UBS Global Asset Management Achieves Strong Results in 2015 Global Real Estate Sustainability Benchmark (GRESB) Report
September 11 2015 - 01:50PM
Business Wire
UBS Global Asset Management's real estate funds, managed by
Global Real Estate (GRE), continued to achieve strong results in
the annual GRESB survey, with the majority of its responding funds
ranking in the first quartile of their respective peer groups and
nine funds being awarded "Green Star" status.
Overall, GRE improved on its excellent results from 2014,
submitting 11 funds globally from a wide range of countries
including the US, Germany, Switzerland, Luxembourg, UK and Japan,
and across a variety of real estate sectors. Following the success
of 2014 where eight funds were awarded Green Star status, this year
nine GRE funds have been recognised as Green Stars.
Commenting on the results, Thomas Wels, Head of Global Real
Estate commented: "GRE’s global leadership and implementation in
this field has continued in 2015. No other firm has consistently
achieved such excellent scores in multiple global regions across
both the 2014 and 2015 surveys."
The 2015 survey was completed by 707 real estate companies and
funds/portfolios across 37 countries worldwide, representing a
total property value of USD 2.3 trillion and 61,000 individual
property assets under management.
GRESB collects information regarding the sustainability
performance of property companies and funds. This includes
information on performance data, such as energy, GHG emissions,
water and waste. In addition, the survey also covers broader
sustainability issues, such as sustainability risk assessments,
performance improvement programs, and engagement with employees,
tenants, suppliers and the community.
GRESB’s global benchmark uses a consistent methodology across
different global regions, investment vehicles and property types.
Participants’ scores are based on eight detailed criteria –
Management, Policy & Disclosure, Risks & Opportunities,
Monitoring & EMS, Performance Indicators, Building
Certification & Benchmarking, Stakeholder Engagement and New
Construction & Major Renovations.
What is GRESB?
GRESB is an industry-driven organization committed to assessing
the sustainability performance of real estate portfolios (public,
private and direct) around the globe. GRESB is an independent
organization not connected to UBS Global Asset Management's GRE
business area. GRESB’s mission is to enhance and protect
shareholder value by evaluating and improving sustainability best
practices in the global real estate sector. GRESB has grown from an
initiative pioneered by three institutional investors with the
assistance of Maastricht University into the leading benchmark
measuring the sustainable performance of real estate portfolios on
a global scale.
About UBS
UBS is committed to providing private, institutional and
corporate clients worldwide, as well as retail clients in
Switzerland, with superior financial advice and solutions while
generating attractive and sustainable returns for shareholders. Its
strategy centers on its Wealth Management and Wealth Management
Americas businesses and its leading universal bank in Switzerland,
complemented by its Global Asset Management business and its
Investment Bank. These businesses share three key characteristics:
they benefit from a strong competitive position in their targeted
markets, are capital-efficient, and offer a superior structural
growth and profitability outlook. UBS's strategy builds on the
strengths of all of its businesses and focuses its efforts on areas
in which it excels, while seeking to capitalize on the compelling
growth prospects in the businesses and regions in which it
operates. Capital strength is the foundation of its success.
UBS is present in all major financial centers worldwide. It has
offices in more than 50 countries, with about 35% of its employees
working in the Americas, 36% in Switzerland, 17% in the rest of
Europe, the Middle East and Africa and 12% in Asia Pacific. UBS
Group AG employs about 60,000 people around the world. Its shares
are listed on the SIX Swiss Exchange and the New York Stock
Exchange (NYSE).
Global Asset Management
Global Asset Management is a large-scale asset manager with well
diversified businesses across regions and client segments. It
serves third-party institutional and wholesale clients, as well as
clients of UBS’s wealth management businesses with a broad range of
investment capabilities and styles across all major traditional and
alternative asset classes. Complementing the investment offering,
the fund services unit provides fund administration services for
UBS and third-party funds.
www.ubs.com/realestate
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UBS AGMedia:US:Gregg Rosenberg,
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