As a GRESB Investor Member, we received our portfolio analysis report and result for 2022. We are pleased to announce that SFP AST Global Core Property achieved a score of 86 out of a possible 100 points. Our score remained stable year-over-year and is 12 points higher than the GRESB average score of 74, which improved by 1 point.
We performed especially well in the “Performance” (56 out of 70 points) and “Management” (30 out of 30 points) categories. Moreover, the product outperformed the GRESB average and peer group average on the environmental, social, and governance components. We secured the following results in the ESG breakdown segment: 48/62 on environment (vs. GRESB average of 40); 18/18 on social (vs. GRESB average of 16); and 19/20 on governance (vs. GRESB average of 18).
After a solid reduction of energy usage, greenhouse gas emissions, and water usage in the prior assessment year, the funds we are invested in were successful in reducing these levels further. All underlying funds outperformed the GRESB average score along with their respective peer group scores. As the first GRESB-certified globally investing, core real estate multi-manager product in Switzerland, we continuously seek to improve our ESG approach. The GRESB report and results facilitate us in doing so.
SFP AST Global Core Property offers Swiss pension funds a global, diversified portfolio of core, unlisted real estate funds with an emphasis on ESG. The target funds invest in high-quality properties in top locations, with high occupancy rates, long weighted average unexpired lease terms, and conservative financing approaches.
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Senior Portfolio Manager
SFP AST Global Core Property