Global logistics real estate investor GLP has reported “consistent improvement” in the ESG performance of its funds, following the results from its latest 2022 GRESB assessment (press release here). GRESB is an ESG benchmark for real estate and infrastructure investments.
Of GLP’s funds (comprising 55 percent of its real estate assets under managaement) covering Asia, Europe and the Americas, 18 were submitted to the benchmark.
In its latest annual ESG report, GLP said it is working towards being carbon neutral by 2050, and joined the UN-supported Principles for Responsible Investment (PRI) in 2021.
The firm has made formal commitments in China, Japan, Europe, Brazil and India to build 100 percent of its logistics real estate developments to globally recognised green building certifications.