The first report on the environmental performance of the commercial real estate sector is published today by three large European institutional investors - APG, PGGM, and the Universities Superannuation Scheme, together with some of the major real estate industry bodies.
The research has resulted in a new environmental benchmark, the global 'Environmental Real Estate Index', which includes scores on environmental management practices and on the implementation of these practices.
By using information contained in the index, institutional investors can compare the environmental score of individual property investments with their environmental real estate targets. The intention is that this benchmarking will serve as a catalyst for environmental engagement in real estate investments.
Unibail-Rodamco aims to create value for its stakeholders and minimise its impact on the environment. The Group has a comprehensive framework of sustainability activities and objectives, and is particularly committed to reducing the carbon intensity of Unibail-Rodamco's managed assets by 25% between 2006 and 2016, achieving high environmental standards in new build and renovation projects, as evidenced by its participation in certification schemes such as BREEAM, as well as cooperating actively with stakeholders, particularly tenants and customers, to improve environmental, social and economic performance.
As a result of its dedication, Unibail-Rodamco was listed on the Dow Jones Sustainability World and FTSE4Good indexes in 2008.
The complete report "Environmental Performance: A Global Perspective on Commercial Real Estate" can be downloaded from www.corporate-engagement.com
Source: Unibail-Rodamco
