ESG performance

ESG performance earns Triovest global standing

Monday, September 10, 2018

Triovest has been recognized as a global leader in the 2018 GRESB real estate assessment, tracking the ESG (environmental, social, governance) performance of commercial real estate portfolios worldwide. The real estate advisory and capital firm — which oversees $9 billion worth of Canadian properties on behalf of institutional and private investors — achieved the best score, 88 out of 100 possible points, in its peer group of 22 non-listed diversified office/industrial portfolios.

“We have worked hard to embed sustainability across our organization,” reports Triovest chief executive officer Vince Brown. “Our employees, clients and tenants contributed to, and will benefit from, this achievement.”

GRESB’s 2018 survey results were revealed to participants in this year’s benchmarking exercise late last week, allowing them to peg their own standing against broader averages gleaned from 903 real estate companies and funds collectively holding more than 79,000 assets in 64 countries, valued at USD $3.6 trillion (CAD $4.75 trillion). More details on trends and averages in the various components of GRESB scoring will be released in presentations in major global cities, including Toronto and Vancouver, in the coming weeks.

Canadian participants have snared and solidified first-runner-up status for Canada in the national ESG performance rankings in recent years — surpassing the collective score of participants based in the United States and Europe, but trailing the perennial leader, Australia/New Zealand. In 2017, Triovest was among the 18 Canadian organizations that closed the gap on the front-runner to just three points, as Canada scored 70 out of 100 — a four-point gain from 2016 in contrast to Australia/New Zealand’s one-point drop from their previous year’s tally.

In addition to 2018 global sector leader status, Triovest boasts the top score of the 282 portfolios opting to  report under GRESB’s health and well-being module. Triovest’s portfolio of 380 Canadian properties, encompassing more than 36 million square feet of space, also attained GRESB’s best-possible 5-star rating while improving on its 2017 score.

“The sector leaders have set the bar even higher for sustainability performance in 2018,” affirms Sander Paul van Tongeren, the co-founder and managing director of GRESB. “We are proud to recognize the significant steps they have taken to incorporate sustainability into their operations and communicating their performance to investors.”

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