abrdn has received 21 'Green Stars' for meeting key environmental and social goals in the buildings it owns.

In the 2022 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment, the "Green Stars" were earned. GRESB has become the largest global ESG benchmark for real estate and infrastructure investments.

Four of abrdn’s funds were awarded five-star status, placing them in the top 20% of their peers. Also, five funds got the top spot in their peer group for having the best ESG performance in their sector.

GRESB uses assessments and benchmarks to measure ESG performance in a way that is standardised and known around the world. The assessments are based on what investors and the industry think are important factors in how well real asset investments will do in the long run. 

They are also in line with international reporting frameworks, such as the Paris Climate Agreement, the UN Sustainable Development Goals (SDGs), and guidelines and laws that are specific to each region and country. GRESB measures a fund’s sustainability performance, awarding stars for best practices.

Neil Slater, Global Head of Real Assets, said:

“We have a huge responsibility in the real estate industry to reduce the environmental impact of our buildings. We also have a fiduciary duty to investors who want to make sure their investments are good for the environment. This is about making an impact in the right way—doing the right thing for society at the same time as making a long-term return. The achievements we’ve made and the acknowledgement from GRESB illustrate clearly the changing nature of real assets and our commitment to ESG.”

Source: abrdn

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