GRESB, an international organization that assesses sustainable investment activities, awarded EfTEN Real Estate Fund 4 with a rating of four out of five in recognition of the fund\u2019s green and sustainability policies in the field of ESG.<\/p>\n
\u201cGRESB (Global Real Estate Sustainability Benchmark) is without a doubt the number one global ESG benchmark for real estate funds, investors and managers. Although ESG has always been part of EfTEN\u2019s actions, we have taken an emphasized approach recently, and it all has helped EfTEN Real Estate Fund 4 become the first green real estate fund in the Baltics,\u201d said Viljar Arakas, CEO of EfTEN Capital AS.<\/p>\n
For example, EfTEN Real Estate Fund 4\u2019s portfolio includes SBA logistics & production site in Klaip\u0117da, the greenest warehouse and production facility in the Baltics.<\/p>\n
\u201cFor EfTEN, ESG in real estate is all about saving energy, improving living and working conditions for our tenants, and engaging them and the community. It means everything from building certificates (e.g. BREEAM, LEED, etc.) to strict internal policies and action groups such as our regular ESG Committee,\u201d Arakas added.<\/p>\n
Especially due to the current increase in energy prices, the focus on renewables and sustainable energy consumption is of special significance, for lower energy costs go hand in hand with reduced emissions.<\/p>\n
In the second year in the GRESB system, EfTEN Real Estate Fund 4 has increased its score and now received four stars out of a possible five, ranking 11th<\/sup> in performance score among 210 funds in Europe.<\/p>\n GRESB collects, validates, scores and benchmarks ESG data to provide business intelligence, engagement tools and regulatory reporting solutions. All over the world, 140 institutional investors and more than 1,500 real estate fund managers and companies, covering up to 117,000 of assets or $5.7 trillion of assets under management, are using GRESB.<\/p>\n GRESB possesses all the ESG-related information of all the top players on the market, which means that they know everything starting from the investment process, ESG policies, and green lease agreements to the satisfaction surveys of tenants and employees. GRESB knows how much energy, gas and water each of portfolio\u2019s properties consumes, and even how much waste is collected each year.<\/p>\n","protected":false},"excerpt":{"rendered":" GRESB, an international organization that assesses sustainable investment activities, awarded EfTEN Real Estate Fund 4 with a rating of four out of five in recognition of the fund\u2019s green and sustainability policies in the field of ESG. \u201cGRESB (Global Real Estate Sustainability Benchmark) is without a doubt the number one global ESG benchmark for real […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":["post-6301","post","type-post","status-publish","format-standard","hentry","category-eften-real-estate-fund-4-news"],"yoast_head":"\n