NEWS

Real estate sustainability

The Global Real Estate Sustainability Benchmark (GRESB), which will launch its third annual sustainability survey today, has announced a partnership with the Global Reporting Initiative to enhance sustainability reporting.

The survey allows participating fund managers to benchmark their portfolio on environmental and social performance against their peers.

The GRESB Foundation is backed by 30 institutional investors with more than $1.7 trillion in combined capital and the survey acts as a tool for those investors to start a dialogue on social and environmental issues with their real estate managers.

Combined, they have an average stake of more than 4 per cent in each of the listed property companies that responded to the survey last year.

In 2011 the survey covered 340 real estate managers, 21,000 properties with a total value of $928 billion.

These properties emit about 34 million tonnes of carbon dioxide, demonstrating that institutional engagement with the property sector can have a substantial impact on the environment, according to the 2011 report.

Evidence of such an impact is that the 2011 combined emissions represent a 1.8-per-cent reduction from the previous year.

The survey, which was designed in 2009, captures more than 50 data points of environmental and social performance integrated into the business practices of each real-estate company or fund.

Last year listed-property funds’ average score was 41 out of 100.

Colonial First State Global Asset Management was the highest ranking manager.

 

To participate in the survey click here

© Copyright: Whole articles from this website and newsletter cannot be reproduced without permission from the editor. If you wish to publish introductions to any article please ensure that it links to original content site www.top1000funds.com.au, and that it shows clear attribution to Top1000funds.com, plus author name and date. Failure to abide by this request will be considered a breach of copyright and legal action will be taken.

 
  • Filter:
  • News

    Intelligence on up to the minute items from around the globe

  • Investor Profile

    Behind the scenes summary of large institutional investors’ investment strategy and future plans

  • In Conversation

    Candid conversation with the leading investment experts

  • Analysis

    An in-depth examination of the latest investment trends and ideas

  • Insider

    An editorial perspective on what affects the people and processes in this industry

  • Research

    Cutting edge academic and practitioner insight

Costs cast increasing doubt over hedge fund relevance

The inability to scale hedge fund exposures and risks, has led many large investors, like ... [more]

Is chasing lower taxes really a strategy for value creation?

  • by
  • September 12, 2014

Investors are just beginning to understand global tax issues and the risks associated with aggressive ... [more]

NEST’s defined contribution lessons

At the end of last year, 47 per cent of global pension assets were in ... [more]

Benchmarking infrastructure a step closer

The first valuation and risk measurement model created for unlisted infrastructure debt has been developed, ... [more]

Real estate sector continues to lead on sustainability: GRESB

This year’s Global Real Estate Sustainability Benchmark (GRESB) reveals that sustainability reporting has improved in ... [more]

UniSuper’s domestic equities bias

John Pearce recently notched up five years in the role of chief investment officer at ... [more]

The changing nature of fixed income

As the fixed income asset class undergoes rapid change and the opportunity set expands, unconstrained ... [more]

The investment model for asset owners: is there a best-practice version?

  • by
  • August 27, 2014

In the last of a series of articles exclusively for www.top1000funds.com, Roger Urwin, head of ... [more]

McKinsey’s tips on sustainability integration

More companies are recognising sustainability as a core business issue, but according to McKinsey and ... [more]