H&R Real Estate Investment Trust

Lobbying Governance

AI Extracted Evidence Snippet Source

The Board oversees climate related risks and opportunities through the REIT's Compensation, Environmental, Social & Governance and Nominating Committee (the "CESG&N Committee"), currently comprised of three Board members. The CESG&N Committee is responsible for ESG oversight at the REIT level over the REIT's ESG practices, including thorough review of the REIT's policies, and managing the REIT's environmental goals. The CESG&N committee meets quarterly, and ESG is a primary topic. The Board is made aware of the ESG performance and on-going risks and opportunities through the Corporate Responsibility Report, and the GRESB, ISS, and other benchmarking scores. The progress, submission, publication, and next steps resulting from these initiatives are consistently reviewed by the CESG&N Committee. For the industrial component of the portfolio, the sustainability officer updates an "environmental issues log" on a quarterly basis and presents it to the senior leadership team. For the remainder of the portfolio, the sustainability officer completes a quarterly statement, addressed to the senior leadership, regarding environmental issues.

https://www.hr-reit.com/wp-content/uploads/2024/11/HR-REIT-2023-Sustainability-Supplement.pdf

The REIT's Compensation, Environmental, Social & Governance and Nominating Committee (the "CESG&N Committee"), currently comprised of Brenna Haysom (Chair), Lindsay Brand, Donald Clow and S. Stephen Gross, is responsible for ESG oversight at the REIT level. [...] H&R has well established governance structures such as the Board Investment Committee to oversee and approve acquisitions in line with the REIT's strategic plan. H&R conducts environmental due diligence prior to acquiring a property, obtains and/or peer reviews Phase I Environmental Site Assessment reports conducted by independent and experienced consultants and, if recommended, undertakes further remedial action and monitoring.

https://www.hr-reit.com/wp-content/uploads/2024/03/Final-AIF-2023.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Monitoring by the VP, Sustainability and informal conversations within the team.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years

CDP Questionnaire Response 2023

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Monitoring by the VP, Sustainability and informal conversations within the team.

CDP Questionnaire Response 2023