Sustainability benchmark GRESB recognizes SSREI
The Swiss Sustainable Real Estate Index SSREI is recognized by GRESB B.V., a provider of real estate benchmarks, as a portfolio assessment tool and existing building certificate.
The Real Estate Assessment by GRESB (Global Real Estate Sustainability Benchmark) and SSREI (Swiss Sustainable Real Estate Index) are two different sustainability benchmarks for real estate portfolios. While GRESB follows an approach based on ESG criteria (Environment, Social, Governance) and therefore also addresses aspects of good corporate governance, SSREI refers purely to real estate quality, but does so more comprehensively. In addition to environmental protection and social responsibility, SSREI also includes economic efficiency (EES approach). The SSREI assessment is based on 36 criteria that relate to the sustainability-specific condition of a property in the areas of environment, economy and society (EES). The assessments are verified annually.
Where the two instruments are compatible in terms of content, GRESB now recognizes the SSREI, informs SSREI AG. Thus, GRESB accepts the SSREI in particular as inventory certification (BC1.2) and portfolio analysis as well as for other thematically overlapping requirements. The corresponding technical implementation of the recognition will take place with the GRESB conclusion in 2022.
"We are pleased with this landmark decision, which we are convinced will further promote transparency and comparability in the Swiss market," says SSREI AG.
GRESB was founded in 2009 by investors to make the sustainability performance of real estate more transparent and enhance it. GRESB is now considered the leading ESG benchmark for real estate and infrastructure investments worldwide and is used by 140 institutional and financial investors for decision-making. (ah)
