Australia’s property industry tops the GRESB table

In 2018, for the eighth year running, the real estate sectors of Australia and New Zealand outperformed other regions in the GRESB table for ESG performance.

The Global Environmental, Social and Governance (ESG) Benchmark for Real Estate Assets (GRESB) is the world’s most trusted sustainability benchmark in property development.

GALLERY  

GRESB’s objective is to create a sustainable world – one where society can meet the needs of the present without compromising the ability of future generations to meet theirs. So how did we do?

The global average GRESB score is 68 and Australia and New Zealand greatly outperformed this with an average score of 76 (up from 73 in 2017).

Ken Morrison, the Property Council of Australia’s chief executive, stated that “at a time of political paralysis around energy policy, our industry is getting on with the job of delivering great results on ESG criteria. Australian sustainability know-how is world leading and creates value for investors, attracts tenants and lowers carbon emissions.”

Morrison added, “Australian companies continue to show leadership on energy efficiency, emissions reduction, inclusion and health and wellness –all increasingly critical ingredients in the global investment marketplace.” The aforementioned GRESB results showed that 60 per cent of Australian and New Zealand property companies promote tenant health and wellbeing via their buildings and services, which certainly is a positive trend.

For more information please visit GRESB

Images courtesy of the Property Council of Australia 

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