This marks the eighth year that
GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. The objective standards enable companies to measure their ESG journey and accomplishments against their peers. This pool continued to grow in 2022, raising the bar for outstanding performance in addressing environmental and sustainability issues.
"As the pool grows and GRESB requirements become more stringent, setting the bar for sustainability in our industry for eight years is an achievement that comes from the tireless work of our sustainability and property teams across our portfolio," said Olivia Bartel Leigh, Executive Vice President, Portfolio Operations and People,
In addition to its #1 ranking in the
The GRESB Real Estate Assessment is 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. The Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments. The methodology is consistent across different regions, investment vehicles and property types and aligns with international reporting frameworks. The GRESB ESG Benchmark grew this year to cover more than
The data is self-reported by Assessment participants and subjected to a multi-layer validation process, after which it is scored and benchmarked. The result is high-quality data that investors and participants can use in their investment, engagement and decision-making processes.
For real estate participants, the 2022 benchmark report includes a new portfolio decarbonization section, which presents the portfolio's alignment with pathways developed by CRREM. This analysis is based on the most current CRREM pathways (
"With more fund managers and asset owners reporting to GRESB than ever before, we are proud to see the global real assets industry deepen its commitment to ESG transparency and pave the way for a more sustainable future," said Sebastien Roussotte, CEO of GRESB.
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 more than 170 institutional and financial investors to inform decision-making. For more information, visit GRESB.com.
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Karen Maurer, Macerich, 602-708-6311, Website: http://www.macerich.com