09.07.15
GRESB, the global standard for portfolio-level sustainability assessment in the real estate sector, yesterday released its 2015 data and industry report. The data and report are based on an assessment of 707 property companies and private equity real estate funds, representing 61,000 assets and USD 2.3 trillion in asset value. The report provides new insights regarding the energy and sustainability performance of the global real estate industry, documenting a 3 percent reduction in greenhouse emissions in 2014, a 50 percent increase in on-site renewable energy generation, and a 19 percent improvement in overall ESG performance.
The global property industry is at the heart of critical global issues that include resource constraints, climate change, and urbanization. There is strong evidence that more sustainably designed and operated buildings can provide solutions to these challenging issues, while also creating value for real estate investors and shareholders.
The 2015 GRESB Report provides new data showing that the global real estate sector is increasingly integrating environmental, social and governance considerations into corporate policies and business strategy. Critically, the data also shows that policy and strategy are backed by actual implementation of energy and water efficiency programs, and demonstrable improvements in sustainability performance.
Report Highlights:
“The 2015 GRESB Report and data show that the global property industry is taking sustainability issues seriously, making them a core part of business strategies. In North America, this is reflected in portfolio-wide efforts to save energy, conserve water, and enhance resilience. The recent gains across the commercial real estate sector are impressive, yet in absolute terms, the sector’s environmental impact remains significant and more work remains to be done,” says Chris Pyke, COO of GRESB.
The global property industry is at the heart of critical global issues that include resource constraints, climate change, and urbanization. There is strong evidence that more sustainably designed and operated buildings can provide solutions to these challenging issues, while also creating value for real estate investors and shareholders.
The 2015 GRESB Report provides new data showing that the global real estate sector is increasingly integrating environmental, social and governance considerations into corporate policies and business strategy. Critically, the data also shows that policy and strategy are backed by actual implementation of energy and water efficiency programs, and demonstrable improvements in sustainability performance.
Report Highlights:
- More property companies and funds report on sustainability: 707 companies and funds, representing USD 2.3 trillion and 61,000 assets;
- Better environmental performance: on average, the sector achieved a 3.04 percent reduction in GHG emissions, 2.87 percent reduction in energy consumption, and a 1.65 percent reduction in water use;
- Growth in renewables: on-site renewable energy generation of 445GWh, an increase from 296GWh in 2014
“The 2015 GRESB Report and data show that the global property industry is taking sustainability issues seriously, making them a core part of business strategies. In North America, this is reflected in portfolio-wide efforts to save energy, conserve water, and enhance resilience. The recent gains across the commercial real estate sector are impressive, yet in absolute terms, the sector’s environmental impact remains significant and more work remains to be done,” says Chris Pyke, COO of GRESB.