Nuveen Real Estate has just obtained the “Leed Gold” certification for its student residence operation in Porto Asprela, Portugal, with the best score ever achieved in Europe for this type of asset in the Leed V4 Hospitality category. Nuveen also earned 16 “green stars” in the Global Real Estate Sustainability Benchmark (Gresb) report.
The report compares the ESG performance levels of more than 100,000 assets worldwide, representing a total gross value of more than $5.3 trillion.
“We have continued to work toward our sustainability goals over the past year, always keeping our approach to tomorrow’s world as a guideline,” said Abigail Dean, Head of Sustainability at Nuveen Real Estate. “Despite the significant disruptions caused by the pandemic, we remain convinced that structural transformations related to demographic changes, sustainability, and technological advances offer significant opportunities for value creation, and that a thorough understanding of these disruptive factors and their impact is essential to capitalizing on these changes. We must also recognize the concrete consequences of climate change that may affect the valuation of real estate assets. It is crucial to better understand how, where, and when these physical impacts will materialize on the financial performance of an individual investment.”
If you want to find more details about the importance given to ESG and how the real estate company Nuveen headquartered in London has managed to achieve a record score in Leed Hospitality Certification, download our companion app for free. The Born2Invest mobile app brings you the most important financial headlines in the world, from the most trusted sources.
The company managed to save around 30% of energy in its Swindon Designer Outlet brand village
The company has also developed an award-winning strategy that has resulted in energy savings of around 30% in its Swindon Designer Outlet brand village through the use of artificial intelligence. “To achieve our ambitious sustainability goals, we need to invest in the latest technology and innovate in our approach. This is really central to the way we operate,” said Dean. “We are particularly proud of our support for innovations that promote the health and well-being of the users of our buildings and the use of smart buildings to achieve better energy performance.”
In addition, eight of Nuveen Real Estate’s mandates received the maximum five-star rating, indicating a performance above that of 80% of the participating real estate mandates.
United Nations recognized Nuveen’s work for a more sustainable future
Last year, Nuveen Real Estate also performed well on all the criteria and standards established by major international organizations, such as: obtaining an A+ rating in the latest results of the United Nations Principles for Responsible Investment Sustainability Framework; receiving the EPA Energy Star Partner of the Year Sustained Excellence Award for the thirteenth consecutive year; and receiving the “Goal Achiever” title from the U.S. Department of Energy.
“The fact that our work has been recognized by organizations such as the United Nations, Gresb and the U.S. Environmental Protection Agency (EPA) reinforces our belief that we are creating real change in our industry and gives us the legitimacy to call on our peers and the real estate industry in general to continue and accelerate this transformation,” said Dean.
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This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in BUSINESSIMMO, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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