HARRISON STREET
HARRISON STREET
Standing out from the crowd : Pioneers in ESG practices As part of its mission , Harrison Street strives to enact pioneering ESG practices before it became a ‘ trend ’ – and dedicating resources to a standalone impact department with six full-time employees .
Brosig stresses : “ We also put immense emphasis on the ‘ S ’ in ESG , which is something not many other firms have done . ESG is part of our entire investment lifecycle , we make a concentrated effort to capture the economic or financial benefit from our efforts and we also ensure that we bring together key stakeholders to collaborate and share ideas on how to best leverage technologies , processes and partnerships .”
There is no doubt that there is value in being an early adopter and pioneer in ESG , sustainability efforts will continue to become more urgent and Harrison Street is well situated to continually improve its strategy along the way .
“ Reaching our 70 % reduction goal will represent a huge achievement but that will only be a starting point ,” she says . “ Since the firm was founded , our global portfolio has expanded and now encompasses more challenging sectors , including data centres with unique ESG demands .”
Harrison Street aims to extend its targets to cover these new asset classes and embodied carbon , as well as look to enhance its biodiversity strategy .
Brosig continues : “ Our work in quantifying the impact of our social initiatives will help us identify which programmes have the greatest impact and those which are most closely aligned to financial performance . Using this we can extend best social practices across our assets and shape future social strategy .
“ Additionally , our tri-annual stakeholder materiality survey will help us continue to evolve our practice and shape issues that are most relevant and important to them . And of course , we will continue to invest in our employees , who we believe are our greatest asset .”
EVMAGAZINE . COM [ Mar 2024 ] 63