Named by GRESB for its Leadership in Sustainability.
We are pleased to announce that our fund GNRE Fund II achieved the highest possible rating of 5 Stars and is selected as Sector Leader by GRESB in the 2020 Real Estate Assessment.
The GRESB Sector Leader Awards Program recognizes real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability.
Ambitious goals, dedication and hard daily work is behind this. We achieved the highest possible rating thanks to the priority we attach to ESG across all our projects and properties. It has been a fantastic team effort at Genesta, with every one of us contributing to it.- David C. Neil, Genesta CEO.
Five years of constant improvement
The fund reached 84 points compared to a GRESB average of 70 points and a peer average of 66 points. The fund achieved first place in its predominant peer group and was selected as the Sector Leader in the Diversified - Office/Industrial, Europe Regional Non-listed category.
This year was the 5th year in a row for GNRE Fund II participating in GRESB and the fund has improved its result every year.
Being able to provide our investors with strong risk-adjusted returns while also improving our ESG performance reinforces our belief that sustainable real estate development is the winning strategy.- David C. Neil, Genesta CEO.
Each year GRESB assesses and benchmarks the ESG performance of real assets worldwide. The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks, goals and emerging regulations.
The 2020 ESG benchmark covers more than US $5.3 trillion AuM (2019: 4.5 trillion), giving clarity and direction to the real asset investment market as a means to address complex sustainability challenges. GRESB data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future.
GRESB is a mission-driven and investor-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to the capital markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world. In 2020 alone, more than 1,200 real estate portfolios reported to GRESB covering more than 96,000 assets. Our coverage for infrastructure includes more than 540 infrastructure portfolios and assets. Combined, the reported assets represent US $5.3 trillion AUM. The data is used by more than 100 institutional and financial investors to monitor investments across portfolios and navigate the strategic choices needed for the industry to transition to a more sustainable future.
Read more at GRESB.com.