Impact
ASB seeks to consider the impact of our corporate and investment-level operations on the well-being of our tenants, employees, contractors, and the communities in which our investment activity serves.
OUR GOALS
Promote tenant and resident engagement events including donation drives and community-building events
Provide amenities and spaces that support tenant and resident health and well-being where possible
Pursue building certifications in recognition of health and well-being attributes at certain properties
Through support of charitable organizations give back to the community to help those in need
Pursue the employment of highly trained, skilled workers from the construction industry, who are paid fair wages and have safe living and working conditions through ASB’s responsible contractor policy
Tenant Engagement, Health & Wellness
ASB utilizes tenant engagement and surveys from time to time to gauge satisfaction levels and identify issues to address with the aim of ensuring high levels of retention. In addition, we have conducted tenant satisfaction surveys to track tenant satisfaction and engagement at certain properties.
Additionally, we have launched a number of initiatives to address tenant health and wellness, pursuing applicable certifications where possible, such as Fitwel and WELL Building Standard.
IMPROVING INDOOR AIR QUALITY
We currently have an Indoor Air Quality (IAQ) program focused on select office and mid-to-high-rise multifamily assets across our portfolio — timely during the Covid-19 pandemic. The program included third-party measurements and internal review.
EMPLOYEES
The ASB team is a diverse group of individuals that enjoy professional benefits, including competitive pay, access to health, dental, and vision care, disability and life insurance coverage, plus paid time off. Employees are encouraged to take an active part in managing their careers and growth within the organization.
DIVERSITY, EQUITY & INCLUSION
As a leader in the institutional real estate marketplace, we recognize the importance of promoting diversity and equality within all facets of our organization. The ASB Diversity, Equity and Inclusion (DEI) initiative’s purpose is to foster an environment that seeks to recognize employees’ unique skillsets and strives to ensure that they have equal opportunity to grow and advance in an evolving workplace. As part of our DEI program, we have partnered with the following organizations:
A BEST PLACES TO WORK COMPANY
ASB Real Estate Investments has won a Best Place to Work in Money Management award for several years from Pensions & Investments.¹ Presented by Pensions & Investments, the global news source of money management, the annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
SUPPLIERS & CONTRACTORS
We believe one of the more impactful policies employed by ASB in pursuit of social engagement is its responsible contractor policy. This policy seeks to promote responsible investing through engagement of signatory contractors ensuring the employment of highly trained skilled workers from the construction industry that are paid fair wages and have safe living and working conditions.
ASB: GIVING BACK
ASB wants to give back to the community to help those in need. We strive to make a positive, impactful change and support a wide variety of socially responsible organizations. Fostering a corporate culture of giving, the company has created a volunteer committee, ASB in Action, which aims to organize fundraising events that give back to the communities where we operate. In addition, all employees are given five volunteer days per year.
1. ASB paid a participatory fee to be included in the Pensions & Investments Best Place to Work survey. There was no promise or guarantees, either direct or indirect, in connection with the fee and the selection for the award. For more information regarding the survey, please see Best Places to Work for more information regarding the survey.
The information provided herein regarding the ASB Real Estate Investments (“ASB”) ESGR program does not constitute an offer to sell or buy securities or the solicitation of an offer to sell or buy securities in any fund ASB or its affiliates acts as a sponsor or investment adviser to now or in the future.
IN MAKING ANY INVESTMENT DECISION, PROSPECTIVE INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE GOVERNING AGREEMENTS OF SUCH FUNDS (INCLUDING THE PARTNERSHIP AGREEMENTS), AND THE TERMS OF ANY OFFER, INCLUDING THE RISKS INVOLVED. NEITHER THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION NOR THE SECURITIES COMMISSION OR ANY OTHER AGENCY OF ANY OTHER JURISDICTION HAS REVIEWED OR PASSED UPON THE MERITS OF SUCH FUNDS. THEIR UNITS HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL, STATE OR FOREIGN SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DESCRIPTION OF THE ESGR PROGAM. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Where consistent with our investment goals of improving long term performance and reducing risk, ASB integrates ESGR objectives into our overall business strategy and investment management process. The information contained herein is solely for informational purposes and should not be relied upon in connection with making any decision with respect to advisory services provided by ASB Capital Management LLC, its division ASB or an investment in a fund or separate account managed by ASB or an affiliate. It should not be assumed that any ESGR initiatives, standards, or metrics described herein will apply to each asset in which ASB invests or each portfolio or fund or that they have applied to each of ASB’s prior investments or funds. ESGR is only one of many considerations that ASB takes into account when making investment decisions and managing assets, and other considerations can be expected in certain circumstances to outweigh ESGR considerations. The information provided herein is intended solely to provide an indication of the ESGR initiatives and standards that ASB may apply from time to time when seeking to evaluate and/or improve the ESGR characteristics of an asset as part of the larger goal of maximizing financial returns on investments. Accordingly, certain investments may exhibit characteristics that are inconsistent with the initiatives, standards, or metrics described herein. Considering ESGR qualities when evaluating and/or managing an investment may result underperformance compared to advisers that do not take ESGR-related factors into account because, among other reasons, the market may ultimately have a different view of a particular property than that anticipated by ASB. Further, while ESGR-related expenses of ASB’s funds and clients generally are incurred in furtherance of ASB’s goal to maximize profits for such funds and clients, certain expenses may instead be incurred in furtherance of certain environmental, social, governance and resilience goals, which could have an adverse impact on performance of an investment.
With respect to any case studies or outcomes referenced herein at the property or fund level it should not be assumed that these case studies are representative of all properties in all funds, or that similar initiatives or results will be experienced at other properties and it should not be assumed that these outcomes are representative of all properties in any funds, or that similar initiatives or results will be experienced at other properties. In considering the information contained herein, readers of this description of ESGR matters and case studies or goals or objectives should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that ASB or its affiliates will be able to achieve similar results, implement its investment or ESGR strategy and investment or ESGR approach or achieve its investment or ESGR objectives. The description of ESGR is solely for illustrative purposes.
Unless stated otherwise, all time-sensitive representations or financial information in this description of our ESGR program are provided as of the specific date stated herein. Neither the delivery of this description at any time, nor any sale hereunder, shall under any circumstances create an implication that the information contained herein is correct as of any other time subsequent to such dates. Certain economic and market information or other information contained herein has been obtained from published sources and/or prepared by other parties and in certain cases has not been updated through the date hereof. While such sources are believed to be reliable for the purpose used herein, none of the ASB or its affiliates or officers, directors or employees, any of their respective affiliates or any of their respective shareholders, directors, officers, employees, partners, members, agents or representatives or any other person assumes any responsibility for the accuracy or completeness of such information.
THIS DESCRIPTION MAY INCLUDE FORWARD-LOOKING STATEMENTS. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACTS, INCLUDING, WITHOUT LIMITATION, STATEMENTS REGARDING ASB’S OR ITS FUNDS’ OR AFFILIATIES’ FUTURE ESG PERFORMANCE, FINANCIAL POSITION, BUSINESS STRATEGY, BUDGETS, PROJECTED COSTS AND PLANS AND OBJECTIVES FOR FUTURE OPERATIONS AND INVESTMENTS, ARE FORWARD-LOOKING STATEMENTS. IN ADDITION, FORWARD-LOOKING STATEMENTS GENERALLY CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “MAY,” “WILL,” “EXPECT,” “INTEND,” “FORECASTED,” “PROJECTED,” “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” OR “CONTINUE” OR THE NEGATIVE THEREOF OR VARIATIONS THEREON OR SIMILAR TERMINOLOGY. ALTHOUGH WE BELIEVE THAT THE EXPECTATIONS REFLECTED IN SUCH FORWARD-LOOKING STATEMENTS ARE REASONABLE, THERE CAN BE NO ASSURANCE THAT SUCH EXPECTATIONS WILL PROVE TO BE CORRECT AND ACTUAL RESULTS MAY DIFFER MATERIALLY.