Overall, GRE improved on its excellent results from 2014, submitting 11 funds globally from a wide range of countries including the US, Germany, Switzerland, Luxembourg, UK and Japan, and across a variety of real estate sectors. Following the success of 2014 where eight funds were awarded Green Star status, this year nine GRE funds have been recognised as Green Stars.

Commenting on the results, Thomas Wels, Head of Global Real Estate commented: “GRE’s global leadership and implementation in this field has continued in 2015. We have consistently achieved excellent scores in multiple global regions across both the 2014 and 2015 surveys.”

The 2015 survey was completed by 707 real estate companies and funds/portfolios across 37 countries worldwide, representing a total property value of USD 2.3 trillion and 61,000 individual property assets under management.

GRESB collects information regarding the sustainability performance of property companies and funds. This includes information on performance data, such as energy, GHG emissions, water and waste. In addition, the survey also covers broader sustainability issues, such as sustainability risk assessments, performance improvement programs, and engagement with employees, tenants, suppliers and the community.

GRESB’s global benchmark uses a consistent methodology across different global regions, investment vehicles and property types. Participants’ scores are based on eight detailed criteria – Management, Policy & Disclosure, Risks & Opportunities, Monitoring & EMS, Performance Indicators, Building Certification & Benchmarking, Stakeholder Engagement and New Construction & Major Renovations.

A summary of GRE’s results is shown in the table overleaf.

Download the full press release at the link beneath Related Files