Genesta’s Value Add Funds Recieve GRESB Green Stars
Genesta’s value add funds outperformed their GRESB Benchmark (Global Real Estate Sustainability Benchmark) and received GRESB Green Star status. On a consolidated basis, Genesta achieved 5 stars out of 5 possible. The Green Star designation is awarded to real estate management companies and funds in the property industry that measure, implement, manage and develop within very strict environmental, social and governance (ESG)-measures. Only portfolios that fully integrate ESG aspects into their operations achieve the Green Star designation.
“Our accomplishments are a direct result of our organization’s dedication and prioritization on sustainable business practices,” comments Genesta’s CEO David Neil. “Our aim is to continue being in the forefront of the shift to a more sustainable real estate industry. Being able to provide our investors with strong risk-adjusted returns while also outperforming our ESG-benchmark reinforces our belief that ESG-practices is an integral part of real estate development.”
The GRESB survey assesses sustainability areas ranging from stakeholder engagement, management, policy and disclosure, risk and opportunities, performance indicators, monitoring and EMS to building certification. The yearly survey provides a unique opportunity for real estate managers to compare results.
For further information, please contact:
David C. Neil
+46 8 506 497 14 (direct)
Head of ESG, Genesta
+358 40 708 95 19 (direct)
GRESB is an industry-driven organization committed to assessing the sustainability performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is used by institutional investors to engage with their investments with the aim to improve the sustainability performance of their investment portfolio, and the global property sector at large. By participating in GRESB’s annual assessment, companies and fund managers will be able to better manage their portfolios in the face of more volatile energy supply, stricter legislation to combat climate change, increased energy efficiency requirements and changing preferences of corporate tenants.
For more information, visit the GRESB web site: www.gresb.com