Real estate investor Altera Vastgoed NV (hereinafter: Altera) has become GRESB Real Estate Global Sector Leader 2020 with its residential fund and has once again achieved the “5-star” GRESB rating. With this status in the non-listed real estate funds category, the fund also ranks first in Europe and the Netherlands. The Altera convenience retail fund was also awarded a five-star score one again, coming in second in the Netherlands.
Jaap van der Bijl, CEO of Altera: “Our corporate and investment strategy is aimed at creating dual returns: a solid financial performance combined with strong ESG results. The way in which we choose to pursue these goals is by investing in sustainable buildings, of course, but also by creating value for all our stakeholders: our investors, our tenants and society at large. GRESB gives us the opportunity to measure and compare the results we have achieved with our strategy. Our performance confirms that Altera continues to make an important contribution to sustainability, and we are enormously proud of that.”
Beyond environmental opportunities
Earlier this year Altera joined the UN Global Compact to give further substance to socially responsible investing. In addition, Altera received an A+ rating for both Strategy & Governance and Property from UN PRI in mid-2020 and received the GRESB/Breeam Award for the most sustainable investor with the retail portfolio in early 2020.
By the installation of AEDs and rain barrels, organising lunches in shopping centres for senior citizens and launching energy- and water-efficiency pilot projects, Altera is making concrete contributions to society.
Rudy Verstappen, ESG Research Manager at Altera: “The aim of our ESG policy is to further future-proof our funds and real estate. These results show that we are already on the right track. However, we still see room for improvement on which we will focus in the coming period.”
The GRESB scores
GRESB is an independent and leading benchmark that assesses the ESG performance of real estate and infrastructure worldwide. The assessment for 2020 includes data from over 1,200 real estate investors across the globe, and a combined total of € 4,100 billion AUM.
Altera participated in this year’s GRESB as an unlisted institutional investor with two Dutch real estate funds, both of which achieved excellent scores once again. The residential fund earned 96 points out of 100, while the retail fund scored 88 points.