Embassy Office Parks REIT Earns GRESB 4-Star Rating

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.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor