Embassy Office Parks REIT announced that it has been awarded a 4-star rating (out of 5 stars) in the 2021 Real Estate Assessment by GRESB, the world’s leading ESG benchmark for real estate and infrastructure investments.
In its first year of participation, Embassy REIT achieved Green Star status and an overall score of 80% for its permanent investments, placing it 7 percentage points above the average.
Embassy REIT particularly stood out on the “Governance” pillar with a score of 19/20, above the peer average, reflecting the best-in-class framework and the strong corporate governance standards adopted and followed by the REIT . Embassy REIT also achieved high scores for the “Environmental” (47/62) and “Social” (14/18) pillars, given the high proportion of electricity from renewable sources and strong stakeholder programs in the fields of health, education and public infrastructure which have been in operation for several years.
Powered by Capital Market – Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)