New York, NY
CBRE Investment Management Achieves Market-Leading GRESB Real Estate Scores in Multiple Sectors, Regions
Firm Also Increases Participation and Performance in Infrastructure Assessment
November 29, 2022
CBRE Investment Management submitted 66 portfolios to the GRESB Real Estate Benchmark Assessment this year – a 27.7% increase over 2021 by gross asset value and the most of any commercial real estate fund manager for the third year in a row. GRESB, the leading global sustainability benchmark for real assets, provides a framework to assess, compare and discuss ESG performance, and this level of participation highlights the firm’s commitment to sustainability performance and transparency.
CBRE Investment Management’s real estate submission included 22 commingled funds and 44 separate accounts and joint ventures. These portfolios achieved high marks from GRESB, including:
- Two regional sector leaders in the office and retail categories:
- CBRE Dutch Office Fund
- US Mall Partners
- Two peer group leaders:
- CBRE Europe Value Partners 2
- CBRE Retail Property Fund Iberica
- 61 Green stars
- 5-star ratings for 16 funds and 4-star ratings for six funds, indicating top ESG portfolio performance
- “Top 20%” rankings in their peer group for 12 funds
- Average GRESB scores of 81 by GAV and floor area, well above the GRESB average of 74
- Average GRESB scores for development 14.5% higher than the GRESB average, with scores of 92.7 and 92.8 by GAV and floor area, respectively, compared to the GRESB average of 81
The firm also submitted one of its global funds in the GRESB Infrastructure Assessment. Additionally, the firm has actively focused on increasing portfolio company participation with 96% of its infrastructure portfolio companies also participating this year and achieving strong year-on-year improvements in their performance.
“Our commitment to sustainability is fundamental to our business and to driving long-term out performance. Our GRESB submissions and results highlight the breadth and depth of our sustainability program.,” said Chuck Leitner, Chief Executive Officer, CBRE Investment Management.
Helen Gurfel, Global Head of Sustainability and Innovation, CBRE Investment Management, added: “We are delighted to see that the actions we are taking across our global platform to mitigate risk and create value through our sustainability efforts are being recognized by industry organizations like GRESB."
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $143.9 billion in AUM* as of September 30, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2021 revenue). CBRE has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
- GRESB announced the results of their annual assessments on Oct. 17, 2022, based on data submitted for 2021. CBRE Investment Management did not compensate GRESB for these awards or rankings. More details about the GRESB Assessment Methodology can be found here.