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Business Times
01-06-2025
- Business
- Business Times
Stoneweg European Reit outperforms global peers in sustainability rankings: report
[SINGAPORE] Mainboard-listed Stoneweg European Real Estate Investment Trust (Sert) bagged an above-average overall score and a four-star rating in a widely recognised environmental, social and governance (ESG) benchmarking framework for property investment. The trust's manager announced the release of its 2024 sustainability report last Thursday (May 29). The report details its progress across key ESG metrics with two years of externally assured performance data from 2023 and 2024. This marks Sert's seventh consecutive year of participating in the GRESB Real Estate Assessment, with GRESB seen as the global standard for listed property companies, private funds, developers and direct real estate investors. The benchmark covers 15 sectors across 80 markets, with a 15 per cent increase in participation from Asia. Last year, 2,223 participants submitted ESG data through GRESB, representing US$7 trillion in gross asset value. Despite methodology changes that bumped down many participants' scores, the trust retained its four-star rating and secured an overall score that is 9 per cent above the global average, said the more than 100-page report. A NEWSLETTER FOR YOU Friday, 12.30 pm ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up Sign Up The trust earned full marks in the performance aspects of targets as well as data monitoring and review, but did the worst in the areas of waste (50.2), water (59.4) and energy (62.6). Under the five management categories, Sert received a perfect score in leadership, policies, reporting and stakeholder engagement, but lagged in risk management (86.8). Said the manager's chief executive officer and executive director Simon Garing: 'ESG is no longer a nice-to-have. It is part of how we access capital, attract tenants, meet regulatory expectations and build long-term value.' He added that the manager's ambition for net zero operational carbon emissions by 2040 guides its investments, management and engagement. 'Multiple years of comparable portfolio environmental data give us better insight, and with our ESG automated artificial intelligence-powered system Deepki roll-out fully implemented, we're accelerating progress in planning and implementing consumption and emissions reduction solutions,' concluded Garing. Other environmental achievements listed in the report include a 25.3 per cent decrease in waste intensity since 2019; a 24.9 per cent drop in absolute greenhouse gas emissions intensity since 2019; an 11 per cent fall in absolute water intensity year-on-year in 2024; as well as a 3.9 per cent dip in absolute energy intensity since 2019. Under the social/stakeholders arm, each employee in 2024 received some 22.6 training hours, exceeding its set target of 20 hours. Around 36 per cent of its employees are female. In 2023, women represented 25 per cent of executive management and 50 per cent of senior management. On the governance front, Sert maintained a clean compliance record and remained in the top 10 of the Singapore Governance and Transparency Index for the fifth consecutive year. The trust also maintained its A- rating in the 2024 GRESB Public Disclosure Assessment, bagging a perfect score and ranking first out of five in its mixed office/industrial peer group, said the report. The release noted that the trust's manager raised 500 million euros (S$732.6 million) via a senior unsecured green bond issued under Sert's green financing framework in 2024. The transaction was more than four times oversubscribed and attracted over 100 institutional investors, it added. Sert's manager will continue to focus on the fundamentals of managing risk, supporting tenant needs, enhancing asset performance and acting responsibly on climate and govenrance, said the report. Sert currently has about 86 per cent exposure to Western Europe and about 56 per cent to the light industrial/logistics sector, where it has a medium-term goal of increasing exposure to at least a vast majority weighting. The trust's portfolio is valued at 2.2 billion euros and comprises more than 100 predominantly freehold properties in or close to major gateway cities in the Netherlands, Italy, France, Poland, Germany, Finland, Denmark, Slovakia, Czech Republic and the United Kingdom. Sert's portfolio spans a total lettable area of around 1.7 million sq m, and serves more than 800 tenant-customers. Its manager is part of SWI Group, an alternative investment platform specialising in real estate, data centres, credit and the financial sectors.
Associated Press
18-02-2025
- Business
- Associated Press
Deepki consolidates growth and continues to revolutionise the real estate sector through innovation
Deepki, the most trusted ESG solution for real estate, has marked its tenth year since inception with another year of impact, innovation and growth. Strong commercial and financial performance and rapid internationalization Since raising €150 million in Series C funding in 2022, Deepki maintained its strong performance despite a difficult economic environment for the real estate sector. It doubled its revenues in both 2022 and over the period 2023-24, reflecting steady growth. Deepki's performance in 2024 was driven by new client wins and strong organic growth through existing clients and expanded partnerships. This strong performance consolidates Deepki's position as the leading and most reliable ESG solution in the real estate sector. Through its single platform, Deepki currently supports over 500 customers and more than 50,000 users, monitoring ESG performance for over €4 trillion in assets under management (AUM) in over 80 countries. Deepki has partnered with 53 of the world's 150 biggest real estate investment managers, reinforcing its strong international presence and will shortly be opening additional offices globally. Employing over 400 people, Deepki empowers its clients to manage decarbonization across more than 60 asset types. Its groundbreaking, AI-based, ISAE-certified platform integrates energy efficiency and climate resilience with operational and embodied carbon strategies for existing and new buildings. By using this innovative and complete solution, clients save time, navigate regulatory requirements pragmatically, and identify, implement and monitor carbon-profitable, revenue-generating investments. Cutting-edge technological breakthroughs and audit-ready data Deepki has strengthened its market leadership through continuous AI-driven innovation, leveraging the world's largest and most reliable ESG Real Estate database. Its Virtual Retrofit technology enables Asset Managers and building users to remotely identify and assess Energy and Carbon Conservation Measures, facilitating the development of large-scale retrofit investment plans and helping them make informed investment decisions, while enhancing asset value. Deepki is also the world's first and only ESG data intelligence platform to achieve ISAE 3000 attestation. Vincent Bryant, CEO and Co-founder of Deepki, comments: 'Commercial real estate players require a single platform to manage all aspects of ESG, from decarbonization and climate adaptation to social impact and compliance, along with seamless integration with adjacent technologies. Deepki's strong performance in 2024 is a direct result of its positioning as a trusted ESG one-stop shop, empowering businesses to achieve their sustainability targets while enhancing asset value.'
