Corio wins two sustainability awards

Corio wins two sustainability awards

Corio received the award for most sustainable listed real estate fund in the Netherlands on 28 November 2012 from VDBO. The award is a recognition of Corio’s sustainability performance in the VBDO/GRESB sustainable real estate benchmark 2012. In addition, Corio also received the Green Brick Award (Groene Baksteen) on 18 September 2012 at the Jones Lang Lasalle congress, which was granted for outstanding sustainability performance.

Gerard Groener, CEO: “In today’s rapidly changing world, maintaining sustainable economic results cannot be seen separately from showing consistent performance in social and environmental matters. We do not operate in isolation. Our business needs to reinvent itself, to innovate, in order to stay relevant socially and economically. The business case for our CSR approach is clear and persuasive. It helps us to connect with consumers and to understand and respond to their demands. This gives us the possibility to sustain high occupancy levels and increase footfall. A robust approach towards environmental footprint reduction makes our operations more cost effective, prepares us for future legislative challenges and paves the way to innovative approaches in terms of sustainable design and new collaborative models.”

The Green Brick is based on the performance in the Global Real Estate Sustainability Benchmark (GRESB) 2012. Corio moved from the section “Green Talk” to the section “Green Star” in the GRESB 2012 based on the strong improvement in execution of its sustainability strategy and the commitment of senior management. Corio was also acknowledged for its integral and unique approach to social performance and community relations.

In addition, Corio’s inclusion in several leading benchmarks has recently been renewed. Corio is included in the Dow Jones Sustainability Index 2012 Europe and World edition and is therefore part of the top 15% most sustainable real estate companies globally.

Global Real Estate Sustainability Benchmark (GRESB)

GRESB is an industry-led organization committed to rigorous and independent evaluation of the sustainability performance of real estate portfolios. GRESB works in tandem with institutional investors and their portfolio managers to identify and implement sustainability best practices in order to enhance and protect shareholder value. For more information: www.gresb.com

The Dutch Association of Investors for Sustainable Development (VBDO)

VBDO is the only Dutch association of investors which explicitly focuses on a sustainable society. In VBDO’s articles of associations it says that the aim is ‘to promote the interests of corporate and private investors who want to contribute to sustainability’. In practice, this means that VBDO anticipates in public debates on sustainability. As VBDO represents mainly investors, it conducts engagement with listed companies and corporate investors such as pension funds. With nearly 600 members, VBDO has become a powerful member of debates.

For more information: www.vbdo.nl.

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