Business
GRESB 2021 Survey Results
GRESB 2021 Survey Results.
About this update from Abrdn European Logistics Income Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7039P\n Aberdeen Standard Eur Lgstc Inc PLC\n 21 October 2021\n \n \n \n \n Aberdeen Standard European Logistics Income PLC\n \n \n LEI: 213800I9IYIKKNRT3G50\n \n \n 21 October 2021\n \n \n GRESB 2021 SURVEY RESULTS - AWARDED REGIONAL SECTOR LEADER STATUS \n \n \n Aberdeen Standard European Logistics Income PLC (\"ASLI\" or the \"Company\"), which invests in high quality European logistics real estate, is pleased to announce that in the 2021 survey by GRESB (the 'Global Real Estate Sustainability Benchmark') the Company was awarded Regional Sector Leader status.\n \n \n The Company has been placed first in the Listed European Industrial - Distribution Warehouse - segment, reflecting the continued work that the Investment Manager has undertaken improving the sustainability credentials of the portfolio.\n \n \n The Company's 2021 GRESB score of 84/100 represents an improvement on its 2020 GRESB survey score of 79/100. It also compares favourably versus the 64/100 average peer score and 73/100 overall average 2021 GRESB score.\n \n \n The Company has maintained its high Green Star rating with 4 out of a maximum 5 stars and outperformed the benchmark average score in almost every category.\n \n \n The latest GRESB scoring recognises the fundamental importance the Investment Manager places on sustainability when acquiring and subsequently enhancing the Company's portfolio. The Company has been actively implementing green leases and working closely with tenants, bolstered by an annual tenant satisfaction survey. The Investment Manager collects energy usage data on all of the portfolio assets and regularly reviews this to identify potential areas for improvement. \n \n \n The improved GRESB scoring also recognises the strong energy efficiency credentials across the portfolio, which has been enhanced further through the installation of rooftop solar PV; nine of the Company's sixteen assets now generate on-site renewable energy and discussions about installation are ongoing with local stakeholders for the remaining assets.\n \n \n The Company believes that comprehensive assessment of ESG factors leads to better outcomes for shareholders and adopts the Investment Manager's policy and approach to integrating ESG. A key element of this is the employment of the Investment Manager's ESG Impact Dial, a prop...