Publications

An Investors’ Perspective on Environmental Metrics for Property (668 KB | 12 pages)

This study argues that environmental property metrics users and suppliers must bridge the gap that separates them to successfully measure the environmental performance of property portfolios and related improvement activities.

Published: 2011 | By: UNEPFI

Implementing responsible property investment strategies (1.4 MB | 16 pages)

The application of ESG issues to the design and implementation of property investment strategies is complex given the ever-changing kaleidoscope of interests and stakeholders involved at different stages of the life of a real estate asset.

This brief Toolkit outlines a set of core issues that property investors may wish to consider when implementing a responsible property investment (RPI) strategy within their organization, focusing on how such process can help tie insight on ESG performance into property asset values and how such analysis may be incorporated in strategic asset allocation, stock selection and asset management.

This is the fourth in a series of toolkits produced by the Property Working Group (PWG) coordinated by the United Nations Environment Programme Finance Initiative.

Japanese version

Published: 2011 | By: UNEP FI

Disclosing Responsible Property Investing Strategies and Performance (3.0 MB | 20 pages)

Transparency is a core value of responsible investment. Disclosing how property investors address environmental, social and governance (ESG) issues in their strategic decisions and day-to-day performance is key to implementing a responsible property investment (RPI).

This brief toolkit outlines steps for responsible property investors to disclose their ESG strategies and performance. It looks specifically at how property investors can design and implement an ESG report that discloses:

• Corporate governance and strategies on ESG-related issues
• ESG performance against year-over-year benchmarks
• Targets for future performance improvements
• Case studies that reveal how ESG issues are engaged in practice

This is the third in a series of toolkits produced by the Property Working Group (PWG) coordinated by the United Nations Environment Programme Finance Initiative. The Toolkit series are produced in conjunction with the Responsible Property Investing Center, to support the dissemination of RPI in the global real estate industry.

Japanese version

Published: 2010 | By: UNEP FI

Responsible Property Investing: Metrics for Performance Measurement (2.9 MB | 24 pages)

Responsible Property Investing covers a wide range of investment practices and styles that integrate environmental, social, and governance information into investment decision-making. Key to managing and monitoring progress on these issues are systems for measuring and benchmarking building and portfolio performance. The purpose of this toolkit is to provide interested investors and property fund and asset managers guidance on how to develop systems of metrics meant to measure RPI, how those metrics across property portfolios can be collected, and finally how information collected can be integrated into portfolio management.

This is the second in a series of toolkits to be published by the Property Working Group (PWG) coordinated by the United Nations Environment Programme Finance Initiative. The Toolkit series is being produced in conjunction with the Responsible Property Investing Center, to support and encourage the development of RPI.

Japanese version
Version française

Published: 2010 | By: UNEPFI

Owner-Tenant Engagement in Responsible Property Investing (3.1 MB | 28 pages)

Successful Responsible Property Investment strategies often depend on owner-tenant cooperation. This report presents several stories from leading property organizations that are committed to sustainability and responsible investing on innovative ways to promote better cooperation between owners and tenants.

Japanese version

Published: 2009 | By: UNEP FI

Sustainable Investment in Real Estate - Your Fiduciary Duty (790 KB | 12 pages)

There is a growing body of evidence which supports the case for investment in sustainable real estate. This evidence suggests that real estate with sustainable characteristics can generate superior returns or at the very least ?future proof? your investment. This article concludes that it is the fiduciary duty of trustees and investors to understand and consider Sustainable Investment issues when looking at investing in real estate.

Published: 2009 | By: UNEP FI Property Working Group

Article: The Death of Social Responsibility in Property Is Much Exaggerated (108 KB | 11 pages)

There is a view abroad that the current economic crisis means responsible property investment has become inviable and is currently being shunted down or off the corporate agenda. This brief paper reviews that contention and concludes that sustainability in property and responsible property investment practices generally remain just as important today and potentially more so than when the economy and financial markets were in better health.

Published: 2009 | By: UNEP FI Property Working Group

Responsible Property Investing - Committing and Engaging (254 KB | 13 pages)

The purpose of this toolkit is to provide guidance for interested investors and property fund and asset managers on how to commit to Responsible Property Investing (RPI) as an investment strategy, how to put into place governance and management structures that integrate RPI into corporate culture and practice and how to engage with other stakeholders in developing the field.

This brief toolkit is drawn from the experiences of various investors who have chosen to make RPI central to their business practice. We hope that the toolkit will help investors who are interested in RPI to develop the systems and processes to translate that interest into tangible results.

Version française
Japanese version

Published: 2009 | By: UNEP-FI and RPIC

UNEP FI / SBCI's Financial and Sustainablity Metrics Report (4.1 MB | 67 pages)

This report is an international review of sustainable building performance indicators and benchmarks. It brings together current thinking on defining and measuring sustainability in the context of the built environment and sets out concisely the key issues in this large and complex area.

Published: 2009 | By: UNEP FI / SBCI

Article - Responsible Property Investment: Similar Aims, Different Manifestations (356 KB | 26 pages)

This article, presents the essential differences between Socially Responsible Investment (SRI) in asset classes and in direct property. As a practical note it should help investors apprehend why and how Socially Responsible Property Investment (SRPI) is uniquely different to other “regular” assets.

Published: 2009 | By: UNEP FI

Responsible Property Investing – What the leaders are doing (2.3 MB | 93 pages)

This report of the UNEP FI Property Working aims to help those making investment decisions on existing commercial real estate portfolios to understand how environmental, social and governance (ESG) issues impact upon the current value and prospective investment performance of the assets they own and manage. It presents 10 strategies for responsible property investment, each demonstrated by a collection of case studies that explain the financial and environmental value of responsible property investment.
Japanese version

Published: 2008 | By: UNEP FI

Building Responsible Property Portfolios (416 KB | 16 pages)

This report jointly developed by the UNEP FI Property Working Group and the Principles for Responsible Investment highlights international best practice examples of leading UNEP FI and PRI signatories on how to apply the Principles for Responsible Investment to property assets.
Japanese version
French version

Report Contributors and Further Resources (PDF: 120 KB)

Published: 2008 | By: UNEPFI and UNPRI

Responsible Property Investing: What the Leaders are Doing (975 KB | 16 pages)

This CEO Briefing summarises key market research carried out by the Property Working Group during 2006-2007. The collection of case studies presented in the Briefing identifies and highlights emerging opportunities that investors, asset managers and property managers can implement to improve the ESG performance of a property portfolio, without diluting financial return.

French Version (PDF: 645 KB)

Published: 2007 | By: UNEP FI