Aberdeen Standard Investments Receives Star-Studded GRESB Assessment
11 September 2017
Global asset manager, Aberdeen Standard Investments has achieved a combined total of 21 'Green Stars' in the 2017 GRESB Real Estate Assessment1 It's the highest number of stars awarded to any participant in this year's assessment.
The GRESB Real Estate Assessment, which has become the de facto measure of a fund's green performance, covers $3.7 trillion of assets globally and scores its sustainability performance in terms of environmental stewardship, social responsibility and governance (ESG).
The global investment manager delivered a 7% overall green performance improvement compared with 2016 and four of its funds achieved GRESB's 5 Star ranking, placing them in the top quintile of their peers.
Aberdeen Asset Management and Standard Life Investments submitted a total of 26 direct real estate funds (before the merger of Aberdeen Asset Management and Standard Life), accounting for just over 3% of the total GRESB Universe of 823 participants, globally. In addition, 20 of the Standard Life Investments funds were assessed against GRESB's voluntary Health & Wellbeing Module, with improvements across the board on last year's scores.
Commenting on the assessment, David Paine, Global Co-Head of Real Estate, Aberdeen Standard Investments said:
"We take nothing for granted, but this year's GRESB performance suggests that our efforts are paying dividends. These results will only help us redouble our commitment to ensuring that sustainability and health and wellbeing remain front and centre of our real estate investment process.
"Real estate accounts for around 40% of energy use globally, so how we manage buildings has an important role to play in cutting greenhouse emissions. Increasingly, real estate investors are seeking clear and detailed sustainability strategies."
1 A combination of Aberdeen Asset Management and Standard Life Investments real estate funds.