8 April 2014 — The Global Real Estate Sustainability Benchmark has begun its sustainability assessment of property companies and funds for 2014.
GRESB assesses the environmental, social and governance performance of real estate portfolios, with the objective of providing investors and managers with information to accurately monitor and manage sustainability performance.
In 2013, 550 property companies and funds, managing US$1.6 trillion, participated in the GRESB survey.
Since inception in 2009, GRESB says it has seen rapid improvement in the real estate sector’s reporting on ESG issues, with pressure from investors, regulators and building occupants meaning the real estate industry has begun to look more closely at sustainability issues.
Pension funds and their fiduciaries that use GRESB data were increasingly scrutinising the quality of sustainability disclosure, GRESB said.
For more information, to view the questions and topics covered by the benchmark, or to participate, visit the GRESB website.