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Centro Vasco da Gama. Credit: Sonae Sierra

Sonae Sierra has achieved a 5 Star Rating in the 2019 GRESB Benchmark

The company has received the highest possible rating of 5 Stars, winning a Green Star status for the 9th year in a row.

Each year GRESB assesses and benchmarks the environmental, social and governance (ESG) performance of real assets worldwide and monitors the sector’s progress towards global sustainability goals. GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks such as GRI and PRI.

“We can’t solve global problems without a global benchmark to show us where we stand and how far we need to go. That’s why we are pleased to announce another increase in GRESB’s benchmark coverage and congratulate all 1,505 companies, funds and assets that reported on their ESG performance this year,” said Sander Paul van Tongeren, Co-Founder and Managing Director at GRESB. “You are the leaders of this movement and it’s your commitment to ESG integration and reporting that is paving the way for a more sustainable real asset industry,” said Sander Paul van Tongeren, Managing Director at GRESB.

Pedro Caupers, Investment and Asset Management Executive Director at Sonae Sierra said “the recognition of Sierra Fund as one of the most sustainable worldwide investment vehicles proves that our commitment to sustainability bears fruit in the most tangible way, placing us at the forefront of other equally committed players in the real estate market. All in all, through sustainability we are consistently creating value to both our clients and our communities”.