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 global real estate companies and funds had a 1.2 percent reduction in energy consumption, 2.0 percent reduction in greenhouse gas emissions and a nearly 1.0 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 Nils Kok, CEO of GRESB, in a statement. “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.”