Genesta’s GNRE Fund II awarded GRESB 5-star rating
We are pleased to announce that GNRE Fund II achieved the highest possible rating of 5 Stars, from the Global Real Estate Sustainability Benchmark (GRESB) in the 2020 GRESB Real Estate Assessment.
We are very happy to be awarded 5 stars from GRESB. 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. We now look forward to further improving.
- David 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 out of seven in its predominant peer group. This year was the 5th year in a row for 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
Established in 2009, GRESB is the leading Environmental, Social and Governance (ESG) benchmark for real estate and infrastructure investments across the world.
More about GRESB
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
