Sonae Sierra, the international shopping center specialist, has been acknowledged by GRESB Global Real Estate Sustainability Benchmark as the company with the most sustainable property funds in Europe and the third most sustainable worldwide.
GRESB Foundation is an initiative launched by some of the biggest institutional investors worldwide, academic leaders and prominent members of the real estate sector. Every year GRESB establishes a ranking of the property funds and companies of the real estate sector that are most committed to the environment.
This year more than 340 property funds and companies, with real estate assets worth nearly US $1 trillion, have responded to a call for action by the GRESB Foundation to disclose information on environmental management and performance.
The ranking acknowledges Sonae Sierra's portfolio strategy in respect to sustainability, with a vision that encompasses environmental and social measures, as well as economic profitability.
With this objective, the company promotes initiatives geared at saving resources which in turn entail a reduction of costs for the company, such as electricity and water. Through this approach, Sonae Sierra seeks to encourage other organizations to adopt a stronger stand in favor of the environment. For this purpose it aims at obtaining tangible results that can be measured and used to demonstrate that managing environmental performance is a profitable activity for companies.
Source: Sonae Sierra
