Triovest is pleased to announce that it achieved a full five green stars in the 2017 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment. Five green stars is the highest rating that can be received in this annual assessment.
Triovest ranked 2nd out of 16 in the Global/Diversified – Office/Industrial | Non-Listed group and achieved a score of 83/100 versus a GRESB average of 63. Triovest’s 2017 score improved by more than 10% over 2016, and has increased by more than 22% since its inaugural 2015 response. Triovest also ranked 5th globally out of 338 participants with development projects.
In the voluntary Health & Well-Being module, Triovest scored 1st out of 7 Global/Diversified – Office/Industrial respondents, 2nd out of 57 in North America, and in the top 8% globally.
“Our mission is to create sustainable places that enhance communities and enrich relationships,” said Alan MacKenzie, President. “Pursuing global leadership in the annual GRESB Real Estate Assessment aligns with our purpose and we look forward to delivering even better results in 2018.”
GRESB is an industry-driven organization committed to assessing the environmental, social, and governance (ESG) performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is the international standard used by institutional investors, including many Triovest clients, to engage with their investments and improve the sustainability performance of real estate portfolios.
“We continue to accelerate sustainability performance because of our people, their enthusiasm, their creativity, and their focus on execution,” said Philippe Bernier, Senior Director, Sustainability & Innovation. “While we are pleased with our progress, we are committed to achieving global leadership. To do so, we will continue to improve our current business and work hard to create a future that delivers on our mission.”
A record 850 real estate companies and funds participated in the 2017 assessment, representing more than 77,000 assets across 62 countries, with a value of $3.7 trillion.