The aim of the ESG Committee (previously known as the Sustainability committee) is to emphasize the importance of environmental, social and governance factors in the non-listed real estate investment industry and to move the focus of sustainability from an asset level to a vehicle level. This will be achieved by improving the dialogue between investors and fund managers, increasing knowledge and market transparency and providing practical guidance for sustainable investments.
The committee will promote the topic of sustainability by hosting expert panels, roundtable discussions and contribute to training courses and webinars. Activities include developing best practices, case studies and examples of sustainable investments. The committee will also provide an overview of available market data on sustainability and provide guidance on the use, validity and meaning of this data.
- Emphasize importance of ESG, on asset as well as vehicle level
- Improve dialogue between investors and managers
- Increase market transparency and support measurement of sustainability
- Support academic work linking sustainability performance and financial performance
|Christopher Wright (Chair)||Norges Bank Real Estate Management||Norway|
|Abigail Dean||TH Real Estate||United Kingdom|
|Barbara Maltha-Koppelman||CBRE B.V.||The Netherlands|
|David Ironside||LaSalle Investment Management||Germany|
|Derk Welling||APG Asset Management||The Netherlands|
|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.