The European non-listed property funds industry is laying the groundwork for an improved focus on sustainability, according to the results of the latest GRESB survey.
The survey, which provides focus and direction for the real estate sector by benchmarking sustainability performance, showed that the European non-listed property funds industry has a strong focus on policy and is well-placed to improve its implementation of sustainability initiatives.
The sample of INREV member funds included in the survey scored on average 37%, which measured funds’ progress across a number of key sustainability aspects. This result was in line with the global non-listed sample and the overall survey sample, referred to as the GRESB survey, at 39% and 38% respectively. When this score was broken down into the two further dimensions, which reflected an emphasis on policy or implementation, the INREV sample scored 55% and 33% respectively, demonstrating that the industry is in an educational and preparation phase when it comes to sustainability.
Source : INREV