To be successful, a comprehensive approach to sustainability is needed. What is Global Real Estate doing in concrete terms?
Our aim is to offer investors access to innovative real estate investments that are stable in value and use resources responsibly. We therefore look at sustainability across the entire value chain: from planning and development of construction projects through to operational management and renovations or demolitions. As well as rigorously adapting and optimizing the sustainability of properties, this is about creating transparency for investors. They want to be able to measure and compare how sustainable an investment is.
How do you propose to achieve this goal?
We use various internationally recognized building labels, have launched an extensive building optimization program in our properties, and take part in the annual ESG benchmarking exercise conducted by GRESB2. This gives investors a detailed insight into the sustainability performance of the properties and allows them to make comparisons. The Global Real Estate investment vehicles boast a highly transparent ESG performance. Our strategy also includes clear product positioning of three ESG real estate funds, which have a specific sustainability approach in their investment strategy and have adopted the principles of the SDGs and PRI.
What is distinctive about these three ESG real estate funds?
All three funds invest in energy-efficient, resource-efficient, and low-emission properties and reduce their CO2 emissions. In terms of governance criteria, the three ESG real estate funds focus on working conditions and ethical standards, health and security, and the exclusion of tenants from unethical sectors.