Wed, 11/07/2018 - 11:11
Savills Investment Management (Savills IM) has underlined its continuing commitment to measuring and improving the environmental, social and governance (ESG) performance of its investment portfolios by becoming a member of the Global Real Estate Sustainability Benchmark (GRESB).
Savills IM has participated in the GRESB survey since 2012 and eight of its funds, covering 25 per cent of its global assets under management, are now measured against the organisation’s targets and key performance indicators.
Savills IM announced last year that it had achieved green star status for one of its corporate pension funds. The award is given exclusively to real estate management companies and funds that fully integrate ESG elements into their operations. These businesses must demonstrate their ability to measure, implement, manage and develop within very strict ESG frameworks.
Savills IM has also been a signatory of the United Nations Principles for Responsible Investment (UN PRI) since 2014. These six principles prioritise the inclusion of ESG issues in investment analysis and the decision-making process. They also encourage the incorporation of ESG elements into ownership policies and practices as well as appropriate disclosure on progress towards the effective implementation of these principles. Savills IM achieved ‘A grade’ status for its UN PRI annual transparency report last year. The industry sector average is ‘B’.
Lucy Winterburn, Savills Investment Management, says: “Investors increasingly demand that ESG principles are factored into their investment strategies. We share their policy and our new membership of GRESB demonstrates our commitment to fully integrating sustainable business practices within our organisation. This move also puts Savills IM at the forefront of the industry in terms of adopting a strict adherence to ESG guidelines.”
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