Global ESG benchmark GRESB has named Scentre Group as a Global Listed Development Sector Leader in its 2020 Real Estate Assessment.
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.
The GRESB Sector Leader Awards Program recognises real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability.
In 2020, GRESB introduced separate Management, Performance, and Development Components for the Real Estate Assessment. Scentre Group participates in the Standing Investment and Development aspect of the benchmark and the sector leadership relates to Development. For the period of the 2020 GRESB survey, our key development focus was Westfield Newmarket in Auckland, New Zealand.
"We are proud to recognize the 2020 Sector Leaders for their clear commitment and meaningful action to improve their ESG performance.” says Sander Paul van Tongeren, Managing Director at GRESB. "Your efforts continue to shape the future of sustainability leadership and play a critical role in accelerating the transition towards sustainable real assets.”
Speaking about the sector leader recognition for Development, Scentre Group Director Design & Construction, Ian Irving said: “We believe leading with a responsible business mindset goes hand in hand with Our Purpose; creating extraordinary places, connecting and enriching communities.
“Our Sustainable Business Framework focuses on four key areas; our people, community, our environmental impact and economic performance and informs everything that we do. The acknowledgement as a Global Listed Sector Leader for Development reinforces our commitment as a responsible, sustainable business and comes as welcomed recognition for our team.”
Further to our sector leadership recognition for development, Scentre Group received an ‘A’ rating for public disclosure in the Standing Investment section of the 2020 GRESB survey. This compared to a global average of C and peer average of B.
More information about Scentre Group’s performance can be found in our annual Responsible Business Report.
More information about GRESB can be found at GRESB.com.