Real estate firms improve sustainability
Real estate companies are improving the sustainability of their assets across all aspects of environmental, social and governance performance, according to GRESB. The results of the 2016 GRESB real estate, developer and debt assessments show that, compared to last year’s findings, real estate companies and funds were able to achieve an overall 1.2 percent reduction in energy consumption, a 2.0 percent reduction in greenhouse gas emissions and a 1.9 percent reduction in water use. Some regions did less well than others, indicating perhaps that most of the gains there were made earlier — Europe, for example, saw lesser reductions across the three categories of 0.96 percent, 0.60 percent and 0.69 percent, respectively, but remains ahead of the global average, just.
A record 759 real estate companies and funds participated in the survey, representing more than 66,000 property assets across 63 countries, with an aggregate value of $2.8 trillion (€2.5 trillion). The best-perf