The aim of the committee is to establish a unified view of ESG, increasing understanding of all three aspects, environmental, social and governance, and to promote robust standards of corporate governance that integrate all these aspects for non-listed real estate vehicles. This will help the industry more effectively integrate ESG factors into the real estate investment decision-making process.
- Emphasise importance of environmental measures, sustainability goals and performance, at both a vehicle and asset level.
- Provide best practice on the structure, policies and regulations that impact investments
- Increase understanding and awareness of corporate governance and social aspects that impact the industry
- Implement and promote common and workable standards of corporate governance for non-listed real estate vehicles
|Christopher Wright (Chair)||Norges Bank Investment Management||Norway|
|Roland Mangelmans (Vice-Chair)||APG Asset Management||The Netherlands|
|Abigail Dean||Nuveen Real Estate||United Kingdom|
|Anne Niemi||Varma Mutual Pension Insurance Company||Finland|
|Barbara Maltha-Koppelman||CBRE B.V.||The Netherlands|
|David Ironside||LaSalle Investment Management||Germany|
|Derk Welling||APG Asset Management||The Netherlands|
|Douglas Crawshaw||Willis Towers Watson||United Kingdom|
|Joep Ottervanger||Loyens & Loeff||The Netherlands|
|Klaus-Dieter Schmidt||Jamestown US-Immobilien GmbH||Germany|
|Maaike Hof||MN Services Vermogensbeheer||The Netherlands|
|Nicole Braun||Catella AB||Germany|
INREV and ANREV have merged their libraries of ESG-related resources together to form a shared Global ESG Library for the non-listed real estate industry.
Of the three strands of ESG - environmental, social and governance - it is probably the social that has so far received least attention from real estate investors. This is something that INREV will be addressing in 2019, with the aim on raising members' awareness of the area and proposing ways the industry can best measure the value of incorporating social effects into the investment process.
The value of Sustainability Reporting is that it ensures organisations consider their impacts on sustainability issues, and enables them to be transparent about the issues they face. This increased transparency leads to better decision making, which helps build and maintain a sustainable real estate sector.