News

PRAXI becomes an official GRESB Member

PRAXI takes another step in contributing to the zero emissions goal and to a more sustainable planet by becoming an official Partner of GRESB.

Founded in 2009, the Global Real Estate Sustainability Benchmark (GRESB) is the environmental, social and governance (ESG) standard of reference for real estate investors, developers and managers around the world.

The GRESB assessment requires the collection of extensive entity and asset level data, which is subjected to a rigorous analysis to certify compliance with ESG principles. The three benchmarking dimensions of the GRESB Assessment (Management, Performance and Development), provide companies with a clear and detailed representation of peer performance, making the GRESB benchmark a formidable tool that supports the definition of transition plans and the continuous improvement of portfolios.

Not only does the GRESB Assessment provide transparency and comparability of ESG performance across real estate and infrastructure assets, the rating system is designed to identify areas of improvements across the entire ESG spectrum. 

Thanks to experience, PRAXI stands ready to assist clients in the collection of data and preparation for the GRESB Assessment. 

"Over the past two years, the number of GRESB participants in Italy has grown exponentially, reflecting the strong and growing commitment to sustainability in the country," said Anna Olink, GRESB's Business Development Director. We are excited to welcome Praxi as a new regional partner to help Italian members make the most of their participation." 

Alfredo Romano, ESG Senior Advisor PRAXI adds: "Thanks to the partnership with GRESB, that provides a broad roadmap towards Net-Zero 2050, we can support our clients with competence and dedication.  Immediate opportunities include defining transition plans that fully integrate sustainability into the core business strategy and processes that will enhance portfolio assets. We face a long and complex journey that will yield more responsible investors and managers, attentive to the creation of true long-term sustainable value.”

GRESB is a mission driven and investor led organization providing standardized and validated Environmental, Social and Governance (ESG) data to the capital markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world. The 2021 real estate benchmark covers more than 1,500 property companies, real estate investment trusts (REITs), funds, and developers. Our coverage for infrastructure includes more than 700 infrastructure funds and assets. Combined, GRESB represents US $5.7 trillion in real asset value. The reported ESG data is used by more than 130 institutional and financial investors to monitor investments across portfolios and understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future.

For further information:
Alfredo Romano - ESG Senior Advisor PRAXI
alfredo.romano@praxi.praxi
+39 02 43002