GPR launches ESG-focused regional index series based on GRESB data
Global Property Research (GPR), a specialised provider of benchmarking solutions covering the listed real estate sector, has launched three index series containing real estate companies with an overlay provided by the leading real asset ESG data provider GRESB.
The indexes are: the GPR Europe ESG+ Index; the GPR Europe ex-UK ESG+ Index; and the GPR Eurozone ESG+ Index.
Each index series consists of the 50 most liquid constituents in the relevant region. Index constituent weights are adjusted based on the individual company’s ESG performance as measured by GRESB with higher scoring companies receiving increased weights.
Jeroen Vreeker, Head of the GPR Index Team, says: “ESG is a concern that is increasingly implemented when providing benchmark solutions for listed real estate investments. GPR frequently develops ESG-focused versions of its existing indices. The ESG+ index series cover the majority of the market capitalisation of the relevant GPR General Quoted Index and remains highly diversified to countries and sectors but avoiding exposure to companies that are traded less frequently. The ESG+ index series is a valuable addition to GPR’s suite of tailor-made benchmarking solutions.”
“The launch of the ESG+ index series marks another milestone in GRESB’s quest to provide solutions to investor demand for standardised ESG products. Passive funds can invest in the indices, while active funds can demonstrate their value add by selecting stocks that outperform the particular index series,” says Sander Paul van Tongeren, co-founder and Managing Director at GRESB.