More attention for sustainability in infrastructure
GRESB Launches Sustainability Benchmark for Infrastructure Investments
07 sep 2015 -
Together with APG a group of global institutional infrastructure investors like AIMCo, ATP, Aviva Investors, CalPERS, Mirova, Ontario Teachers’ Pension Plan and PGGM, representing US$1.5 trillion announced the launch of GRESB Infrastructure, a global sustainability benchmark for infrastructure assets.
Raise level of sustainability of existing infrastructure worldwide
The new initiative has partnered with GRESB, the global standard for portfolio-level sustainability assessment inreal estate, to develop and establish a consistent global sustainability framework for the infrastructure sector. The assessment will allow more capital to flow into sustainable infrastructure and to raise the level of sustainability of existing infrastructure worldwide.
Integral part of a diversified investment management strategy
With governments around the world increasingly looking to the private sector to fund infrastructure investments, the asset class is presenting attractive opportunities for investors. Infrastructure is rapidly becoming an integral part of a diversified investment management strategy, especially for long-term institutional investors. Data shows that 28 percent of pension funds now invest in infrastructure, though allocations are still low (below 1 percent of their total investments, on average) and are expected to increase in the coming years. Infrastructure and sustainability are closely related: as the backbone of the global economy, infrastructure investments offer scalable, resilient pathways to sustainable economic growth by delivering key societal benefits, such as vital transportation links, (renewable) energy sources, livability, social infrastructure, water and waste management systems, smart grids and low-carbon transportation systems.
Long-term horizon and the societal impact
“Given the long-term horizon and the societal impact of infrastructure investment, sustainability and broader environmental, social and governance considerations are critically important for infrastructure investors. Therefore we join forces in setting up a global benchmark that provides insight, allows us to measure the progress and gives us the means to engage with our investee funds and companies,” says Patrick Kanters, Managing Director, Global Real Estate and Infrastructure, APG Asset Management.
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