Verdani Partners is delighted to celebrate the outstanding performance of our clients on the 2022 GRESB Real Estate Assessment, the leading global ESG benchmark for real estate investments.
Daniele Horton, Founder & CEO of Verdani Partners says, "While recent detractors attempt to slow progress, it remains true that ESG efforts strengthens portfolio performance and climate change readiness, a signal of long-term value and returns for investors. In our 9th year completing GRESB assessments for our clients, we are as committed as ever to sustainability and implementing crucial solutions such as decarbonization, net zero and resilience strategies to accelerate positive outcomes in commercial real estate. Our long-standing partnership with our clients amplifies our clients’ commitments to build resilient portfolios."
In 2022, we submitted 41 GRESB assessments on behalf of 12 clients’ national and international real estate portfolios with over 1.1 billion square feet and $460 billion in assets under management. Highlights include:
4 submissions ranked 1st in Management & Performance: The Howard Hughes Corporation (1) and PGIM Real Estate (3)
4 submissions ranked 1st in Management & Development: PGIM Real Estate
2 submissions ranked 2nd in their peer group in Management & Performance: American Realty Advisors (ARA) and CommonWealth Partners (CWP)
3 submissions increased to 5 Star Ratings for a total of 11, and 6 submissions increased to 4 Star Ratings for a total of 12
10 submissions ranked in the top 3 of their peer groups
17 submissions ranked in the top 5 of their peer groups
Sector Leader Designations
The Howard Hughes Corporation earned Regional Sector Leader designation for M&P, while PGIM Real Estate earned two Global Sector Leaders in M&P and M&D, three Regional Sector Leader designations for M&P, and three Regional Sector Leader designations for M&D.
- 2nd Place in U.S. Diversified Core (second year in a row)
- 5-Star submission
- 2nd Place in U.S. Office Corporate High-Rise
- 5-Star submission (7 years in a row)
- ENERGY Star Partner of the Year (5 years in a row)
The Howard Hughes Corporation
· Regional Listed Sector Leader, Americas, Diversified
- 1st in U.S. Diversified Listed
PGIM Real Estate
Management & Performance
- Three fund/property submissions 1st Place amongst peers
- Two 5-Star fund/property submissions
· Seven 4-Star fund/property submissions
- 11 of 15 returning funds/properties increased or maintained Management & Performance scores
Management & Development
- Four fund/property submissions 1st Place amongst peers
- 8 of 8 returning funds/properties increased or maintained Management & Development scores
- Three 5-Star fund/property submissions
- One 4-Star fund/property submission
We are proud of the exceptional performance of our national and international clients, who include American Realty Advisors, Clarion Partners, CommonWealth Partners, GID, The Howard Hughes Corporation, Jamestown LP, Parkway, PCCP, and PGIM Real Estate.
Daniele Horton, Verdani’s Founder and CEO, stated, “We are incredibly proud of our clients’ achievements in the 2022 GRESB Assessment. These results reflect their steadfast commitment to sustainability, decarbonization and resilience, and we are excited to help them further accelerate performance across the assets and portfolios they own and operate.”
By completing the GRESB Assessment, these outstanding achievers have demonstrated the strength of their sustainability performance relative to their peers, as well as their own growth over time.
With rigorous data validation processes, objective scoring and peer benchmarking, GRESB is a solid benchmark for us to track progress for our clients, in addition to providing valuable information for investors and participants to guide their investment, engagement and decision-making processes.
"Our clients demonstrate a high level of commitment to stakeholder value through improved environmental performance, strong social initiatives, and robust governance measures. We are proud to help guide their ESG efforts and are pleased that the GRESB results reflect the growth of their programs," says Paulynn Cue, Verdani’s Chief Communications Officer.
GRESB is a mission-driven and industry-led organization providing standardized and validated ESG data to financial markets. GRESB is the leading ESG benchmark for real estate and infrastructure investments across the world. Learn more at www.GRESB.com
Verdani manages ESG programs for 15 real estate firms with over 4,500 properties managed across 1.1 billion square feet of diversified portfolios, representing over $460 billion AUM. verdani.com
Serving as an owners’ representative for ESG management, Verdani provides clients with a team of sustainability experts that work within their organizations to develop and manage customized programs on an ongoing basis. Verdani’s clients leverage the team of professionals, state-of-the-art tools and resources, and industry connections to advance their portfolios, minimize risk and create long-term value.
Verdani is a GRESB Global Partner and member of the GRESB Benchmarking Committee that manages GRESB reporting. Verdani also produces annual sustainability reports for some of the nation’s top real estate firms. The certification experts at Verdani oversee a wide range of certification systems for clients, such as Fitwel, LEED, ENERGY STAR, USGBC’s ARC Platform, WELL, Green Globes, BREEAM, IREM and more. Verdani’s corporate ESG, green building certifications, technical services, communications department and educational programs bring an impressive breadth of expertise to each portfolio and project.
Paulynn Cue, Chief Communications Officer / Communications and Business Development
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