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London, 18th September 2012 – Jones Lang LaSalle hosted the 2012 Global Real Estate Sustainability Benchmark (GRESB) results launch on Monday 17th September at its Warwick Street offices in London.
Two years after the survey was first founded, it was encouraging to see over 100 influential individuals from the listed and private sector, gathering to discuss how the real estate industry can reduce its significant impacts on the environment.
Over 250 European property companies and funds participated in this year’s GRESB, representing 65% of the European market by value. However, 40 percent of participants are still considered “Green Starters,” disclosing limited sustainability information to the investment community – suggesting that there is still significant room for improvement across the industry.
In addition to announcing the GRESB results, the event included keynote presentations from Jones Lang LaSalle Sustainability Director, Matthew Tippett and Sander Paul Van Tongeren of APG Asset Management, followed by guest speakers and a panel discussion moderated by Liz Peace from the British Property Federation (BPF).
Andrew Gould, Jones Lang LaSalle UK Chief Executive, said: “Protecting the environment and contributing to society are key priorities at Jones Lang LaSalle. We share GRESB’s aims and welcome its efforts to assess the environmental and social performance of the industry. We also help many companies respond to the survey and therefore, have a shared interest in improving its relevance. For these reasons this event is very important to us.”The event concluded with a lively and engaging debate, with attendees openly sharing their thoughts, ideas and experiences of GRESB and how it can be further improved.
Matthew Tippett, Sustainability Director at Jones Lang LaSalle sits on the GRESB Advisory Board and said “ As a member of this consortium, and as the technical advisor to the GRESB Foundation, Jones Lang LaSalle assists organisations in responding effectively to the survey and in developing strategies to improve their score in future years.”
Sander Paul Van Tongeren, Senior Sustainability Specialist at APG Asset Management said “GRESB is now an integral part of APG’s and 35 other investor’s investment process. The GRESB results assist us in the due diligence process of new real estate investments and in engaging with our existing property investments. Ultimately, this should reduce the environmental impact of real estate investments and improve the financial risk-return profile of our investments.”
“The fact that so many organisations are participating in GRESB, is a significant achievement for the sector. It was my privilege to play a role in such a lively and thoughtful debate between so many influential and interested parties. It is clear that collectively we have the skills and opportunity to transform the industry. My congratulations go to Jones Lang LaSalle and GRESB for organising such an engaging event and to the panellists for sharing their experiences and ideas,” Liz Peace, Chief Executive at The British Property Federation.
The 2012 GRESB Survey results indicate that despite the recession, sustainability continues to move up the agenda with the number of Green Stars increasing from 65 in 2011 to 82 in 2012. Indeed over 80 percent of respondents now have a sustainability strategy and dedicated resources to implement this. Despite this momentum, it is clear that energy consumption is still the main policy focus for most participants and progress beyond energy efficiency is limited. According to The GRESB Foundation there are several areas where property companies and funds can make substantial improvements. For more information see the full report at www. gresb.com
To see a copy of the 2012 Global Real Estate (GRESB) Report results go to www. gresb.com
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