Genesta’s GNRE Fund II awarded with 4 stars and Green Star designation in GRESB
We are very happy to be awarded 4 stars and Green Star designation from GRESB. It is an excellent result and a great acknowledgement. We have continued to attach ESG across all our project and properties. The result is a remarkable team effort at Genesta. We look forward to further improving.
- David C. Neil, Genesta CEO
We are pleased to announce that Genesta’s GNRE Fund II achieved 4 Stars and Green Star designation from the Global Real Estate Sustainability Benchmark (GRESB) in the GRESB Real Estate Assessment.
- We are very happy to be awarded 4 stars and Green Star designation from GRESB. It is an excellent result and a great acknowledgement. We have continued to attach ESG across all our project and properties. The result is a remarkable team effort at Genesta. We look forward to further improving, says David Neil, Genesta CEO.
Genesta’s GNRE Fund II participated in the GRESB for the sixth time. The fund reached 82 points (out of 100) and four stars. GRESB average score was 73 points, and peer group’s average was 67 points. The fund achieved third place out of fifteen in its predominant peer group. The strengths of Genesta’s GNRE Fund II in the GRESB Assessment were sustainability management and reporting, risk management and stakeholder management.
- 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, says David 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.
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 Neil, Genesta CEO.
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