The GRESB Report 2011 is out now!
At the request of a global consortium of institutional investors, 340 of the worldʼs largest property funds have disclosed detailed data on the environmental performance of their portfolio. A report launched today shows that reporting on environmental metrics has improved substantially. Frontrunners in the commercial property sector reduced their energy consumption by three percent in 2010.
More than 340 property funds and companies, with real estate assets worth nearly US$1 trillion, have responded to a call for action by the GRESB Foundation, which is backed by US$1.7 trillion in institutional capital, to disclose information on environmental management and performance.
Download the GRESB Report 2011 or click on the report below to read about the results online.
The assets covered by the 2011 GRESB survey illustrate that the scope of the commercial property sector is large by all standards: on aggregate, the respondents manage approximately US$ 928 billion in commercial real estate assets, with an estimated aggregate emission of 34 million tons of carbon per year (the equivalent of 6 million cars on the road in a year).
To provide respondents with information on their environmental performance, the collected data is graphically represented in an online scorecard, in which companies and funds can observe their relative performance against peers. GRESB members can use this information as a basis for an informed and meaningful dialogue with the funds managing their real estate allocations. For institutional investors with direct property allocations, the scorecard provides insight into the performance of their portfolio as well.
GRESB in the press
REIT.com Commercial Real Estate Sustainability Progressing in the United StatesApril 2, 2013
Government Employees Pension Fund Endorses Sustainable Investment in the Property SectorMarch 26, 2013
REIT Magazine Weekly Report for Feb. 4, 2013February 7, 2013
NAREIT about the GRESB/Leader in the Light Award — item starts after 1min
U.S. Advisors, REITs, Embrace New Global BenchmarkJanuary 22, 2013
Investors Showing Interest in Real Estate SustainabilityDecember 27, 2012
Sander Paul van Tongeren, senior sustainability specialist for global real estate and infrastructure with APG Asset Management, joined REIT.com for a video interview at REITWorld 2012: NAREIT’s Annual Convention for All Things REIT at the Manchester Grand Hyatt in San Diego.
Responsible Property Investment: What the leaders are doingDecember 11, 2012
How investors are using the results of the GRESB Survey to engage with fund managers – Aviva Investors Global Real Estate Multi-Manager in the 2nd Report of the Property Working Group of the United Nations Environment Programme Finance Initiative (UNEP FI).
Shop Talk – A Conversation With Nils KokDecember 5, 2012
The Institutional Real Estate Letter (North America) – October 2012
New GRESB Report Shows Increased Focus On Sustainability Reporting in Real Estate Sector
PREA Quarterly - Q3 2012