RAM Essential Services Property Fund
Climate Impact & Sustainability Data (FY2024)
Reporting Period: FY2024
Environmental Metrics
ESG Focus Areas
- Diversity and Inclusion
- Social Responsibility
- Sustainability
- Carbon Emissions Reduction
- Net Zero Emissions
Environmental Achievements
- Collaborated with KPMG on energy audits to establish a data governance framework.
- Initiated a Net Zero emissions pathway.
Social Achievements
- Named an Inclusive Employer 2021-2022 and 2023-2024 by Diversity Council Australia (DCA).
- Certified as a Family Friendly Workplace.
- Real Giving Programme with a goal of donating at least 1% of RAM’s profits to charity.
- Member of Pride in Diversity inclusion programme.
- Member of Women in Banking and Finance (WiBF).
Governance Achievements
- Member of the Financial Services Council (FSC).
- Member of the Responsible Investment Association Australasia (RIAA).
- Member of the Australian Investment Council (AIC).
Climate Goals & Targets
Long-term Goals:
- Net Zero goal pathway aligned to best practice
Medium-term Goals:
- Net Zero goal pathway aligned to best practice
- Expand scope to other initiatives
- Establishment of agreed NABERS and Green Star ratings
Short-term Goals:
- Benchmarked portfolio against industry standards including Green Star and NABERS
- Established Working Group to set and monitor portfolio against agreed Goals
Environmental Challenges
- Interest rate risk
- Property valuation risk
- Rental income and expense risk
- Re-leasing and vacancy risk
- Property illiquidity
- Development risk
- Competition
- Tenant concentration
- Environmental regulation
Mitigation Strategies
- Interest rate hedging contracts
- External valuations
- CPI-linked leases and turnover rent
- Proactive leasing
- Portfolio optimization and capital recycling
- Obtaining statutory permits, leasing pre-commitments, and appropriate building contracts
- Diversified tenant base
- Systems in place for environmental responsibilities
Supply Chain Management
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Green Star, NABERS
Certifications:
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Inclusive Employer 2021-2022 and 2023-2024 by Diversity Council Australia (DCA)
- Family Friendly Workplace