This winter, the world looks
like a much different place.
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After many months of tremendous social change and climate impacts, we find ourselves in the midst of a worsening coronavirus pandemic in much of the world. Yet hope remains as sustainability and resilience becomes an even stronger goal for many organizations and leaders around the globe. Pledges towards carbon neutrality and net zero to address climate change abound across organizations, major banks, corporations, including our clients Jamestown and CommonWealth Partners, and nations such as The European Union, China, Japan, South Korea and others.
Our clients have also made impressive progress in greening their building portfolios and the results speak for themselves in this year’s GRESB assessment. In this edition of our newsletter, read about our clients’ 2020 GRESB outcomes and access their latest annual ESG/sustainability reports.
At Verdani, we are more driven than ever to fulfill our mission to advance sustainability in the built environment and actively build a resilient, thriving future. Despite the challenges we face, we hope you will find inspiration in the stories we are sharing about progress being made in sustainability.
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Together,
we all must go forward with tenacity and
work towards a brighter future.
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We are proud of our clients’
2020 GRESB
achievements & recognitions
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Verdani Partners is proud to share the exceptional achievements of our clients on the 2020 GRESB Assessment, the leading ESG benchmark for real estate and infrastructure investments across the world. Verdani submitted 31 GRESB real estate assessments for 10 national and international clients who include American Realty Advisors, CommonWealth Partners, Clarion Partners, GID, The Howard Hughes Corporation, Jamestown, Mid-America Apartment Communities, Parkway and PGIM Real Estate.
Sector Leaders and Top Performers:
- CommonWealth Partners - 1st in U.S. Office Corporate High-Rise and Office Americas Regional Sector Leader and Regional Non-listed Sector Leader
- GID - 1st in U.S. Residential, Multi-Family Core Non-Listed and Residential Americas Regional Sector Leader and Non-listed Sector Leader
- PGIM Real Estate - 2 Sector Leaders in the Development Benchmark for their Industrial/Americas Fund and Retail/Americas Fund, and 2nd for their European Diversified Office/Industrial Fund
- Parkway - 5th in U.S. Office: Corporate - High-Rise Office Core
- 3 funds rank in top 3 of their peer group
- 9 funds rank in top 5 of their peer group
GRESB 4 & 5 Star Ratings:
- 7 GRESB 5 Star Ratings - Standing Investments and Development
- 10 GRESB 4 Star Ratings - Standing Investments and Development
Resilience Module:
- 23 funds earned 1st rank in Resilience in their peer group
- All of PGIM Real Estate’s 18 GRESB assessed funds ranked 1st in Resilience
- CommonWealth Partners, GID and Parkway - 1st rank in Resilience in peer group
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DISTINGUISHED RECOGNITION
CommonWealth Partners
Office Americas Regional Sector Leader
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1st rank
U.S. OFFICE CORPORATE
HIGH-RISE CATEGORY
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1st place
RESILIENCE
IN THEIR PEER GROUP
IN 2020
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The distinguished recognition of an Office Americas Regional Sector Leader and Regional Non-listed Sector Leader was awarded to CommonWealth Partners (CWP) for their exceptional performance in the 2020 GRESB Real Estate Assessment where they ranked 1st in the U.S. Office Corporate High-Rise category, received a GRESB 5 Star Rating and earned 1st in Resilience in their peer group. This achievement carries forward momentum from 2019, when CWP earned the Northern America Regional Sector Leader and 1st in the U.S. Office Non-listed peer group.
“It is an honor to be recognized again this year for the progress and accomplishments made through our sustainability programs at CommonWealth Partners” said Jessica Loeper, Director of Sustainability for CommonWealth Partners and Vice President of Verdani Partners. “Since 2013, we have been working tirelessly alongside our dedicated property managers, engineers and tenants to advance our environmental performance, stakeholder engagement and governance practices for a comprehensive ESG program. Our Class-A office portfolio remains committed to sustainable operations and high-performance buildings, and we are excited to be recognized for our achievements. It is a tremendous honor to rank #1 again this year and to be recognized as an Office Americas Regional Sector Leader.”
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PRESTIGIOUS RECOGNITION
GID
Residential Americas Regional Sector Leader
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1st rank
U.S. RESIDENTIAL,
MULTI-FAMILY
CORE NON-LISTED CATEGORY
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1st place
RESILIENCE
IN THEIR PEER GROUP
IN 2020
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In 2020, GID achieved the prestigious recognition of a Residential Americas Regional Sector Leader and Regional Non-listed Sector Leader by earning 1st rank in the U.S. Residential, Multi-Family Core Non-Listed category of the 2020 GRESB Real Estate Assessment.
GID has been recognized as a leader in sustainability with another GRESB 5 Star Rating for the fourth year in a row, demonstrating continued excellence in ESG management and implementation. GID also earned 1st place in Resilience in their peer group in 2020, building upon strong foundations established in years prior with their 2nd place rank in 2019 within the United States, Residential, Non-listed peer group.
Since the debut of GID’s Sustainability Program in 2016, GID has implemented a broad array of ESG measures in support of their mission to leverage its investment, development and management expertise to enhance the communities in which it invests, lives and operates.
Scott Lemoine, Director of Sustainability, reflects “We are very proud of the progress we have made across the GID portfolio since we launched their Sustainability Program. GID’s exceptional performance within GRESB is a direct result of the years of dedicated efforts from our team to implement ESG measures across all areas of the company. It’s inspiring to be part of this movement to advance sustainable real estate and improve transparency in our industry.”
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LEARN MORE ABOUT
Changes to the GRESB Assessment
in 2020
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Earlier this year, our founder and president, Daniele Horton, participated in a video interview at Nareit’s 2020 ESG JumpStart Workshop, discussing the changes that were introduced to the 2020 GRESB Assessment. In the video, Daniele shares information about how more investors are requiring participation ESG assessments such as GRESB, which helps investors mitigate risks and enhance and protect shareholder value through having access to ESG benchmark data. She also recommends six best practices participants should consider during the assessment process.
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2019 - 2020
Annual Sustainability Reports
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Our Communications team has written and designed over 40 annual sustainability, ESG and CSR reports to showcase our clients' leading performance and accomplisments.
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