BlackRock Real Assets 2018 GRESB results confirm commitment to sustainable investing
BlackRock Real Assets has been recognised as a leader in sustainable investing by GRESB – the largest global sustainability benchmark for real estate and infrastructure investments covering over USD3.6 trillion of assets worldwide.
GRESB is an investor driven organisation that assesses the sustainability performance of real asset sector portfolios and assets.
BlackRock submitted a total of 16 Real Assets entities into the 2018 Benchmark, compared to 12 in 2017, which demonstrates the firm’s commitment to continual improvement and transparency on sustainable investing and ESG integration. Overall, the performance of all the entities submitted by the global investment manager improved by 10 per cent relative to 2017.
Notable achievements include outperforming the GRESB average, with several entities achieving a 1st or 2nd place ranking within their respective Peer Benchmarks. All real estate submissions were awarded Green Stars, with several entities also achieving a GRESB 5-star ranking, one of the highest accolades within the Benchmark.
BlackRock also saw significant improvements in its Renewable Power platform’s sustainability performance relative to 2017, whilst 2018 was the first year BlackRock submitted project level infrastructure investments and is honoured by the 1st place Peer Group rankings achieved by both Michoácan Toll Road and Zumpango Hospital in Mexico.
BlackRock’s clients are increasingly focused on sustainability performance. In BlackRock’s 2018 Global Insurance Survey, which represents global insurers with AUM of USD7.8 trillion, 83 per cent indicated that an ESG investment policy is important to their firm. Insurer concern for environmental risk is also on the rise, increasing to 22 per cent from just 6 per cent in 2017.
Teresa O’Flynn, Global Head of BlackRock Real Assets Sustainable Investing Real Assets, says: “We are proud of our 2018 GRESB Results. They provide an independent validation of our industry leading ESG policies, practices and performance and confirm our commitment to sustainability. This is particularly important given our client’s increasing focus on this area.”e