Objective

To advise, and represent where necessary, AREF, its member funds and their investors on ESG and impact investing. 

Membership Structure (Preferred)

Chair  
Fund Management Representatives Minimum 3
Investment House Sustainability Specialists Minimum 3
Investment House Capital Raisers / Client Services Representatives No Minimum
Investor Representatives Minimum 1
AREF Secretariat    

    
Investors Representatives need not be AREF members but they must be from a different house than the Chair and they must meet the criteria for membership of the AREF Investor Committee. All other Committee members must be Full, Affiliate or Associate Member representatives in accordance with normal AREF rules.

No firm may have more than one of the same type of representative on the Committee but that restriction does not apply to specialist working groups.

The Committee may set up specialist working groups looking at specific topics. Each working group should be chaired by a member of the Committee, but other members may be from the Committee or may be AREF members or non-members co-opted due to their specialist knowledge by the Chair of the Committee.

The AREF Chief Executive is not a member of the Committee but may be in attendance.

Membership Tenure

Given the widespread interest in this area it is likely that some Committee member roles will be over-subscribed and waiting lists will be maintained.
Membership will therefore be limited to three years after which members will be rotated off, unless there are no replacement applicants, in which case membership may be extended for a further three years.

Members are expected to make every effort to attend meetings.  Frequent non-attendance may prejudice continued membership.

Reports to

AREF Management Committee (Requests for approvals to AREF Management Committee required at least two weeks in advance)

Liaises with

  • AREF Corporate Governance Committee
  • AREF Investor Committee
  • AREF Public Affairs Committee
  • PIA (Property Industry Alliance), including other member organisations individually, particularly the Green Property Alliance
  • BPF
  • INREV
  • IPF
  • MSCI
  • AIFA (Alliance of International Fund Associations - RealPac (Canada), ASPIM (France), Property Council of Australia (Australia), AREF (UK) and PREA (US))
  • BBP (Better Buildings Partnership)
  • EREF (European Real Estate Forum)
  • GRESB
  • PRI (United Nations)
  • Government
  • The IA
  • Other real estate and investment organisations as required

Oversees

Working groups as required

Meeting timing and frequency

Full meetings on a two-monthly basis, ideally a month or thereabouts before the AREF Management Committee
Ad hoc meetings or conference calls as required
Minutes circulated to Committee and included in AREF Management Committee papers