CBRE Global Investors Achieves Exceptional GRESB Results Including Recognition of Three Funds as Global Sector Leaders
03 Dec 2020
CBRE Global Investors today announced another year of exceptional results in the 2020 GRESB Real Estate Assessment, with three funds recognized as the global sector leaders in the industrial, retail and hotel categories. The results underscore the firm’s continued progress toward being a market leader in sustainability.
With robust sustainability initiatives in place, CBRE Global Investors’ GRESB assessment highlights include:
- Global Industrial Sector Leader for the European Industrial Fund
- Global Retail Private Sector Leader for the CBRE European Shopping Centre Fund II
- Global Hotel Development Sector Leader for CBRE UK Long Income Fund
- 22 individual “top three” ratings in the respective peer groups, including seven for Development.
- 90% score for all Resilience assessments and nearly 100% score for the Management section for all submissions
- 13 funds awarded 5-star rating
- Four funds awarded 4-star rating
- 35 Green Stars awarded including nine Green Star development awards
As part of the firm’s commitment to being a market leader in sustainability, CBRE Global Investors submitted more portfolios than ever in this year’s GRESB assessment, nearly doubling the number of submissions from 2019. The 39 directly managed portfolios submitted globally represented:
- 22 commingled funds and 17 separate accounts and joint ventures
- $36.6 billion of AUM assessed for management, performance of standing assets and resilience
- Over $10 billion of AUM assessed for development
“In a year of extreme challenges presented by the pandemic, I am very proud of our teams’ achievement in submitting a record number of portfolios. CBRE Global Investors’ strong ESG governance has been recognized by maximum scoring in the Management section,” said Sasha Njagulj, Head of ESG, CBRE Global Investors.
“Environmental, social and governance factors are fundamental to our business and to driving long-term outperformance,” said Chuck Leitner, CEO, CBRE Global Investors. “These results reinforce our commitment to the measurement of sustainable investment management practices in our business and in the industry.”
About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $114.5 billion in assets under management* as of September 30, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2019 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments as of Q4 2019 with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors' presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.
GRESB is a mission-driven and investor-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to the capital markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world. In 2020, more than 1,200 real estate portfolios reported to GRESB covering more than 96,000 assets. Our coverage for infrastructure includes more than 540 infrastructure portfolios and assets. Combined, the reported assets represent US $5.3 trillion AUM. The data is used by more than 100 institutional and financial investors to monitor investments across portfolios and navigate the strategic choices needed for the industry to transition to a more sustainable future. Learn more at GRESB.com.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.