The GRESB Real Estate Benchmark 2022 has been published this morning and both residential funds of Rockfield score on average 90 out of 100 points, improving 8 points compared to the previous year and achieving the GRESB 5 star Rating. In this sustainability assessment, both Rockfield funds perform well above the average score of 74 and thus finish in the top 10 of the more than 138 participating real estate funds.
Divided into the sustainability components: Environmental, Social and Governance (ESG), both Rockfield funds receive full points on the Social component. This is partly the result of Rockfield's focus on tenant wellbeing and shows that Rockfield's strategy is highly valued. The scores for data analytics are also highly valued. This has been achieved, among other things, by Rockfield's innovations on Business Intelligence. Rockfield was already rewarded for this earlier this year with de game changer award at The Provada.
“We are proud of another significant increase in points and ranking this year” says Luc Platenburg; Rockfield's CFO. “We are confident that we have laid a strong foundation for a sustainable residential portfolio in the Netherlands. At the same time, we remain ambitious, and keep looking for improvement in order to see that upward trend next year as well.”
“Looking at this year’s benchmark, the industry’s embrace of ESG continues to be reflected in our strong participation numbers and increased data coverage, signaling that real assets investors and managers alike remain steadfast in their commitment to sustainability.” according to GRESB
GRESB is the Global ESG Benchmark for Real Estate. The GRESB Real Estate benchmark measures the sustainability performance of real estate portfolios and their managers worldwide. In 2022, more than 1,800 real estate entities participated, representing USD 6.9 trillion in GVA properties across 74 countries. Participants report their sustainability performance through an assessment. This assessment assesses strategy and policy, processes, risk management and stakeholder engagement. In addition, it measures the concrete performance of the properties in the portfolios, in terms of energy consumption, CO2 emissions, water consumption and waste collection, and compares these performances with those of the other participants. For more information see here: GRESB