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GRESB 2018: The Results
At EVORA, we support a broad range of clients to complete GRESB submissions – from new starters and organisations just starting out on development of their ESG strategies through to industry leaders.
This year, we assisted around 70 submissions. It has been (and continues to be) challenging work. However, we are delighted with the results. We are in the process of completing a detained analysis for all participants we supported, however, below, we set out some exciting highlights.
GRESB 2018 Results for some of our clients
FORE Partnership, a purpose-driven, direct co-investing platform for UK and European real estate achieved five green stars (out of five) and came third in its peer group. This was particularly pleasing as FORE has rapidly progressed to five green stars through a deep-rooted commitment to incorporate sustainability into everything it does.
SPF Joint Venture, an investment in German out of town retail parks and managed by PATRIZIA achieved five green stars and came third overall in Germany. This GRESB result recognises two years of work to establish best practice ESG programmes.
The Hines Pan-European Core Fund(HECF), an open-ended non-listed pan-European diversified core fund, also achieved five green stars. This time, for the second year in a row. HECF also retained its GRESB Global Sector Leader status and ranked first among European diversified office/retail portfolios. This year, HECF also achieved first place among the 367 European non-listed vehicles and seventh globally among the 874 vehicles that participated in the survey. Notably, the HECF also ranked first globally in the optional ‘Health & Well-Being’ and ‘Resilience’ modules. Read more here.
Europa Capital submitted five funds to GRESB. EVORA has supported Europa to develop and operate an ESG strategy over the last two years and has assisted with responding to GRESB for longer. The ongoing work is paying off. This is reflected by improved ratings for all funds and an average 15% score increase.
For more information on GRESB, and on Health, Wellbeing and Resilience in particular, why not request to attend our upcoming event.
We are perfectly positioned to provide GRESB support. View our official Premier Partner profile.
We can work with you to complete the submission and understand your scoring, as well as develop a sustainability plan that will improve your future GRESB performance and align with your organisation’s key environmental objectives.