Summus Capital applied for GRESB Certification
Baltic real estate owner Summus Capital applied for the first time for GRESB Certification. GRESB is an international organization that assesses sustainable investment activities and real estate owners’ green and sustainability policies in the field of ESG (Environmental, Social, and Governance).
ESG expert asset manager Green Formula Capital (GFC) assisted Summus Capital with this application. GFC also created and has been managing a full-range ESG program for Summus Capital.
Board Member of GFC Meelis Sokman said: “We are glad to work with a client who has such foreseeing vision on sustainably doing business. We focus on ESG full-service, which means everything from building certificates (e.g. BREEAM, LEED, etc.) to strict internal policies and action groups. Today, more companies are looking for sustainable sources due to the increase in energy prices. Now is the right time to review your strategy regarding renewables”.
Hannes Pihl, Management Board Member of Summus Capital added:
“GRESB certification is part of our sustainability and ESG program. We have set ourselves long-term goals, our real estate portfolio and its management, tenants and customers are part of an ecosystem which footprint we can influence. It is good to have a framework to help us evaluate such activities.”
GRESB (Global Real Estate Sustainability Benchmark) is an organization that produces internationally recognized benchmarks to track the environmental, social and governance (ESG) performance of commercial real estate and infrastructure.
More than 1500 property companies, real estate investment trusts (REITs) and funds participated in the real estate benchmark, with over 120 investors using GRESB data to stay informed on their investments and make decisions relating to the ESG performance of their portfolio. The asset value covered by GRESB in 2021 was more than USD 5.3 trillion.