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In this issue, we highlight the strong performance of the seventy-three assessments Verdani submitted on behalf of fourteen of our clients, representing roughly |
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total square feet assessed. |
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In 2024, GRESB received over 200,000 submissions and continued to tighten its requirements. Verdani guided our clients to impressive results, demonstrating resilience in the evolving ESG landscape. We are proud to report that our clients have experienced an average annual increase of over 5% in their scores since partnering with Verdani. |
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 | Verdani is pleased to share the results from another successful year of GRESB Assessments onbehalf of our clients. Our partnerships continue to yield impressive results, reflecting our collective commitment to creating more efficient, high-performing, and resilient portfolios. Verdani actively pursues ESG solutions that set our clients on a solid path toward a sustainable future. As we celebrate the 2024 results, we look forward to even greater achievements in 2025. |
| Daniele HortonFounder & CEO of Verdani Partners |
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Throughout the year, our teams have worked diligently to integrate ESG solutions that enhance the performance and resilience of our clients’ portfolios. This dedication is reflected in the 2024 GRESB Assessment results, where thirty-one of our submissions ranked 1st, 2nd, or 3rd in their Peer Groups. Our clients also received ten Regional Sector Leader designations and one Global Sector Leader designation.
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| Fourteen submissions earned |
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The team at Verdani continues to leverage our collective expertise of GRESB to help accelerate the performance of our clients’ portfolios. We are excited to share our clients’ performance in this special GRESB Verdani Vitals issue. |
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31 submissions ranking 1st, 2nd, or 3rd in Peer Groups. Including: |
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121st in Peer Group rankings |
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| 102nd in Peer Group rankings |
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| 93rd in Peer Group rankings |
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| | assessed (across 57 funds) |
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 | Howard Hughes Holdings (HHH) HHH scored significantly above the global average in the 2024 GRESB Assessment, ranking first in the North America Diversified Listed Peer Group for their Standing Investment submission. This submission also received a 4 Star rating, indicating exceptional sustainability performance for their diversified portfolio. Along with ranking in the 88th percentile for one of their submissions, HHH was designated a Regional Listed Sector Leader for the Americas, Diversified category.
To learn more about Howard Hughes Holdings, click here: https://www.howardhughes.com/ |
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 | CommonWealth Partners (CWP) This year marks the 11th year CWP has participated in the Assessment, and they once again earned a GRESB 5 Star Rating. CWP also garnered a strong 2nd place ranking in the 2024 U.S., Office: Corporate: High-Rise Office Peer Group.
To learn more about CommonWealth Partners, click here: https://www.commonwealth-partners.com/ |
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PGIM Real Estate PGIM Real Estate had ten entities ranked 1st in their respective Peer Groups. PGIM Real Estate garnered a stellar nine 5 Star ratings and seven 4 Star ratings. Notably, 8 of PGIM’s submissions increased by one or more star ratings from 2023. PGIM Real Estate experiences impressive growth year over year, with several of their submissions ranking above the 90th percentile. It also received several Regional Sector Leader designations and a Global Sector Leader designation.
To learn more about PGIM Real Estate, click here: pgim.com/real-estate/esg |
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 | CIM CIM’s real estate submissions for this year’s GRESB Assessment achieved two 2nd place rankings, in both the United States of America, Diversified, Opportunistic and in the Office/Residential, Non-listed Peer Groups. Additionally, CIM received a 4 Star rating for one of its submissions, with the other four receiving 3 Star ratings.
To learn more about CIM, click here https://www.cimgroup.com/ |
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Verdani is a proud global partner and training partner of GRESB, the leading ESG benchmark for real estate and infrastructure investments globally. Included in our 2024 series of ESG Essentials webinars are two GRESB-focused presentations that enable viewers with the tools and tips to excel in submitting to GRESB. The first of these webinars occurred this Spring, which you can view below; the second webinar took place October 31st and analyzed the changes, results, and findings from this years assessment.
Verdani’s 2024 GRESB Updates webinar unveils new criteria, best practices, and strategies to position your real estate portfolio for success. Ideal for portfolio managers, sustainability officers, and anyone aiming for GRESB excellence. |
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| Stay tuned for the Thinkific GRESB Improvement Recommendations webinar, to gain actionable recommendations to enhance your GRESB scores and align with evolving evaluation criteria. |
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Verdani was honored to co-sponsor GRESB’s Regional Insights 2024 event in Los Angeles this October. Industry insights were presented by: |
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Nils Kok (Co-Founder of GRESB) |
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| Dan Winters (Senior Director at GRESB) |
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| Daniele Horton (Verdani’s Founder and CEO) |
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Austin Upton (CommonWealth Partners) |
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| Andy Anderson (Watchwire by Tango) |
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The audience gained valuable knowledge on the latest ESG industry trends, regulatory and market changes, findings from the 2024 GRESB season, and more. Several Verdani team members also attended the event to gather insights that could benefit our clients in their ESG programs and annual assessments.
To hear directly from our team on how Verdani can apply these insights for your ESG program and GRESB assessment, contact us here: |
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About Verdani Partners
Verdani, a GRESB Global Partner, is a leading full-service sustainability and ESG consulting firm with team members with over 25 years of experience in sustainable real estate. Verdani is currently managing ESG programs for 19 real estate firms with 10,000 properties managed across 1.7 billion square feet of diversified portfolios, representing over $690 billion AUM. verdani.com
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About GRESB
GRESB is an industry-led, leadingESG benchmark for real estate and infrastructure investments across the world,providing standardized and validated ESG data to financial markets. GRESB.com |
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