For the second year running, Altera Vastgoed NV (hereinafter: Altera) has been named GRESB Real Estate Global Sector Leader with its Altera residential fund. With this status, the Altera residential fund also took the number-one spot in the category Unlisted Real Estate Funds in the Netherlands and Europe. The Altera Retail Fund, aimed at food & convenience, improved its score by four points to 92.
Both Altera funds again achieved the ‘five-star’ rating.
Altera’s CEO, Jaap van der Bijl, states: “We have participated in the GRESB Benchmark since 2012, thereby providing transparency and insight into the impact of our ESG strategy on our real estate portfolios. Among other things, GRESB gives us insight and tools to continue on our route to Paris Proof. The choices we make and our overall approach are all focused on sustainable buildings and on creating value for all our stakeholders: our investors, our tenants and society. The results achieved confirm that Altera is making a positive contribution.”
Rudy Verstappen, ESG Research Manager, states: “The results show that we are helping to create a more sustainable society. In the coming period, we will continue to focus on a further reduction of water and energy consumption, along with reducing carbon emissions and waste. The insights can be used as we take the next steps together with our tenants.
The GRESB scores
The GRESB benchmark is an independent and leading metric. GRESB studies worldwide ESG factors of property and infrastructure. The recently published GRESB benchmark concerns data received from over 1,520 property investors worldwide (at a total of €5,700 billion AUM).
Altera has been participating in the GRESB benchmark since 2012 and did so again in 2021 with two Dutch real estate funds as an unlisted institutional investor. The Altera funds achieved excellent scores once again. The residential fund scored 94 out of 100 points, and the retail fund scored 92 out of 100 points.
The GRESB benchmark can be divided into two categories: Performance and Management.
Performance: improvement took place across the board, including by improving the data collection of grid operators, sustainability surveys and by gradually greening the building sector.
Management: For both Residential and Retail, Altera achieved the maximum score of 100 points, the same as last year.