LaSalle Investment Management (“LaSalle”) is pleased to announce it has earned high marks across two industry-recognized global environmental, social and governance (ESG) benchmarks for asset managers, and has formally expressed its support for the Task Force on Climate-related Financial Disclosures (TCFD).
Within the 2019 Global Real Estate Sustainability Benchmark (GRESB), six of the firm’s commingled funds, its listed REIT in Japan, and three separate account mandates across Asia, Europe, and North America have been recognized for environmental sustainability. Across these 10 submissions, the firm achieved one 5-star, six 4-Star and three 3-star GRESB Ratings. 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 in aggregate experiencing meaningful year-over-year improvements in both segments relative to 2018 results.
LaSalle products recognized within the 2019 GRESB include:
- JLL Income Property Trust
- LaSalle Asia Opportunity Fund V
- LaSalle Canada Property Fund
- LaSalle E-REGI
- LaSalle Logiport REIT
- LaSalle Property Fund
Additionally, two of LaSalle’s separate accounts based in France and a U.S.-managed separate account mandate were also recognized by GRESB for their performance in these areas.
LaSalle also achieved favorable results from its 2019 United Nations ‘Principles for Responsible Investment’ (UN PRI) Assessment Report, maintaining the strong relative performance since becoming an official signatory of the program in 2009. The UN PRI Assessment Report is a key global benchmark that assesses asset managers’ ESG integration into decision making and ownership practices. The assessment reviewed over 1,000 participants, including all major global asset managers who complete a Strategy & Governance module and modules specific to their sector.
LaSalle UN PRI Assessment Report results (relative to median real estate industry score):
- Strategy & Governance: A+ (median: A)
- Listed Equity – Incorporation: A (median: B)
- Listed Equity – Active Ownership: B (median: B)
- Property: A+ (median: B)
LaSalle has also formally expressed its supporter for the Task Force on Climate-related Financial Disclosures (TCFD), joining a cohort of over 800 leading companies that take action against climate change and are thoughtful to consider how climate change will impact their businesses. LaSalle continues to develop the tools and indicators required to assess exposures to the risk and opportunities presented by climate change.
Eric Duchon, Global Head of Sustainability at LaSalle commented: “I am pleased with the continued progress of our assets and portfolios in relation to our overall ESG and climate-related objectives, as evidenced by the advancement of our GRESB and UN PRI ratings and support for the TCFD. In tandem with the focus of driving investment performance for our clients, we remain committed to improving levels of sustainability, transparency and corporate governance across our business, and are dedicated to making a positive impact on the communities where we operate around the world.”
These recent achievements add to LaSalle’s track record of ESG best practices and distinctions. Clients and industry organizations continue to recognize LaSalle for ESG leadership and maintaining its distinction as an employer of choice. LaSalle has received the following awards and designations within the last 24 months:
- 2019 Energy Star Partner of the Year Award
- 2019 Green Lease Leaders
- Energy Star Charter Tenant
- P&I Best Places to Work in Money Management
GRESB is an industry-driven organization transforming the way capital markets assess the environmental, social and governance (ESG) performance of real asset investments. More than 900 property companies and funds, jointly representing more than USD 3.6 trillion in assets under management, participated in the 2018 GRESB Real Estate Assessment. The Infrastructure Assessment covered 75 funds and 280 assets, and 25 portfolios complete the Debt Assessment. GRESB data and analytical tools are used by more than 75 institutional and retail investors, including pension funds and insurance companies, collectively representing over USD 18 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. For more information about GRESB and its ESG benchmarking and reporting for real estate, please visit https://gresb.com/gresb-real-estate-assessment/.
About the PRI
The PRI is the world’s leading proponent of responsible investment. It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole. The PRI encourages investors to use responsible investment to enhance returns and better manage risks, but does not operate for its own profit; it engages with global policymakers but is not associated with any government; it is supported by, but not part of, the United Nations. For more information about UN PRI and its ESG benchmarking and reporting for real estate, please visit https://www.unpri.org/.
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 $77 billion of assets in private equity, debt and public real estate investments as of Q4 2021. 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.