IPUT’s performance in the 2018 GRESB Real Estate Assessment underlines our continuing leadership in Sustainability and responsible Property Management in Ireland.
IPUT has realised its ambition of attaining a 3-star Green Star rating in the 2018 GRESB Real Estate Assessment, in only our 3rd year of participation. Our 2018 score of 67 is a marked improvement on 2017 and was one of the key objectives stated in our 2017 Sustainability Report which is available here.
GRESB (Global Real Estate Sustainability Benchmark) is the global standard for ESG benchmarking and reporting for the real estate sector, which this year included a record 903 property companies, REITs, funds, and developers, jointly representing more than $3.6 trillion in assets under management.
The GRESB assessment evaluates a fund’s performance against seven sustainability factors including the measuring and disclosure of information on performance indicators (such as energy, GHG emissions, water and waste) at an asset level, management policies and practices at a corporate level together with occupier, supplier and investor
IPUT Chief Executive, Niall Gaffney, commented; “We were the first Irish real estate fund to participate in GRESB and the achievement of a 3-star Green Star Rating was a stated target for 2018. IPUT is leading the way in sustainable real estate investing in Ireland and our 2018 GRESB score of 67 positions us alongside our peer group at a global
level in terms of ESG performance.”