21 September, 2017 | IPUT plc, the largest unlisted property vehicle in Ireland, announces its 2017 sustainability performance results as assessed by The Global Real Estate Sustainability Benchmark (GRESB). IPUT has achieved a significant year-on-year improvement in its sustainability performance following the issue of its 2016
Sustainability Report and which ranks IPUT amongst the premier global real estate funds. IPUT’s 2016 Sustainability Report is available here.
In its second year of participation in the GRESB global survey, IPUT achieved a score of 56 a significant improvement on our 2016 result. The 2017 outcome results in a 2-star GRESB rating, a one-star improvement on 2016.
GRESB assesses the sustainability performance of real-estate portfolios worldwide. The 2017 GRESB survey covers over 850 property companies and funds representing over US$3.7 trillion of real estate assets. GRESB data is used by institutional investors representing over US$17 trillion of institutional capital.
IPUT Chief Executive, Niall Gaffney, commented; “The 2017 GRESB result represents a significant improvement in our second year of participating in what is the global standard for real-estate sustainability rankings. There is momentum in our sustainability activities and our objective is to continue to drive improvement and become a global leader in the GRESB survey. We will carefully analyse our 2017 results to help identify key areas of focus in our programme, and build towards our objective of being the first Irish fund to achieve a 3-star Green Star Rating by 2018”.