APG, PGGM, the Universities Superannuation Scheme and ATP Real Estate have rolled out a sustainable real estate benchmark, IPE reports. The Global 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 provider Mn Services, Hermes Real Estate and the Ontario Teachers’ Pension Plan.
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