By Dr Andy Sloan (pictured), Guernsey Finance – Guernsey has been identified as an ‘emerging global contender’ in green finance. In a climate currently led by the global commitments made at the United Nations COP 21 conference in 2015, Guernsey has identified green issues as a key strategic objective.
ESG & Responsible Investing
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).
Guernsey is set to launch what it says will be the world’s first regulated green investment fund product following the publication of a set of draft rules by the island’s financial services regulator, the Guernsey Financial Services Commission.
Having achieved a 15 per cent reduction in energy intensity since 2012/13 and a 20 per cent reduction in greenhouse gas (GHG) emissions over the same period, M&G Real Estate is aiming to reach a 25 per cent reduction in each by 2025.
Alternative assets specialist co-investment platform Astarte Capital Partners is to allocate a portion of its profits towards supporting the education of under-privileged young people.
Ivanhoé Cambridge and Natixis Assurances obtain Europe’s first green certification of a commercial real estate loan for DUO towers
Ivanhoé Cambridge and Natixis Assurances, partners in the DUO project, have obtained the “Climate Bond Certified” label awarded by Climate Bonds Initiative (CBI) for the EUR480 million credit that is financing development of the DUO towers in Paris.
Olivier Elamine (CEO of Alstria), Manfredi Catella (Founder & CEO of COIMA RES), Pere Viñolas Serra (CEO of Colonial), Méka Brunel (CEO of Gecina), Toby Courtauld (CEO of Great Portland Estates) and Bernd Stahli (CEO of NSI) have agreed to create a think tank that will group together the sustainability and innovation best practices and research of the six European REITs.
London-based impact investment firm Red Ribbon Asset Management has launched the Red Ribbon Private Equity Fund and the Red Ribbon Real Estate Fund.
International real estate investment manager, Savills Investment Management, has achieved GRESB (Global Real Estate Sustainability Benchmark) ‘Green Star’ status for one of its corporate pension funds.