Pro-invest Group's Commitment to Environmental Social Governance (ESG)

Pro-invest Group is dedicated to optimising financial and social returns of its hotel investment portfolio for investors facilitated through a focus on environmental social governance (ESG). Pro-invest Group believes that while the benefits of a well-managed sustainability program can have both direct competitive and financial benefits, the broader benefits of a smaller environmental footprint and enhanced employee well-being will continue to ensure that the Group will achieve long-term sustainability. 

Pro-invest Group enhances its investments through yield accretive ESG initiatives and mitigates resource price volatility on its fund returns by reducing consumption. Pro-invest Group believes that ESG is a growing area of importance to hotel guests and the overall guest experience among today's socially and environmentally aware market place. Moreover, through implementation of ESG measures and initiatives, the retention of high calibre staff is aided through provisions that ensure employees at all levels of the Group are happy, healthy and engaged. 

Pro-invest Group has aligned its sustainability framework with its strategic objectives of acquiring, developing and operating assets. Therefore, all employees at every level of the organisation are committed to reducing the footprint that Pro-invest assets have on the environment. Pro-invest aligns building requirements and environmental initiatives with the National Australian Built Environment Rating System (NABERS) and the Global Real Estate Sustainability Benchmark (GRESB), to systematically reduce and monitor its environmental footprint. In addition, Pro-invest continues to engage with other industry bodies such as Green Building Council of Australia to ensure it is well versed in the latest sustainable initiatives for Pro-invest's assets. Moreover, Pro-invest actively engages with government bodies regarding energy reduction initiatives for the assets in Pro-invest Group's portfolio, while being a proud member of the non-listed real estate sector associations; INREV and ANREV.

To read more on Pro-invest Group's commitment to ESG, please follow the link to PERE's article 'Sustainable Investing - Properties made for Precision'. 

Institutional Alignments

NABERS is an Australian Government initiative designed to measure and compare the environmental performance of a building against its market. Environmental performance indications include energy efficiency, waste management and water usage. Pro-invest Group continuously strives to achieve a 5-star NABERS rating for every asset in the portfolio. Ratings given are between one and six stars. A 6-star rating demonstrates market-leading performance.

In June 2017, to facilitate alignment with international ESG best practice, Pro-invest became a GRESB Real Estate member. GRESB is an investor-driven organisation that assesses the ESG performance of real assets globally and on an annual basis. More than 250 members, of which 60 are pension funds and their fiduciaries, use GRESB performance data in their investment management and engagement process. Pro-invest participated in the 2017 Real Estate Assessment and looks forward to reviewing the progress made in 2018 and in the years to come.

INREV is Europe's leading member driven association for Investors in Non-Listed Real Estate Vehicles. INREV's members include 75 of the largest institutional investors across the globe, as well as 40 of the 50 largest real estate fund managers internationally. INREV acts as a pioneer in advocating for professional standards across the non-listed real estate industry through a range of actions such as establishing the benchmark for corporate governance, sustainability, accounting and reporting.
Established with the goal to improve transparency, professionalism and best practice across the Non-Listed Real Estate Funds sector, ANREV is Asia Pacific's leading platform in sharing knowledge. Since inception in 2007, ANREV's membership network has augmented to comprise of over 180 key companies across Europe, Asia Pacific and North America.

ESG Policies

Provisions for ESG is implemented across all departments of Pro-invest Group and at all stages of an asset's lifestyle. Pro-invest Group's stakeholders are governed by a robust set of ESG policies tailored specifically to Pro-invest Group's unique operations and structure. Designed, implemented and monitored by Pro-invest's in-house ESG Taskforce Committee, the framework of policies ensures the organisation continues to grow successfully in a sustainable and transparent manner. Polices include but are not limited to the following:

  • Pro-invest International Asset Management ESG Policy
  • Pro-invest Group Hotel Asset Development and Maintenance Policy
  • Community Impact and Engagement Policy
  • Human Rights Policy
  • Employee Engagement Policy
  • Shareholder Rights Policy
  • Investor Engagement Policy
  • Anti-Money Laundering Procedure Manual

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