NEINVER achieves highest 5-Star rating by GRESB for third consecutive year
20/10/2022. For the third consecutive year, NEINVER – a leading property development, investment and management company, highly specialised in outlet assets – has achieved the highest 5-star rating in the 2022 Global Real Estate Sustainability Benchmark, the leading global benchmark in assessing the ESG performance of real estate assets. This rating once again places the Spanish multinational in the top 20% of the benchmark globally. The company also achieved third place out of 9, in its peer group, improving on the previous year’s results.
The GRESB index, which assesses the most relevant aspects of sustainability for investors and the real estate industry, has analysed the ESG performance of NEINVER and of its portfolio under the joint venture with Nuveen Real Estate, which includes 15 assets (13 outlet centres and 2 retail & leisure parks) with a gross value of around EUR 1.5 billion. NEINVER has excelled in aspects such as the management of its tenants’ sustainability indicators, the sustainability certification of all its centres and in terms of employee ESG objectives, confirming the company’s deep-rooted commitment to sustainability criteria across all levels.
NEINVER has been integrating sustainability criteria into its strategy for more than a decade. All of its assets are BREEAM certified, with 87% are rated “Excellent”, and have been managed under ISO 14001, 50001, 45001 and 9001 standards for almost a decade. The company has also achieved its goal of certifying its entire portfolio with the AIS international accessibility standard and continues to roll out a number of different initiatives to help meet its assets decarbonisation target.
According to Daniel Losantos, CEO of NEINVER, “Achieving the 5-star GRESB rating is, without doubt, a great satisfaction for NEINVER and a true ratification of the commitment we made to sustainable asset development and management several years ago. In the current context, identifying and mitigating ESG risks is crucial and tools such as GRESB provide common guidelines for companies in the sector that help us to move forward with our strategies and face the challenges that lie ahead.”
Strategic Sustainability Plan
NEINVER’s strategic sustainability plan Building Tomorrow has been pivotal to achieving these excellent results. The plan sets out the company’s ESG commitments and objectives and addresses the main challenges facing the real estate and retail sectors, all with a view to best serving its stakeholders and society in general.