ESG and the community
We consider environmental, social and governance (ESG) factors within our investment decision-making and ownership practices, providing us with greater insight into potential risks and opportunities that will impact the value, performance and reputation of the investment we make on behalf of our clients.
Our approach to ESG is founded on the following principles:
delivering investment performance for our clients - this is our central focus and driving motivation, and
our fiduciary duty to act in the best interests of our clients.
Creating value for stakeholders and consideration of ESG and responsible investing is integrated throughout our operational processes, risk management and investment decision making.
AMP Capital is a proud participant in the Global Real Estate Sustainability Benchmark (GRESB). An industry-led organisation, GRESB is committed to the rigorous and independent evaluation of the sustainability performance of real estate portfolios. The benchmark comprises data gathered from almost 450 property companies and funds from around the world. The GRESB provides aggregate information for 36,000 properties and represents US$1,300 billion in global assets under management. AMP Capital is committed to participating in GRESB and recognises that the benchmark helps provide greater insights into the best practice management of real estate assets, and hence, helps drive investment performance for our clients.
In 2012, AMP Capital contributed data for approximately A$8 billion of our investors’ real estate assets. Each of the AMP Capital managed property funds that contributed to the benchmark have been awarded a Green Star, the highest rating achievable under this benchmark, and also improved or maintained their rating. The Green Stars are recognition of AMP Capital’s commitment to incorporating sustainable practices into the management of our clients’ assets and included those awarded to the following funds:
As a leader in ESG and responsible investment, we are:
A signatory to the United Nations Principles for Responsible Investment (UNPRI)
Registered under the Energy Efficiency Opportunities Act (Commonwealth of Australia) as a commitment to greater energy efficiency in business operations; and
Registered under the National Greenhouse and Energy Reporting System (Commonwealth of Australia) to monitor and report on greenhouse gas emissions and energy production and consumption.
Throughout AMP's long history, we have been closely intertwined with the community through our customers and clients, planners, staff and shareholders.
For AMP Capital Property, our approach connects our teams with our communities through major partnerships with national charities, shopping centre initiatives supporting local charities and community organisations and Connect days, enabling our staff to support AMP Foundation activities.
For more information on AMP Capital Property's approach to ESG and our community involvement, please read our ESG and Community Report.