8 years at the top of GRESB’s table. The Australian and New Zealand real estate market was, once again, named the world’s greenest, after GRESB assessed 79,000 assets worth $4.9 trillion in 64 countries.
GRESB assesses the sustainability performance of real estate and infrastructure portfolios and assets worldwide. We offer ESG data, Scorecards, Benchmark Reports and portfolio analysis tools.
The Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks such as GRI and PRI.
This year the Australia/New Zealand region recorded its highest score of 76, compared with 73 in 2017. The global average was 68, increasing from 65 in 2017, indicative of our continued world leadership, but also the increasing recognition internationally of the importance of sustainability reporting.
A record 73 Australian and New Zealand companies reported to GRESB this year, representing a property portfolio worth more than AUD $447 billion.
GRESB results also showed 60% of the region’s property companies and funds promote tenant health and wellbeing via their buildings and services, compared to just 24% globally.
“GRESB is vital in driving the move towards a more sustainable built environment, allowing companies to understand where they stand regionally and globally, setting benchmarks for them to aspire to.
For the fourth time, Lendlease’s Australian Prime Property Fund Commercial was ranked number one of the 903 companies and funds globally.
In addition, Lendlease One International Towers Sydney Trust was named the most sustainable global development fund and its Australian Prime Property Fund Retail the world’s most sustainable retail development fund.
Josh McHutchison, Managing Director of Lendlease Investment Management Australia, said the company put sustainability at the centre of our approach to business.