SE7-SE11.2			PR 12
Green lease clauses and memoranda of understandings			SE10.1			PR13
Stakeholder engagement strategy, including community engagement strategy			SE1-SE11 SE11.1			PR 14
Policy to decrease travel footprints (e.g. asset level, vehicle manager company level)
Initiatives to improve biodiversity
Supply chain management		3.8.9	SE4.1 SE4.2
Description of how the above mentioned policies and/or strategies have been developed
Innovation, technology and best practice
Industry participation on ESG issues						SG 09
Participation in the GRESB survey or/and development of GRESB scores		3.8.1				SG 09

Open end / Closed end / Separate Account / Joint Venture / Club Deal

add +
Annual portfolio information

add +
Environmental data

	References
	INREV Reporting Module	INREV DDQ	GRESB RE 2019	GRI	EPRA	UN-PRI
ESG-ENV 1.1 Requirement Absolute data and like-for-like Disclose absolute environmental data and like-for-like data for the proportion of the vehicle’s portfolio that is in the fund manager’s operational control. This should cover:	RG.29
energy			PI1.0	G4-EN3 ff.	Incl. in EPRA
GHG emissions			PI2.0 - PI2.2	G4-EN1 5 ff.	Incl. in EPRA
water			PI3.0-PI3.2	G4-EN8 ff.	Incl. in EPRA
waste			PI4.0-PI4.2	G4-EN2 2 ff.	Incl. in EPRA
Intensities Report the intensity ratios for energy and GHG emissions per property type. Detail the calculation methodology including applied normalization factors and which types of energy / types of GHG Emissions are included in the ratio.			PI1.0 PI2.0 - PI2.2	G4-EN5 G4-EN1 8	Incl. in EPRA
The environmental data should be presented in line with GRESB or GRI / EPRA methodology. Please disclose which methodology has been used.
ESG-ENV 2.1 Best practice Disclose absolute environmental data and like-for-like data for the available tenant data for the vehicle’s portfolio. This could include:
energy			PI1.0	G4-EN3 ff.	Incl. in EPRA
GHG emissions			PI2.0 - PI2.2	G4-EN1 5 ff.	Incl. in EPRA
water			PI3.0-PI3.2	G4-EN8 ff.	Incl. in EPRA
waste			PI4.0-PI4.2	G4-EN2 2 ff.	Incl. in EPRA
The environmental data should be presented in line with GRESB or GRI / EPRA methodology. Please disclose which methodology has been used.

Open end / Closed end / Separate Account / Joint Venture / Club Deal

Custom guidelines: Use the + icons to the right to add sections to your custom Guidelines document

Guidelines

add +
Disclosure

add +
Vehicle long term strategy

add +
Annual objectives

add +
Annual portfolio information

add +
Environmental data

Custom guidelines

× Definitions

Guidelines

add + Disclosure

add + Vehicle long term strategy

add + Annual objectives

add + Annual portfolio information

add + Environmental data

Custom guidelines

× Definitions

add +
Disclosure

add +
Vehicle long term strategy

add +
Annual objectives

add +
Annual portfolio information

add +
Environmental data