As a specialist investment manager focused on global listed real estate and infrastructure companies, Resolution Capital's investable universe means that companies involved in the production and distribution of alcohol, tobacco and the manufacture of controversial weapons are excluded, since they are outside of our investment universe. In its investment activities, the Fund Manager expects the companies it invests in to respect the human rights of its employees and the employees of companies in their supply chains, in line with international conventions, such as the UN Guiding Principles on Business and Human Rights and the 10 Principles of the UN Global Compact. Resolution Capital does not have a specific methodology for how labour standards considerations are taken into account in the selection, realisation and retention of the Fund's investments. In practice, Resolution Capital records labour disclosures where available, and takes into consideration responsible investment and labour standards frameworks, including UN Principals of Responsible Investment, UN Global Compact and UN Guiding Principles on Business and Human Rights to the extent they have a financial impact on the Fund's investments.

Resolution Capital's ESG risk integration approach is primarily focused on assessing and managing the potential financial impact resulting from ESG risks on investment assets. When reviewing potential investment opportunities for the Fund, Resolution Capital will assess the risk of a permanent loss of capital due to an ESG risk by identifying events that could occur as a result of an asset's exposure to material ESG issues. 

Environmental, Social and Governance considerations are an integral part of ResCap's investment philosophy and are incorporated in stock analysis. The Fund Manager believes that strong ESG practices benefit the broader community and are additive to performance, ultimately rewarding investors through superior investment outcomes. ESG factors that the Fund Manager considers in its investment process for real estate strategies include whether companies have carbon reduction targets that align with the requirements of the Paris Agreement, as well as policies to increase energy, water, and waste efficiencies in their properties, as these practices lower operating expenses, making properties more profitable and sustainable in operations.

The integration of ESG into the investment process is supplemented by Resolution Capital's engagement policy and activities, which are designed to optimise their ability to affect outcomes and enhance investment decision-making. Resolution Capital's engagement activities include proxy voting. It is the policy of Resolution Capital to vote on all proxy resolutions it has the ability to vote on.

Resolution Capital has been a signatory to the United Nations initiated Principles for Responsible Investment since 2010 and in October 2019 ResCap became a signatory to the UN Global Compact. Resolution Capital is an Investor Member of the Global Real Estate Sustainability Benchmark (GRESB) which enables it to collect reliable data for ESG reporting and make informed decisions about its investments. It is a member of the Ceres Investor Network and has been named a Responsible Investment Leader by RIAA.