For 2023, our overall GRESB score reached 84 (out of 100), up one point from 2022, exceeding our peer group average of 77 and the overall GRESB average of 75. We continue to perform very highly in the context of ESG management (leadership, policies, and reporting) with a maximum score of 30/30.

This performance is a significant achievement given the size of our global portfolio, which is 3.5 times, by $GAV, larger than the average size of participating entries in our peer group. This year’s results show a solid improvement across several performance-based categories, with a notable increase in the area of Risk Assessment, recognizing our ever-increasing efforts in performing net-zero carbon audits across multiple regions and asset-types.

These results also highlight many of the initiatives implemented since 2017 as a part of Ivanhoé Cambridge’s sustainable investment approach. Our net-zero carbon commitment, including our «brown-to-green» strategy and the recently created «Green IRR» (Green Internal Rate of Return) approach, are ultimately going to push key indicators such as energy and greenhouse gas (GHG) reductions to higher levels of performance. This year, we also published our first TCFD (Task Force on Climate-related Financial Disclosures) report. This report is a genuine exercise in transparency against a backdrop of tightening global regulations and heightened expectations from our stakeholders.

You can now read the full press release at the link below