Scentre Group was today awarded Global Sector Leader, Development in the 2023 GRESB Real Estate Assessment. The Group ranked first amongst its retail peers for the third consecutive year and received a 5-star rating, once again placing it within the top 20% of the benchmark.

Each year GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics.

The GRESB 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 Sector Leader Awards recognises real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability each year.

Scentre Group Chief Executive, Elliott Rusanow said the acknowledgement of Global Sector Leader reflects the Group’s commitment to being a responsible, sustainable business:

“Operating as a responsible, sustainable business underpins our ambition to grow and is fundamental to how we continue to create long-term value for our stakeholders.

“The recognition of Global Sector Leader, Development by GRESB is acknowledgement of our ongoing commitment to ESG transparency, disclosures and improved performance as well as the focus of our team on integrating responsible business throughout our decision-making and operations.”

GRESB Chief Executive Officer, Sebastian Roussotte said:

“GRESB Sector Leaders embody the industry’s champions, leading the charge towards a net-zero future and propelling the sector forward. We wholeheartedly commend this year’s Sector Leaders for their dedication, leadership and commitment to ESG principles and sustainability.”

This year saw the GRESB Real Estate Assessment participation increased by 15% to include 2,084 listed and non-listed portfolios, generating a benchmark that covers USD 7.2 trillion of gross asset value (GAV) across 75 countries.