Prologis Earns Top Rankings in Sustainability Benchmark
Results of this year’s prestigious Global Real Estate Sustainability Benchmark (GRESB) survey were announced last week, and Prologis earned a clean sweep of “Green Stars,” which are the highest level of achievement and recognize our outstanding performance in environmental stewardship, social responsibility and governance.
GRESB assessed 759 real estate companies and funds worldwide. Prologis participated in nine GRESB surveys, one each for: Prologis, Nippon Prologis REIT, four European funds and three North American funds. All nine earned Green Stars, up from seven last year.
In addition, Prologis earned four number one regional spots, as follows:
- Prologis European Properties Fund II (PEPF II) was named 2016’s Regional Sector Leader for industrial real estate in Europe
- Prologis was named Regional Sector Leader for industrial real estate in North America
- North American Industrial Fund (NAIF) was named Regional Sector Leader for industrial real estate in the United States
- Nippon Prologis REIT (NPR) achieved Regional Sector Leader status
Plus, NPR achieved 1st place in GRESB’s Global Industrial rankings, where Prologis and PEPF II achieved second and third place.
“The Sustainability team worked extremely hard in collaboration with many departments around the world to collect and submit the most accurate, transparent ESG information possible,” said Jeannie Renné-Malone, vice president, sustainability. “Earning this kind of recognition across multiple categories is a direct result of our colleagues’ hard work, and is a testament to our courage to lead the industry in sustainability.”
GRESB provides systematic assessment, objective scoring and peer benchmarking of real asset investments around the world. GRESB’s unique data on the environmental, social and governance (ESG) performance of property companies and fund managers allows investors to better manage ESG risks and enhance returns.
In addition to evaluating companies and funds, the 2016 GRESB report provides insights into the global real estate industry’s performance on energy, carbon emissions, water and waste. This year’s findings show that real estate companies and funds are improving across all aspects of ESG performance, including a 1.2 percent reduction in energy consumption, a 2 percent reduction in GHG emissions and a close to 1 percent reduction in water use.
“The 2016 GRESB data demonstrates that the global real estate sector is working to manage its carbon footprint, build resilience in the face of climate change and respond to more stringent environmental regulations,” said GRESB CEO Nils Kok. “In 2016, 90 percent of property companies and funds reporting to GRESB are integrating carbon management strategies into their investments. These actions have contributed to a 2 percent annual decrease in carbon emissions, the equivalent of taking 704,464 passenger cars off the road.”