Sustainability
57% of managers have Article 6 funds - most will upgrade within next year to Article 8
May 25, 2023: 57% of managers said their US core real estate funds were being classed as Article 6 funds under the EU's SFDR rules, compared to 13% for Article 8. But most said they planned to upgrade their disclosures within a year. "You have to pick a lane," one member said during the NAREIM Sustainability virtual meeting this week.
“Tidal wave” of Net Zero cap-ex is coming, but lack of transactions makes upgrades a hard sell
Committing to expensive Net Zero upgrades is challenging without market comps and deals, yet the industry is expecting a "tidal wave" of Net Zero cap-ex to hit the market - and asset pricing - in the short-term as more buildings become stranded.
Reporting to GRESB as an Article 6 SFDR fund doesn't trigger penalties - but setting GRESB targets may open 'can of worms'
Dec 21, 2021: Reporting to GRESB doesn't trigger fines for vehicles registered as Article 6 under Europe’s new sustainability disclosure rules – but watch out for GRESB T1:1 as setting targets and objectives may open up a “can of worms”.
The risk of inaction on health and well-being outweighs the risk of action, says Harrison St, Heitman, Kilroy, WELL
While research around the ROI of health and well-being measures is gathering pace, senior ESG executives argue that, in the aftermath of a global pandemic, this is the time to take action. Health and well-being is about the safety and security of tenants and users.
57% of managers have Article 6 funds - most will upgrade within next year to Article 8
57% of managers said their US core real estate funds were being classed as Article 6 funds under the EU's SFDR rules, compared to 13% for Article 8. But most said they planned to upgrade their disclosures within a year. "You have to pick a lane," one member said during the NAREIM Sustainability virtual meeting this week.
Most outsourced ESG roles – and most retained in-house
March 9, 2023: Among the most outsourced ESG roles are data collection and management as well as reporting to benchmarks such as GRESB and PRI. In comparison, managers retained ESG strategy in-house along with client reporting and answering investor DDQs. Download the full list.
2023 SFDR & ESG disclosure methodologies: Managers, take your pick
There are a lot of ESG rules in the US and Europe. The NAREIM Sustainability virtual meeting highlighted manager experiences and managers thoughts on the pros and cons of what's available. Key takeaways from the NAREIM Sustainability virtual meeting.
The 2022 EU transparency requirement pushing investment managers to rethink ESG disclosures and investor relations
Dec 20, 2021: NAREIM member investment managers exchanged best practices and offered potential solutions to the challenges posed by the EU sustainability disclosure requirement taking effect in January 2022.
35% of managers undertake climate risk analysis on a majority of their assets; one in four Sustainability leads report direct to the CEO
During the NAREIM Sustainability Meeting, 35% of managers revealed that all or more than 75% of their portfolios were covered by climate risk data and analysis; while 40% of sustainability leads report directly to the CEO. Read the takeaways here.
“Tidal wave” of Net Zero cap-ex is coming, but lack of transactions makes upgrades a hard sell
March 9, 2023: Committing to expensive Net Zero upgrades is challenging without market comps and deals, yet the industry is expecting a "tidal wave" of Net Zero cap-ex to hit the market - and asset pricing - in the short-term as more buildings become stranded.