Canadian real estate investors have garnered global recognition for their commitment to sustainability, as reflected in the 2023 Global Real Estate Sustainability Benchmark (GRESB) Survey. The survey, which assesses the ESG performance of real estate assets and portfolios, acknowledged the significant strides made by eight Canadian entities.
Leading the charge globally in the Diversified – Office/Residential sector was CREIF, managed by KingSett Capital. Regionally, QuadReal Property Group and RBC Canadian Core Real Estate Fund were also distinguished for their contributions. RioCan Real Estate Investment Trust received accolades within the Retail sector, showcasing the breadth of Canadian leadership in sustainable real estate investment.
The GRESB Survey of 2023 saw participation from 1,820 entities, totaling $9.5 trillion in asset value across 74 countries. Despite the pandemic’s residual effects, the average GRESB score improved, signalling progress in sustainability targets, leadership, data monitoring, review, and materials. Notably, the Americas experienced a 30% increase in participation, although it scored the lowest regionally, indicating room for growth and underscoring the importance of Canadian leadership in this area.
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