CBRE Global announces 'exceptional' GRESB results

CBRE Global Investors has another year of 'exceptional' results in the 2020 GRESB Real Estate Assessment, with three funds recognised as the global sector leaders in the industrial, retail and hotel categories. The results underscore the firm’s continued progress toward being a market leader in sustainability.

With robust sustainability initiatives in place, CBRE Global Investors’ GRESB assessment highlights include:

• Global Industrial Sector Leader for the European Industrial Fund

• Global Retail Private Sector Leader for the CBRE European Shopping Centre Fund II
• Global Hotel Development Sector Leader for CBRE UK Long Income Fund

• 22 individual “top three” ratings in the respective peer groups, including seven for Development

• 90 per cent score for all Resilience assessments and nearly 100 per cent score for the Management section for all submissions

• 13 funds awarded 5-star rating

• Four funds awarded 4-star rating

• 35 Green Stars awarded including nine Green Star development awards

As part of the firm’s commitment to being a market leader in sustainability, CBRE Global Investors submitted more portfolios than ever in this year’s GRESB assessment, nearly doubling the number of submissions from 2019. The 39 directly managed portfolios submitted globally represented:
• 22 commingled funds and 17 separate accounts and joint ventures
USD36.6 billion of AUM assessed for management, performance of standing assets and resilience

• Over USD10 billion of AUM assessed for development

“In a year of extreme challenges presented by the pandemic, I am very proud of our teams’ achievement in submitting a record number of portfolios. CBRE Global Investors’ strong ESG governance has been recognized by maximum scoring in the Management section,” says Sasha Njagulj, Head of ESG, CBRE Global Investors.
“Environmental, social and governance factors are fundamental to our business and to driving long-term outperformance,” says Chuck Leitner, CEO, CBRE Global Investors. “These results reinforce our commitment to the measurement of sustainable investment management practices in our business and in the industry.”