The Global Real Estate Sustainability Benchmark (GRESB) has awarded Beacon Capital Partners an Overall Regional Sector Leader award for its environmental, social, governance, and resilience leadership efforts on behalf of Fund 7.
“GRESB Sector Leaders are the organisations that are setting the pace and driving progress toward a net zero future. We are proud to recognise your determination, achievement, and leadership in creating a more sustainable world,” says Sebastien Roussotte, CEO of GRESB.
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. GRESB data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future. The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than USD6.4 trillion of assets under management, up from USD5.3 trillion the year before.
Beacon ranked first out of 11 of peers in the United States of America/Offices: Corporate/Value-added category, receiving an overall score of 96 out of 100 points and earning five stars, the highest designation in the annual benchmark. Beacon also ranked 1st out of the 72 participants in the overall Americas office sector, including all Fund strategies (core, value-add, and opportunistic). This recognition continues Beacon’s record of receiving the Green Star, its fourth consecutive Green Star designation since initial participation in the annual assessment. Other notable scores in this year’s assessment include 30 out of 30 points for management, outperforming the benchmark by five points, and a performance score of 66 out of 70, surpassing the benchmark average by 13 points.
“Our responsibilities as a real estate investor, asset manager, and employer include the improvement of our environment and communities, and our ESG initiatives are fundamental to our business strategy,” says Fred Seigel, President and Chief Operating Officer of Beacon Capital Partners. “We are proud to be recognised for our leadership and best practices. It is inspiring to see our industry aligning to drive the sustainability performance of real estate assets.”
