2017 GRESB Participation
At Manulife, we strive to continually refine our sustainability practices. In 2017, for the second consecutive year, all of our funds participated in the Global Real Estate Sustainability Benchmark (GRESB) assessment. We are proud to report that all portfolios/funds received “Green Star” status. As a part of our decision to focus on a new sustainability vision, we are systematically incorporating ESG considerations into our existing procedures and processes and investing in training, systems and communications. Formally adopting a Sustainability policy, improving utility reporting across the portfolio and increased certification rates for our properties are a few factors that contributed to our score.
GRESB: Global Real Estate Sustainability Benchmark. This institutional investor-sponsored assessment is the global standard for assessing the sustainability performance of real estate companies and funds. In 2016, the assessment had 759 participants from 63 countries, representing $2.8 trillion in gross asset value. The GRESB Real Estate Assessment, which has become the de facto measure of a fund's green performance, covers $3.7 trillion of assets globally and scores its sustainability performance in terms of environmental stewardship, social responsibility and governance (ESG).