Vital has been acknowledged as a global sustainability leader by GRESB
We are pleased to announce that Vital Healthcare Property Trust has again been recognised as a Global Sector Leader for Developments in the Global Real Estate Sustainability Benchmark (GRESB) for 2024. This is the second consecutive year that our commitment to sustainability and excellence in healthcare real estate has been acknowledged at the highest level.
This recognition highlights our ongoing commitment and dedication to environmental, social and governance (ESG) practices across our portfolio. Our efforts in developing and maintaining sustainable, energy-efficient and resilient healthcare properties are showcased through this achievement.
GRESB’s CEO, Sebastien Roussotte said “GRESB Sector Leaders help set the pace for the industry, leading the way towards a more sustainable future. We are both proud of and encouraged by this year’s Sector Leaders for their dedication, leadership, and commitment to ESG principles and sustainability.”
According to GRESB, the 2024 Real Estate benchmark introduced higher standards and adjustments to better address critical ESG issues, reflecting the changing demands of investors, managers and stakeholders. Vital’s consistent strong results demonstrate our ongoing commitment to long-term sustainability goals:
Standing Investments Peer Group Rankings
• Overall Score: 4 stars, 82/100 (average is 76/100)
• Second place GRESB score within Healthcare Listed globally (out of 18 peers)
• Second place Performance score within Healthcare Listed globally (out of 18 peers)
Developments Peer Group Rankings
• Overall Score: 5 stars, 99/100 (average is 86/100)
• First Place Development score within Healthcare Listed global (out of 7 peers)
• First Place Developments score within Oceania Listed (out of 12 peers)
• First Place GRESB score within Oceania Listed (out of 12 peers)
Vital’s Fund Manager, Aaron Hockly says: “As the leading global real estate benchmark, GRESB allows us to assess our performance against industry peers at both the asset and portfolio levels. It offers valuable insights into the trajectory of our ESG strategy and helps us evaluate our progress in key focus areas, aligning with our five-year strategic plan. It is encouraging to see we are continuing on the right path towards sustainable healthcare real estate while creating positive value for our unitholders, tenant partners and the communities in which we operate.”
GRESB is a leading global framework that assesses the ESG performance of real estate and infrastructure portfolios. It provides in-depth benchmarking of sustainability efforts, allowing organisations to measure their performance against industry peers and track their progress toward sustainability goals.
This year’s Real Estate Assessment saw a record 2,223 listed and non-listed portfolios participate, generating a benchmark that covers USD 7 trillion of gross asset value (GAV) across 80 markets.