GRESB Awards QuadReal with Top ESG Ranking in 2022 Real Estate Assessment

GRESB Awards QuadReal with Top ESG Ranking in 2022 Real Estate Assessment

Company’s diversified Canadian portfolio ranks 1st in the Americas and 4th globally

QuadReal Property Group (“QuadReal”) has been recognized for its continued commitment to environment, social and governance (ESG) transparency by GRESB, the leading global sustainability benchmarking organization. QuadReal’s diversified Canadian portfolio of office, industrial, retail and residential assets was awarded 1st place in the Americas and 4th globally in this year’s Real Estate Assessment. This result complements QuadReal’s top GRESB rankings from the previous three years.

Each year, GRESB assesses and benchmarks the ESG performance of assets world-wide. These assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than USD 8.6 trillion of assets under management, up from USD 6.4 trillion the year before.

“At QuadReal, we understand the important role that active real estate investors and managers can play in reducing global emissions. This year’s GRESB Real Estate Assessment of QuadReal is a testament to our continued commitment to ESG transparency at a time when sustainability is increasingly a pre-condition for long-term financial feasibility,” Jamie Gray-Donald, Senior Vice President of Sustainability & Environmental, Health & Safety, QuadReal.

Institutional investors are increasingly looking for comprehensive, companywide ESG metrics to benchmark performance. GRESB data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future.

“With more fund managers and asset owners reporting to GRESB than ever before, we are proud to see the global real assets industry deepen its commitment to ESG transparency and pave the way for a more sustainable future,” says Sebastien Roussotte, CEO of GRESB.

Earlier this month, QuadReal also announced its updated strategic pathway to achieve net zero for its global portfolio by 2050. QuadReal’s net-zero strategy builds on its original 2016 mandate to achieve an 80 per cent carbon reduction goal across its Canadian operations and includes key interim targets, such as a 50 per cent carbon reduction of its Canadian portfolio by 2030. Since 2016, QuadReal has demonstrated leadership in reducing carbon emissions across its Canadian portfolio and will use key learnings to accelerate and deepen its sustainability goals for both its Canadian and international assets.

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $67.1 billion.  From its foundation in Canada as a full-service real estate operating company, QuadReal has evolved its capabilities to invest in public and private debt and equity markets. QuadReal invests directly via programmatic partnerships and through operating companies in which it holds an ownership interest.

QuadReal 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.