Organisational Overview
1. What were your organisation's total assets under management as of 31 December 2007 (in millions)?		8300
Please select currency		Australian dollar (AUD)
1a. If 'Other' was selected, please specify the other currency here
2. What category would best describe your organisation?
3. What proportion (in %) of your fund is defined benefit and what proportion (in %) is defined contribution? (please only answer this question if you answered “Pension or superannuation or retirement or provident fund or plan” to Q2)
Defined benefit
Defined contribution
4. Please provide an overview of your asset mix as of 31 December 2007 (in %):
Listed equity (developed market, active)		0
Listed equity (developed market, passive)		0
Listed equity (emerging market, active)		0
Listed equity (emerging market, passive)		0
Fixed income - developed markets		0
Fixed income - emerging markets		0
Real estate or property		100
Private equity		0
Hedge fund		0
Infrastructure		0
Currency		0
Commodities		0
Cash		0
Other (Please specify):		0
5. Please indicate what percentage of your assets are managed internally and what percentage are managed externally (in %):
		Internal	External
Listed equity (developed market, active)		0	0
Listed equity (developed market, passive)		0	0
Listed equity (emerging market, active)		0	0
Listed equity (emerging market, passive)		0	0
Fixed income - developed markets		0	0
Fixed income - emerging markets		0	0
Real estate or property		100	0
Private equity		0	0
Hedge fund		0	0
Infrastructure		0	0
Currency		0	0
Commodities		0	0
Cash		0	0
Other (Please specify):		0	0
6. Please provide the following contact details for your main PRI contact:
URL for webpage outlining the specific services and products your organisation has to assist signatories in fulfilling their commitments to the Principles		http://www.investa.com.au/sustainability/
Principle 1
7. Do you have a formal investment policy statement that makes specific reference to the integration of responsible investment (RI) or environmental, social and governance (ESG) issues within investment decision making and ownership practices?
8. Do you have a statement that makes specific reference to the integration of responsible investment (RI) or environmental, social and governance (ESG) issues within investment decision making and ownership practices?		Yes, it is integrated into a broader statement and there is an independent RI/ESG statement
9. In what year were RI/ESG issues first formally addressed in a policy statement (integrated or independent)?		2007
10. Has your statement that makes specific reference to the integration of RI or ESG issues been disclosed publicly?		Yes
11. Please indicate how this statement that makes specific reference to the integration of RI or ESG issues can be obtained (a URL would be sufficient):		http://www.investa.com.au/sustainability/
12. For what percentage of your internal assets under management do you integrate RI/ESG issues into your internal investment decision-making processes? (in %)
Listed equity (developed market, active)
Listed equity (developed market, passive)
Listed equity (emerging market, active)
Listed equity (emerging market, passive)
Fixed income - developed markets
Fixed income - emerging markets
Real estate or property		100
Private equity
Hedge fund
Infrastructure
Currency
Commodities
Cash
{inst1}
13. To what extent have you integrated RI/ESG issues into your internal investment decision-making processes?
Listed equity (developed market, active)		To a large extent
14. For what percentage of your external assets under management are RI/ESG issues integrated into the investment decision-making processes of your external investment managers? (in %)
Listed equity (developed market, active)
Listed equity (developed market, passive)
Listed equity (emerging market, active)
Listed equity (emerging market, passive)
Fixed income - developed markets
Fixed income - emerging markets
Real estate or property
Private equity
Hedge fund
Infrastructure
Currency
Commodities
Cash
{inst}
16. What proportion of your assets involve screening out or excluding stocks or sectors based on ethical (rather than long-term financial) criteria? (in %)
17. Do you have any staff dedicated to RI/ESG issue analysis and/or implementation?
		Dedicated	Combined full-time equivalents
Investment analyst		0	0
Research analyst		0	0
RI/ESG issue policy advisor		0	0
(proxy) Voting specialist		0	0
Engagement specialist		0	0
Portfolio manager		0	0
Other (Please specify): General Manager, Sustainability, Safety and Environment; Sustainability Manager; OH&S and Environment Manager; Sustainability Communications Manager		0	3.5
		General Manager, Sustainability, Safety and Environment; Sustainability Manager; OH&S and Environment Manager; Sustainability Communications Manager
18. Which Board committee or other executive body has overall responsibility for RI/ESG issues?		Risk Management Committee
19. Do you assess the capabilities of internal investment staff to incorporate RI/ESG issues?		Yes
20. Do you assess the capabilities of external investment managers to incorporate RI/ESG issues?		No Answer
21. Approximately what percentage of your internal non-ESG-specialist investment management staff received RI/ESG training in 2007? (in %)		20
22. What forms of RI/ESG training or awareness raising have been invested in, encouraged or provided for internal staff (investment and other)?		Informal internal training,Conferences
23. Did you support the development of nonproprietary RI/ESG issue-related tools, metrics, analysis or academic research in 2007?		To a moderate extent
24. Please indicate how the results of nonproprietary RI/ESG issue-related tools, metrics, analysis or academic research development you supported can be obtained if they have been disclosed publicly (a URL would be sufficient):		Supported the work of the UNEPFI Property Working Group and contributed to 'What the leaders are doing' www.unepfi.org/fileadmin/documents/ceo_briefing_property_01.pdf
25. Have you advocated/supported/ encouraged/participated in RI/ESG issue-related industry-wide training for investment professionals during 2007?		Spoke at or attended conferences
26. What was your most significant achievement in 2007 in relation to your implementation of Principle 1?		Formal accreditation from the Responsible Investment Association of Australia - the first property company to receive such.
27. What was your biggest barrier in 2007 with relation to your implementation of Principle 1?		Tight property market with strong competition for assets.
28. Please add any overall comments and clarifications related to Principle 1 here.		Investa applies a systematic methodology for taking environmental, social, ethical and labour standards into account in the selection and management of buildings.
Principle 2
29. To what extent did you employ the following approaches in your 2007 active ownership strategy for listed equities?
(Proxy) voting		No Answer
Direct engagement conducted privately		No Answer
Direct engagement conducted publicly		No Answer
Collaborative engagement		No Answer
Filing shareholder resolutions		No Answer
Co-filing shareholder resolutions		No Answer
Other (Please specify):		No Answer
30. To what extent did you employ the following approaches in your 2007 active ownership strategy for all asset classes other than listed equity?
(Proxy) voting		Not at all
Direct engagement conducted privately		To a large extent
Direct engagement conducted publicly		To a large extent
Collaborative engagement		To a large extent
Other (Please specifyWorked directly with Asset Managers on day-to-day matters):		To a large extent
		Worked directly with Asset Managers on day-to-day matters
31. Do you have a (proxy) voting policy?		No
32. To what extent does your (proxy) voting policy direct action on ESG issues? For each issue, please indicate the extent of direction.
Environmental		No Answer
Social		No Answer
Governance		No Answer
33. Does your (proxy) voting policy apply to all voting regions (where possible)?		No Answer
34. Please indicate how your (proxy) voting policy can be obtained (a URL would be sufficient):
35. Do you ensure that voting is done in accordance with your (proxy) voting policy?		No Answer
36. What percentage of total votes cast were against management? (in %)
37. What percentage of shareholder resolutions relating to environmental, social or governance issues was supported? (in %)
Environmental
Social
Governance
38. Do you conduct (proxy) voting on behalf of your clients?		No
39. How many shareholder resolutions related to RI/ESG issues did you participate in during 2007?
As lead filer
As co-filer
Planning to be lead filer in 2008
Planning to be co-filer in 2008
40. How were portfolio companies engaged with in 2007? Please check all that apply.		Internal staff engaged portfolio companies directly
41. Do you systematically bring RI/ESG issue-related engagement opportunities to your clients?		To a moderate extent
42. Do you systematically ask your external investment managers to bring RI/ESG issue-related engagement opportunities to you?		No Answer
43. How many portfolio companies did you engage directly/were engaged on your behalf on ESG issues in 2007?
	Extensive engagement	Moderate engagement	Basic engagement
Environmental	1	0	0
Social	1	0	0
Governance	1	0	0
44. What RI/ESG-related issues were addressed in your shareowner engagement initiatives? Please check all that apply.		Climate change,Environment,Governance,Health,Health and safety
45. How were RI/ESG issue-related engagement targets and topics identified? Please check all that apply.		Sector exposure
46. Do you set RI/ESG issue-related engagement objectives and attempt to evaluate success?		To a large extent
47. Have you sought evidence relating to the effectiveness of your active ownership strategy? Please check all that apply.		Collaborative work with a company on a specific ESG issue,Other evidence of improvement in investee company RI/ESG performance due to our activities,Other (please specify): 'Direct relationship between funds and asset management within internal structure.'
48. What was your most significant achievement in 2007 in relation to your implementation of Principle 2?		Due diligence process strengthened so that we can better identify and budget for upgrade opportunities in new property acquisitions.
49. What was your biggest barrier in 2007 with relation to your implementation of Principle 2?		n/a
50. Please add any overall comments and clarifications related to Principle 2 here.		Investa employs a vertically integrated direct property management structure. This aids considerably. Investa’s property investment and management ESG methodology focuses on improving the quality and sustainability practices of properties held in the investment portfolio. Our Pre-purchase and Asset Management guidelines incorporate Social ethical and environmental considerations. Investa’s Sustainability Policy and our Code of Conduct apply to all employees, contractors, suppliers, service providers, subsidiaries and joint ventures and must be complied with at all times.
Principle 3
51. Have you asked that investee companies (or other investment entities) produce standardized reporting on their RI/ESG issue policies, practices or performance (within annual financial reports or other formats)?		To a large extent
52. What format of standardized reporting on RI/ESG issue policies, practices or performance have you requested?		Integrated with regular financial reports,Standalone corporate social responsibility or sustainability reporting,Global Reporting Initiative (GRI),Carbon Disclosure Project (CDP),Other (please specify): 'Asset-by-asset reporting'
53. Have you provided feedback to investee companies (or other investment entities) on their reporting on RI/ESG issues?		To a large extent
54. Have you sought information from companies regarding their adoption of/adherence to norms, standards, codes of conduct or international initiatives related to RI/ESG issues?
Adoption		To a large extent
Adherence		To a large extent
55. Which norms, standards, codes of conduct or international initiatives related to RI/ESG issues have you sought information about from companies, with regard to their adoption of/adherence to?		Other (please specify): 'Property specific: AGBR, NABERS, Green Star ratings'
56. What was your most significant achievement in 2007 in relation to your implementation of Principle 3?		Enhanced monthly utilities reporitng for each commercial property asset covering: energy, water, emissions, waste to landfill.
57. What was your biggest barrier in 2007 with relation to your implementation of Principle 3?		n/a
58. Please add any overall comments and clarifications related to Principle 3 here.		We invest directly in property and in most instances manage this property ourselves. Where the management function is outsourced to a third party provider we monitor energy, water and waste diversion perfomance on a monthly basis, seek quarterly representation letters and conduct annual audits to satisfy ourselves that appropriate environmental, social, ethical and labour standards are being taken into account.
Principle 4
59. Are you considering RI/ESG requirements when searching for and selecting the following?
External investment manager		Not applicable
Investment consultant		Not applicable
Proxy voting		Not applicable
Engagement overlay		Not applicable
Investment research		Yes
Internal operations (for example, purchasing, travel, office space etc.)		Not applicable
60. Have you linked the following to performance on RI/ESG issues?
Investment monitoring		Yes
Incentive structure (internal investments)		Yes
Incentive structure (external investments)		Not applicable
Contractual relationships with external investment managers		Not applicable
61. Are the default pension funds or retirement plans offered to your employees also signatories to the PRI?		Yes
62. To what extent do you encourage your service providers to become PRI signatories?		Not applicable
63. To what extent do you encourage your clients to become PRI signatories?		To a small extent
64. To what extent do you encourage peer organisations to become PRI signatories?		To a small extent
65. Do you have evidence that you have played a role in the improved integration of RI/ESG issues by external investment managers?		No Answer
66. Does your broker evaluation process include an ESG component or do you have a budget to pay cash for ESG broker research?		Not applicable
67. Have you revisited any relationships with service providers in light of RI/ESG issue-related capabilities?		No
68. Have you engaged in dialogue, lobbying or initiatives pertaining to government policy and/or industry regulations (for example, stock exchanges, accounting standards) related to RI/ESG issues in 2007?		To a large extent
69. What was your most significant achievement in 2007 in relation to your implementation of Principle 4?		Relaunched various initiatives to raise awareness of the value of Responsible Property Investment and presented on this topic at the UNFCCC conference in Bali.
70. What was your biggest barrier in 2007 with relation to your implementation of Principle 4?		n/a
71. Please add any overall comments and clarifications related to Principle 4 here.		We promote the principles in our dealings with tenants through initiatives such as the Green Lease Guide and Investa Greenhouse Guarantee. We support research and actively participate in seminars, conferences and presentations across the property and investment industries. We are an active observer of the United Nations Environment Programme Finance Initiative’s Property Working Group (UNEP-FI PWG).
Principle 5
72. Did you use the PRI Engagement Clearinghouse in 2007?		No
73. Did your use of the clearinghouse result in subsequent action or collaboration with other signatories?		No Answer
74. Please elaborate on how the PRI Engagement Clearinghouse could be made more useful:		Enter text response here.
75. To what extent do you participate in the following RI/ESG issue-related collaborative engagement initiatives and/or industry associations? For those not listed, please use the "other" field:		Carbon Disclosure Project,United Nations Environmental Program Finance Initiative (UNEP FI)
77. What was your most significant achievement in 2007 in relation to your implementation of Principle 5?		Defined our methodology in our annual Sustainability Report.
78. What was your biggest barrier in 2007 with relation to your implementation of Principle 5?		Resources and time.
79. Please add any overall comments and clarifications related to Principle 5 here.		Investa produces a Sustainability Report every year which details our corporate social responsibility practices. We are committed to a process of active and meaningful engagement with unitholders in our various investment funds. Investa is a founding member of the Green Building Council of Australia and will seek to work with industry peers on implementing the Principles.
Principle 6
80. Have you disclosed how RI/ESG issues are integrated into your investment processes?		Yes - to clients or beneficiaries and the public
81. Please indicated how this disclosure of how RI/ESG issues are integrated into your investment processes can be obtained (a URL would be sufficient):		http://www.investa.com.au/sustainability/
82. To what extent do you disclose your annual (proxy) voting record?		Not at all
83. Please indicated how your (proxy) voting record can be obtained (a URL would be sufficient):
84. Do you systematically report (privately and/or publicly) on your RI/ESG issue-related engagement activities, results and progress?		To a large extent
85. Please indicate how your reporting on RI/ESG issue-related engagement activities, results and progress can be obtained (if it is publicly available, a URL would be sufficient):		http://www.investa.com.au/Sustainability/SustainabilityReport.aspx
86. Did you communicate on RI/ESG issues and the PRI to beneficiaries or plan participants in 2007?
87. Please indicate how your communication on RI/ESG issues and the PRI to beneficiaries or plan participants can be obtained (if it is publicly available, a URL would be sufficient):
88. Are you undertaking any additional efforts to raise awareness of the PRI and RI/ESG issues amongst stakeholders?		To a moderate extent
89. What evidence do you have of the impact on external investment manager practices? Please check those that apply.		No Answer
90. Have you sought to determine what impact your overall RI/ESG issue-related efforts (voting and engagement, investment decision making, disclosure, etc.) have had on corporate behavior or performance?		Not at all
91. Have you sought to determine what impact your RI/ESG issue-related approach has had on the performance of your portfolio?		To a large extent
92. Have you sought to determine what impact your RI/ESG issue-related efforts, requests and guidance have had on the consideration of RI/ESG issues by your external service providers excluding external investment managers (for example: research providers, consultants, etc.)?		Not at all
93. Do you report on progress and/or achievements relating to the PRI or RI, and how would you like to publish your response to this assessment?		Please automatically publish our responses to the reporting and assessment tool in full on the PRI website,We will send a URL to the PRI Secretariat which will link to the responsible investment section of our website (which will include your partial response to this reporting and assessment tool)
94. What was your most significant achievement in 2007 in relation to your implementation of Principle 6?		n/a
95. What was your biggest barrier in 2007 with relation to your implementation of Principle 6?		Our most recent Sustainability Report was for the year to 30 June 2007. We commmitted to the principles on 11 July 2007.
96. Please add any overall comments and clarifications related to Principle 6 here.		Future Sustainability Reports will incorporate a section on the Principles that discusses our progress in adopting and implementing them over time.
Emerging Markets
97. To what extent have you actively thought about how to integrate RI/ESG issues within investment decision making and ownership practices with regards to emerging markets investments?		Not at all
98. Please describe your activities with regards to integrating RI/ESG issues within investment decision making and ownership practices with regards to emerging markets investments.		n/a - Australia only.
99. To what extent do you believe the integration of ESG issues in emerging markets is as relevant as the integration of ESG issues in other markets?		To a greater extent
100. To what extent did you employ the following approaches in your 2007 active ownership strategy in emerging markets?
(Proxy) voting		Not Applicable
Direct engagement conducted privately		Not Applicable
Direct engagement conducted publicly		Not Applicable
Collaborative engagement		Not Applicable
Filing shareholder resolutions		Not Applicable
Co-filing shareholder resolutions		Not Applicable
Other (Please specify): n/a		Not Applicable
		n/a
101. To what extent have you developed a comprehensive RI/ESG engagement capability regarding business activities in emerging markets?		Not Applicable
102. Please list the three most often addressed RI/ESG-related issues in your shareholder engagement initiatives in emerging markets?
1.
2.
3.
103. Have you sought information from companies regarding their adoption of/adherence to norms, standards, codes of conduct or international initiatives related to RI/ESG issues in emerging markets?
Adoption		Not Applicable
Adherence		Not Applicable
104. Do you take RI/ESG considerations into account when selecting and approving emerging markets external investment managers?		Not at all
105. Do your consultants factor RI/ESG issues into their short listing of emerging markets external investment managers?		Not at all
106. Do you have evidence that you have played a role in the improved integration of RI/ESG issues by external investment managers investing in emerging markets?		Not at all
107. To what extent have you worked together with other investors to improve the effectiveness of implementing the PRI in emerging markets?		Not at all
108. Are you undertaking any additional efforts to raise awareness of RI/ESG issues in emerging markets?		Not at all
109. Have you sought to determine what impact your RI/ESG issue-related efforts (voting and engagement, investment decision making, disclosure, etc.) have had on corporate behaviour or performance in emerging markets?		Not at all
110. Please add any overall comments and clarifications related to the PRI in emerging markets here.		We operate exclusively in Australia.
111. What is your top PRI-related goal/priority for emerging markets in 2008?		We operate exclusively in Australia.
Closing Comments
112. Why did your organisation join the PRI?		It was important to formalise our approach to responsible investment.
113. Please describe the benefits you have enjoyed as a result of signing the PRI:		Association only.
114. To what extent do you believe the PRI has succeeded in changing investor behaviour and/or raising awareness or capacity on RI/ESG issues? Do you have any examples you could share?		Many of our peers refer to it so it's raising awareness.
115. What are the top three activities the PRI Secretariat could undertake to enhance and encourage further implementation of the PRI by current and prospective signatories?
1.		n/a
2.		n/a
3.		n/a
116. What are your top three PRI-related goals/priorities for 2008?
1.		http://www.investasustainability.com.au/reports/2007/sustainability/Appendices/
2.		See Sustainability Report for goals and priorities for 2008.
3.		.
117. Please rank the six principles from most difficult to implement to least difficult to implement:
Most difficult 1		Principle 2
2		Principle 1
3		Principle 5
4		Principle 3
5		Principle 6
Least difficult 6		Principle 4