A global ranking says the New Zealand and Australian real estate sectors are leading the world in sustainability performance
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The New Zealand and Australia real estate sectors are leading the world in sustainability performance, according to the latest Global Real Estate Sustainability Benchmark.
The global ranking showed real estate companies and funds from New Zealand and Australia outperformed all other regions for seven years in a row.
In 2017, the region achieved an average GRESB score of 73, compare to the global average of 63.
According to GRESB, 66 companies and funds in New Zealand and Australia reported on their environmental, social and governance (ESG) performance. This is a 27% increase in participant numbers, making New Zealand/Australia the fastest growing region for GRESB participation.
“Looking at the results, the region is already performing at a high standard. We see that 94% of regional companies and funds that reported to GRESB are already disclosing their sustainability performance to stakeholders,” GRESB head of Asia Pacific Ruben Langbroek said.
However, Langbroek said, the New Zealand/Australia score is stabilizing and the gap between the regions is narrowing,
GRESB is an industry-driven organization assessing the ESG performance of real asset investments.
The global ranking showed real estate companies and funds from New Zealand and Australia outperformed all other regions for seven years in a row.
In 2017, the region achieved an average GRESB score of 73, compare to the global average of 63.
According to GRESB, 66 companies and funds in New Zealand and Australia reported on their environmental, social and governance (ESG) performance. This is a 27% increase in participant numbers, making New Zealand/Australia the fastest growing region for GRESB participation.
“Looking at the results, the region is already performing at a high standard. We see that 94% of regional companies and funds that reported to GRESB are already disclosing their sustainability performance to stakeholders,” GRESB head of Asia Pacific Ruben Langbroek said.
However, Langbroek said, the New Zealand/Australia score is stabilizing and the gap between the regions is narrowing,
GRESB is an industry-driven organization assessing the ESG performance of real asset investments.
