GRESB is a globally recognized, industry-driven organization committed to assessing the Environment, Social and Governance (ESG) performance of real assets, including real estate portfolios and infrastructure assets. More than 200 global members and $7.6 trillion dollars worth of assets use the GRESB data in their investment management and engagement process, with a clear goal to optimize the risk/return profile of their investments. Each year since its inception, GRESB releases global and regional results ranking and highlighting real estate assets based on its ESG criteria.
On Wednesday 7 September, GRESB released its annual ranking for Australian and New Zealand regional report. The results were phenomenal for Investa Office Fund (ASX:IOF) and our flagship unlisted fund, Investa Commercial Property Fund (ICPF). In addition to being awarded the highest rating of 5/5 GRESB Green Stars in 2016 for both funds, Investa has also achieved:
IOF: The second highest rated Australian Listed Office Fund, ranked 13th globally with a score of 90/100.1
ICPF: The second highest rated Australian non-Listed Office Fund, ranked 19th globally with a score of 89/100.2
Overall, property companies and funds in Australia and New Zealand continue to lead the rest of its global peers with respect to ESG performance. The new 2016 GRESB data reflect the region’s leadership and commitment to sustainability and pervasive spirit of collaboration and knowledge sharing despite increasing competition from its own region and global peers. Investa is proud of our approach to sustainability and remain committed to delivering outperformace for our investors and our customers through expertise, innovation and teamwork. Follow our latest sustainability news here or download IOF/ICPF 2016 GRESB scorecards below.
1 Against a GRESB average of 60/100 and a peer average of 81/100. Global rankings are against 733 international submissions.
2 Against a GRESB average of 60/100 and a peer average of 78/100. Global rankings are against 733 international submissions