LaSalle Earns Eight Green Stars in 2017 GRESB Real Estate Survey
CHICAGO (September 27, 2017) — Commingled Funds and Separate Accounts across Asia, Europe and the U.S. Recognized for Leadership in Environmental Sustainability LaSalle Investment Management (“LaSalle”) is pleased to announce that it has earned eight Green Stars across its global business, in the 2017 Global Real Estate Sustainability Benchmark (GRESB), an industry-recognized global ESG measure for real asset investments. In order to achieve a Green Star, a GRESB Assessment participant must meet score thresholds in both Management & Policy as well as Implementation & Measurement categories. With these results, LaSalle is seeing significant year-over-year improvements in both segments.
The LaSalle funds that were recognized for having strong sustainability policies in place and achieving measurable success in implementation include: LaSalle Japan Logistics Fund III; LaSalle Asia Opportunity Fund IV; LaSalle Logiport REIT; Encore+ (Pan-European Open-End Core Fund); and LaSalle Property Fund (U.S. Open-End Core Fund). Two of LaSalle’s separate accounts based in France and a U.S.-managed separate account mandate were also recognized for their performance in these areas.
Eric Duchon, Global Head of Sustainability at LaSalle commented, “We are extremely proud to have received multiple Green Stars for our commitment to sustainability across our global portfolio. Our teams have incorporated higher standards and implementation best practices in order to make sustainability a priority, while upholding our commitment to deliver superior investment performance for our clients. Our success is clearly reflected in the significant improvement we achieved in this year’s assessment compared to our 2016 results.”
GRESB is an industry-driven organization transforming the way capital markets assess the environmental, social and governance (ESG) performance of real asset investments. 850 property companies and funds, jointly representing more than USD 3.7 trillion in assets under management, participate in the GRESB Real Estate Assessment. The Infrastructure Assessment covers 64 funds and 160 assets, and 25 portfolios complete the Debt Assessment. GRESB data and analytical tools are used by 66 institutional and retail investors, including pension funds and insurance companies, collectively representing over USD 17 trillion in institutional capital, to engage with investment managers to enhance and protect shareholder value. Greater transparency on ESG issues has become the norm, with GRESB widely recognized as the global ESG benchmark for real assets.
About LaSalle Investment Management
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, we manage approximately $71 billion of assets in private equity, debt and public real estate investments as of Q4 2020. The firm sponsors a complete range of investment vehicles including open- and closed-end funds, separate accounts and indirect investments. Our diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. For more information please visit www.lasalle.com and LinkedIn.
NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.