Triovest Awarded Four Green Stars in the 2016 GRESB Real Estate Assessment
Triovest Realty Advisors is pleased to announce that it earned four green stars in the 2016 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment. Ranking 3 out of 18 in the peer group “Diversified – Office/Industrial Global”, Triovest received a score of 75/100 versus a peer group average of 52. Triovest’s score improved by more than 10 percent over 2015 and exceeded the highest-performing Australia/NZ GRESB regional subgroup.
“We are committed to embedding leading environmental, social and governance (ESG) practices right across our organization,” said Philippe Bernier, Director, Sustainability. “We improved in most areas of the 2016 assessment and know what we need to do next.”
GRESB is an industry-driven organization committed to assessing the ESG performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is the international standard used by institutional investors, including many Triovest clients, to engage with their investments and improve the sustainability performance of real estate portfolios.
“Triovest’s goal is sustainability leadership and strong progress is being made,” said Vince Brown, President and CEO. “Triovest pursues sustainability because it aligns with our values and it makes good business sense.”
A record 759 real estate companies and funds participated in the 2016 assessment, representing more than 66,000 assets across 63 countries, with a value of $2.8 trillion. A record 16 Canadian entities responded in 2016, up from 11 in 2015.
Triovest will build on its recent successes by year end with the publishing of its second-annual Sustainability Report.