QuadReal attains top rankings in the 2020 GRESB real estate assessment
Company’s diversified portfolio ranks 1st in Canada, 1st in North America and 2nd globally
The leading global sustainability benchmarking organization, GRESB, has released the results of its annual real estate assessment. QuadReal’s diversified portfolio of office, industrial, retail and residential assets garnered the top spots in both Canada and North America as well as 2nd globally. GRESB’s ESG data and benchmarks cover more than USD 4.8 trillion in real estate value and are used by more than 100 institutional investors to make decisions that are leading to a more sustainable real estate industry.
Each year GRESB assesses and benchmarks the ESG performance of real assets worldwide. The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks, goals and emerging regulations.
“Being a Responsible Company means that QuadReal is committed to having a positive impact on the people and communities we serve as well as on the environment,” said Remco Daal, President, Canadian Real Estate. “The fact that our diversified portfolio was ranked 1st in Canada and 1st in North America according to this year’s GRESB Assessment is a testament to that focus and to our support from BCI and RBC Canadian Core Real Estate Fund managed by RBC GAM.”
GRESB measures environment, social and governance categories, and within the social category, health and wellness is taking on an increasingly significant role. QuadReal established a partnership with The Center for Active Design and Fitwel in 2018 in order to measure success in this area. Fitwel is the leading international building certification and benchmarking system to support the health of building occupants. Currently, QuadReal has the highest number of properties and square footage certified by Fitwel in Canada. The company was also the first to certify its portfolio-wide policies and practices through Fitwel’s recently released Viral Response module.
“I’m proud that our company and the property teams that work tirelessly to meet our targets secured QuadReal’s recognition this year as a global sector leader in the diversified category in our second year of results,” said Jamie Gray-Donald, SVP of Sustainability at QuadReal. “I would like to recognize the people at our offices and properties—from local to global—who have taken up the challenge to deliver excellence in ESG.”
Headquartered in Vancouver, Canada, QuadReal Property Group is a global real estate investment, operating and development company. QuadReal manages the real estate and mortgage programs of British Columbia Investment Management Corporation (BCI), one of Canada’s largest asset managers with a $171.3 billion portfolio.
QuadReal manages a $44.2 billion portfolio spanning 23 Global Cities across 17 countries. The company seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
For more information:
ESG at QuadReal fact sheet (PDF)