Welput, managed by BentallGreenOak (BGO), proudly achieved a prestigious 5-star ranking in the 2024 Global Real Estate Sustainability Benchmark (GRESB), highlighting a further commitment to sustainability and high-quality, environmentally responsible properties.
London (November 13, 2024) – BGO’s central London office fund, Welput, announced that it has once again achieved outstanding results in the 2024 GRESB Real Estate Benchmarking Report for 2024, placing 1st in its Standing Investments Peer Group and 3rd in the Development Peer Group. For the Standing Peer Group, Welput scored 92/100, and in the Development Component scored 97/100, significantly outperforming the industry average and representing its best set of GRESB results to date. The 2024 GRESB Real Estate Benchmarking Report, published in October 2024, also awarded Welput five stars – the highest possible rating – for both Standing Investments and Development, setting new benchmarks for sustainability and performance.
GRESB assesses sustainability performance across real estate and infrastructure investors and developers, reviewing firms based on factors including energy efficiency, carbon emissions, and social impacts. Welput achieved impressive results across the board, particularly in management practices where the team consistently scored high across all aspects, including leadership, policies, stakeholder engagement, and data monitoring. The overall score positions the team as industry leaders, placing Welput 21% ahead of the average score of all global GRESB participants.
Merrik Baggallay, Managing Director at BGO, said, “Achieving five stars in both categories is a testament to the hard work and dedication of our team, who prioritise doing the right thing when it comes to sustainability. Welput’s 2024 results build on the strong ESG credentials demonstrated consistently since its initial GRESB submission in 2014. This score reaffirms a longstanding commitment to sustainability, community engagement, and robust governance as integral to our investment strategy.”
Welput’s portfolio includes its flagship project, 105 Victoria Street, set to become a landmark in sustainable office design when complete in 2026. Once completed, it will be the UK’s largest all-electric, net-zero operational building, focusing on sustainability at every stage. 105 Victoria Street was one of the first schemes to champion whole life-cycle carbon analysis as part of its planning submission, and it continues to track progress through each design phase through to completion. With a fully fossil fuel-free energy strategy and modular design for adaptability, the building is designed to achieve net-positive carbon operations within six years. Key features also include a high-performance façade optimised for energy efficiency and an urban farm on the 15th floor, encouraging community engagement and urban agriculture.
Learn more about BGO’s sustainable investing approach at www.bgo.com/esg
The GRESB B.V. (GRESB) Real Estate Assessment underpins the investor-driven global ESG benchmark and reporting framework for listed property companies, private property funds, developers, and investors that invest directly in real estate. GRESB created and tabulated the Funds score, which covers activities taking place during calendar years 2022 and 2023, and is typically released on or around October 1 after a submission is made to GRESB. A participation assessment fee is paid for such submission. BGO is a member of the GRESB Real Estate Assessment, and each strategy participates in a peer group based on the asset characteristics of the portfolios reported.
For more information, please visit www.gresb.com/nl-en/real-estate-assessment/
