Leadership in sustainable real estate
For its suite of sustainable real estate products, Credit Suisse Asset Management has defined sector-specific sustainability criteria. The Global Real Estate Sustainability Benchmark (GRESB), which analyzes and assesses ESG performance in annual evaluations, serves as the ESG benchmark for direct and indirect real estate investments. For Credit Suisse Asset Management, 14 products from the Core/ Core Plus Segment are part of and rated by GRESB.
Credit Suisse Asset Management’s real estate unit can already look back on many years’ experience implementing ESG criteria, with building certifications, energetic building optimization and ESG performance measurement using GRESB among the core initiatives of the sustainability strategy.
In addition to market-standard sustainability labels for real estate such as LEED, BREEAM, DGNB, Minergie, etc., Global Real Estate has developed greenproperty, its own holistic ESG standard that has already been applied for over ten years. In the field of building optimization, Credit Suisse is committed to a long-term partnership with Siemens, which is put to use for short- and long-term operational optimization, as well as for long-term and capital-intensive renovations. This has made it possible to significantly increase energy efficiency and reduce harmful CO2 emissions by more than 10%. Every year, the GRESB results demonstrate how successful the individual sustainability measures are relative to the real estate market and specific peer groups. The higher the GRESB score (out of a possible 100 points) or the more GRESB stars (max. 5 stars) received, the better the ESG or sustainability performance, in addition to conventional economic performance data.