ESG news – Page 33
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Danish pension funds take on sustainable office development
DENMARK - Danish pension funds PensionDanmark and Lægernes Pensionskasse, and Swedish financial group Nordea Life have purchased a sustainable office development in Denmark through a joint venture.
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Responsible investment fund to develop UK care homes
UK – A new socially-responsible real estate fund backed by local authority pension funds has invested in the UK care home sector.
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Pension investors unveil environmental real estate index
GLOBAL – A study conducted on behalf of three major European pension investors has led to the launch of a global Environmental Real Estate index, after evidence showed few property managers meet the global standards pension funds expect when it comes to tackling environmental issues.
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Strathclyde pension fund buys BREEAM green office
UK – The Strathclyde Pension Fund has purchased a sustainable office development in Glasgow, which is seen as the first building in the city to achieve a BREEAM (BRE Environment Assessment Method) ‘excellent’ status.
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Pension funds to up focus on 'creeping' climate change
EUROPE – A group of UK-based institutional investors, including the Universities Superannuation Scheme (USS), has urged investors to engage with companies and policymakers on the issue of climate change adaptation, and to incorporate the related risks into their analysis and decision-making.
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SRI real estate fund gains positive pensions start
UK – Local authority pension funds have given their financial backing to a new socially-responsible real estate fund based in the UK and launched by Bridges Ventures.
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Principal raises $214.4m for green fund
UNITED STATES - Principal Real Estate Investors has raised $214.4m (€144.6m) in equity commitments for its Green Property Fund.
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Crown Estate signs first green lease
UK – The Crown Estate has signed its first green lease for part of its £750m (€860m) Regent Street regeneration programme in London.
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Prupim trials reveal sustainability gains
UK – Prupim, the real estate division of the UK life assurer Prudential, has announced significant cuts in the environmental impact of its property portfolio in 2008, including sharp reductions in carbon dioxide emissions and water usage.
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III-Investments goes green on real estate
GERMANY – HypoVereinsbank subsidiary III-Investments has launched the first real estate spezialfond to invest exclusively in ‘green’ real estate assets.
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Sarasin launches new green listed fund
GLOBAL – Sarasin has launched what it claims to be the world’s first fund to specialise in investing in sustainable real estate companies.
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PGGM to pursue ESG terms for real estate
NETHERLANDS – PGGM Investments, the Dutch pensions asset manager, will in future scrutinise all real estate investments under environmental, social and governance (ESG) terms as part of its strategy to encourage all companies to abide by responsible investment principles.
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Henderson prepares for two-tier sustainability
UK – Henderson Global Investors is aiming to “future proof” its UK real estate assets against the emergence of a sustainability-led two-tier market, the fund manager announced today in its first responsible investment report (RPI).
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Sustainable investment boosted by UNEPFI toolkit
GLOBAL - A new toolkit to guide investors through the process of investing in property in a sustainable manner has been launched by the Property Working Group (PWG) of the United Nations Environment Programme Finance Initiative (UNEP FI).
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Financial performance is linked to ESG - research
EUROPE - Most European real estate fund managers believe there is a relationship between environmental performance and financial returns, according to a survey by the UK’s Environment Agency Pension Fund and Aviva Investors.
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Sustainability catches eye of pension funds
UNITED STATES - The Bond Companies has pending investments from two pension funds for its sustainability fund as the Los Angeles Department of Water and Power Pension Fund and the Teacher Retirement System for the State of Illinois have both allocated $20m (€15.3m).
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APG makes sustainability call to pension funds
EUROPE - APG Investments, asset manager for the ABP pension fund, is planning to launch a global real estate sustainability survey with the University of Maastricht.
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Asia more willing to embrace sustainability - study
ASIA PACIFIC – Corporate real estate professionals in Asia Pacific are more eager to continue investing in sustainability than their global peers, according to a survey by Jones Lang LaSalle (JLL) and CoreNet Global.
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TIAA-CREF sees gains in sustainability
UNITED STATES – TIAA-CREF Global Real Estate’s energy benchmarking initiative has helped increase the real estate portfolio’s value by improving energy intensity by 3.6%.
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Sustainability evaluation is still lacking - CBRE
GLOBAL – Sustainability continues to be a major priority for the real estate industry but more should be done to measure and evaluate green buildings and their costs, claims research by CB Richard Ellis (CBRE).