Savills IM has participated in the GRESB survey since 2012 and eight of its funds, covering 25% of its global assets under management, are now measured against the organisation’s targets and key performance indicators.
Savills IM announced last year that it had achieved green star status for one of its corporate pension funds. The award is given exclusively to real estate management companies and funds that fully integrate ESG elements into their operations. These businesses must demonstrate their ability to measure, implement, manage and develop within very strict ESG frameworks.
Savills IM has also been a signatory of the United Nations Principles for Responsible Investment (UN PRI) since 2014. These six principles prioritise the inclusion of ESG issues in investment analysis and the decision-making process. They also encourage the incorporation of ESG elements into ownership policies and practices as well as appropriate disclosure on progress towards the effective implementation of these principles. Savills IM achieved ‘A grade’ status for its UN PRI annual transparency report last year. The industry sector average is ‘B’.
Lucy Winterburn, Savills Investment Management, commented:
"Investors increasingly demand that ESG principles are factored into their investment strategies. We share their policy and our new membership of GRESB demonstrates our committment to fully integrating sustainable business practices within our organisation. This move also puts Savills IM at the forefront of the industry in terms of adopting a strict adherence to ESG guidelines"
GRESB is an industry-driven organization committed to assessing the sustainability performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is used by institutional investors to engage with their investments with the aim of improving the sustainability performance of their investment portfolios and the global property sector at large. By participating in GRESB’s annual assessment, companies and fund managers will be able to better manage their portfolios in the face of more volatile energy supply, stricter legislation to combat climate change, increased energy efficiency requirements and the changing preferences of corporate tenants.
For more information, visit the GRESB web site: www.gresb.com
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