It’s now widely recognised that sustainability can have a material impact on business and asset performance and value.
According to a recent quote, the Institutional Investors Group on Climate Change clearly sees sustainability as a fiduciary responsibility:
“In order to protect the long-term value of their real estate investments, it is part of institutional investors and their investment managers’ fiduciary duty to understand and address these changes and new risks and to take advantage of new market opportunities.”
Many external sustainability reports and benchmarks have been developed to help understand and identify how well these risks and opportunities are being addressed. These include the Global Reporting Initiative (GRI), INREV Sustainability and the Global Real Estate Sustainability Benchmark (GRESB).
EVORA can highlight the relevance and benefits of participating in these different benchmarks and surveys, as well as helping you complete them.
GRESB is fast becoming the sustainability survey of choice for the real estate sector to benchmark portfolio performance. The survey is comprehensive and this year the questions posed new challenges for respondents.
EVORA has helped a large number of funds complete the survey, including Schroders, AEW and Moorfield. Our experience and relationship with the GRESB team has enabled us to provide comprehensive client support – and in all cases improved results.
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.
EVORA have the unique ability to simplify the many complexities of sustainability into a practical and meaningful approach. Their advice and support has enabled us to take a proactive stance to sustainability, which will help ensure the resilience and future performance of our managed assets.
EVORA initially collated all waste data to identify current performance and approach to recycling. We discussed our findings with the occupiers and the waste contractor and proposed revised approaches to how waste was being managed.Read case study