PFs Launch Sustainable RE Benchmark

APG,PGGM, theUniversities Superannuation SchemeandATP Real Estatehave rolled out a sustainable real estate benchmark,IPEreports. TheGlobal Real Estate Sustainability Benchmark(GRESB), which currently represents $1.4 trillion in assets, will help review the sustainability of fund managers in the property industry.

As part of the benchmark, fund managers will have to take part in an annual survey to establish sustainability. Other members include Dutch fiduciary management providerMn Services,Hermes Real Estateand theOntario Teachers’ Pension Plan.

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