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EPRA/Jones Lang LaSalle survey uncovers leading sustainability reporters

Seven companies win “Gold” in inaugural EPRA Sustainability Awards


Seven European listed property firms received the highest Gold position in the first EPRA Sustainability BPR Awards, announced at the industry body’s annual conference in Berlin on Thursday 6th September.

EPRA’s Sustainability BPR (sBPR) are a set of recommendations to help property companies produce comparable and best-in-class annual sustainability reports, by providing a consistent way of measuring sustainability performance. These Awards were launched this year to raise awareness of the recommendations released in 2011 and to give recognition to companies who have started to adopt them.

Philip Charls, Chief Executive of EPRA said: “Congratulations to all the award winners. We hope their example will inspire many others to review their sustainability reporting for compliance with EPRA's guidelines. With 66% of the Index by market capitalisation already adopting these guidelines, it is clear that the listed property sector is leading a step-change in the quality of sustainability reporting.”
 

Eighty four companies were reviewed by Jones Lang LaSalle to check compliance with the EPRA Sustainability BPR. Those companies judged to have the best compliance with this standard have been given gold, silver and bronze awards. Fifteen awards were made in total, including seven gold awards to British Land, Citycon, Cofinimmo, Hammerson, Klépierre, Unibail-Rodamco and Shaftesbury. A further four companies received silver and four bronze awards.

Gareth Lewis, EPRA’s Director of Finance said: “Our thanks to APG for sponsoring these awards, which are key to raising awareness of these important guidelines. We anticipate that over a short period of time, the EPRA Sustainability BPR will become the established reporting standard for property firms and investors, in the same way that EPRA’s financial reporting BPRs are used today.”

 
The review was performed by sustainability reporting specialists within Jones Lang LaSalle’s Sustainability team between June and August 2012. This team have unrivalled knowledge of the EPRA sBPR and were instrumental in helping EPRA develop the guidelines in consultation with its members in 2010/2011 and ensuring consistency with other initiatives such as GRI[1] CRESS and GRESB[2].

 

Matthew Tippett, Director of Jones Lang LaSalle’s Sustainability Services said  “I would like to congratulate the award winners as well as the large number of companies that have shown some level of adoption of the sBPR. Indeed whilst congratulations are due for the efforts and significant progress made, there is still room for further improvement and uptake of the sBPR going forward. We look forward to discussing these findings with individual companies and identifying ways to help them to improve their sustainability reporting in the future.”
 
A copy of the full report is available to download at: www.joneslanglasalle.co.uk/sustainability
 
[1] Global Reporting Initiative’s Construction and Real Estate Sector Supplement (GRI CRESS)
[2] Global Real Estate Sustainability Benchmark

Notes to Editors
About the Awards
In its first year, the purpose of the EPRA Annual Sustainability Survey is to promote awareness of the EPRA Sustainability Best Practices Recommendations (sBPR) and to encourage and reward compliance with the sBPR. The sBPR aim to raise the standard of sustainability reporting through improving clarity, transparency and consistency in sustainability reporting. Eighty-four companies from a total of 13 countries across Europe were represented in the Survey.
 
EPRA Sustainability Awards Results
Gold Awards
British Land Co
Citycon
Cofinimmo
Hammerson
Klépierre
Shaftesbury
Unibail-Rodamco
Silver Awards
Befimmo
Derwent London
Great Portland Estates
Land Securities Group
Bronze Awards
Alstria Office REIT
Foncière des Régions
IVG Immobilien
SEGRO 
 
About EPRA
EPRA is the voice of the European publicly traded real estate sector and  represents publicly listed property companies, (including REITs), the investment institutions who invest in the sector and the firms and individuals who advise and service those businesses.  Between them our 200 members represent over €250bn of real estate investments.
EPRA encourages discussion of issues impacting the industry both within the membership and with appropriate Governmental and regulatory bodies.  EPRA endeavours to develop policies concerning standards of reporting disclosure, ethics and industry practices. Although not a disciplinary body, EPRA will actively encourage adherence to these policies.  EPRA also sponsors and publishes research, analysis for the benefit of members.
Founded in 1999, EPRA is a not-for-profit association registered in Belgium. The association is governed by a Management Board, which delegates some of its functions to an Executive Board.