Altera achieved the number one position in the annual Global Real Estate Sustainability Benchmark (GRESB) for its residential and retail funds in the category non-listed real estate funds in the Netherlands.
Its industrial fund achieved a number three position in this category. This places Altera’s funds in the top of the Dutch participants in GRESB. All three funds are licensed Green Star within the benchmark.
Altera funds also achieved an excellent score from the (Western) European universe perspective. The residential fund achieved a first place (third place worldwide) followed by a third and fifth place for respectively its industrial and retail funds.
Jaap van der Bijl, CEO Altera: “The core of our strategy is to endlessly keep working on a respectable balance between efficiency, sustainability & ESG. Precisely this choice, and the way we execute our strategy – integrated into our business operations – made us the most sustainable residential and retail investor in the Netherlands. Of course, we are all very proud of this result.”
More than just Environment
Altera explains its top position on the benchmark through its sustainability initiatives in its full extent. From energy consumption, environmental management and, for example, the reduction of CO2 emissions to transparency and governance. As well as through a focused policy on creating enjoyable and safe living environments for tenants and good workplaces for employees.
Rudy Verstappen, ESG Research Manager at Altera: “Our real estate has become increasingly sustainable in recent years. We have invested in certification processes including environmental management as well as clearly mapping out the most important indicators within our ESG policy. We actively manage that.”
The GRESB benchmark is independent and leading. GRESB assesses and benchmarks the ESG performance of real estate funds and portfolios worldwide. The now published GRESB benchmark covers the year 2018 and data from 1,005 real estate investors worldwide (and a total of 3,700 billion AuM).
Altera participated as non-listed institutional investor with three Dutch real estate funds. All of Altera’s funds realised a significant higher score over 2018 compared to the results in the previous year. Its residential fund increased by 14 points, its retail fund by 12 points and its industrial fund by 13 points. Please find the GRESB scores of all funds in the visuals below.