BentallGreenOak’s (BGO) West End of London Property Unit Trust (Welput) has again achieved a 5-star ranking, the highest possible distinction, in the 2022 Global Real Estate Sustainability Benchmark (GRESB).
BentallGreenOak’s (BGO) West End of London Property Unit Trust (Welput) has again achieved a 5-star ranking, the highest possible distinction, in the 2022 Global Real Estate Sustainability Benchmark (GRESB). GRESB is the leading ESG benchmark for real estate and infrastructure investments across the world, used by 140 institutional and financial investors to inform decision-making and providing standardised ESG data to financial markets.
Welput has been recognised as an industry leader, achieving performance in the top 20% of global GRESB participants, closing out a year of world-leading ESG achievements in real estate development. Specifically, Welput placed 2nd within the Europe/non-listed/value add funds out of 78 of its peers in the industry. In the Management Component of the 2022 GRESB assessment, the firm achieved a 100% grade. Welput’s 2022 results are the latest highpoint in the strategy’s strong leadership on ESG since its first GRESB submission in 2014, affirming a history of prioritising sustainability, community engagement and strong governance as a core part of the strategy’s investment thesis.
“Excellence in ESG performance has been a distinguishing hallmark of Welput. Our teams, who are driving this excellence, are continuously pushing new boundaries that reveal exciting opportunities to further reduce our carbon and environmental footprint. These efforts are resulting in social outcomes that are strengthening our connection to community and creating the most dynamic and desirable destinations in London for businesses and people to thrive,” said Ker Gilchrist, Managing Partner, BentallGreenOak, with responsibility for leading Welput. “The real challenge for us is to create a greater link between an improved environmental impact and a societal change on the doorsteps of where we physically invest. This will be a huge element of our ambition for 2023 and beyond.”
The 2022 real estate benchmark saw the largest ever growth in total numbers, with 1,820 property companies, real estate investment trusts, funds, and developers now participating worldwide, covering USD 6.9 trillion of GAV across 74 countries. GRESB data is used by 170 institutional and financial investors with more than USD 51 trillion in AUM.
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 140 institutional and financial investors to inform decision-making.
For more information, visit GRESB.com.