real estate news

Sunlight Real Estate Investment Trust Achieves a Four-Star Rating in GRESB Assessment

By GeoSquare News Desk · Published 2024-10-14

HONG KONG SAR – Media OutReach Newswire – 14 October 2024 – Henderson Sunlight Asset Management Limited (the “Manager”) is pleased to announce that Sunlight Real Estate Investment Trust (Sunlight REIT) has achieved a four-star rating in the 2024 GRESB Real Estate Assessment. This prestigious rating is a testament to Sunlight REIT’s strong commitment to ESG principles in the real estate sector.

Mr. Wu Shiu Kee, Keith, the Chief Executive Officer of the Manager, expressed his satisfaction with the recognition. “We are delighted and honoured to have received a four-star rating in the latest GRESB Assessment. This recognition underscores the Manager’s unwavering commitment to advancing sustainability by integrating ESG values into the management and operations of Sunlight REIT. As a responsible landlord, we will continue to strive for a balance between profit, planet, and people, and foster a culture of care and innovation. Our goal is to transition into a low-carbon economy and create shared values for all our stakeholders,” he said.

The Manager has also announced changes to the financial year-end date of Sunlight REIT, which has been moved from 30 June to 31 December. As a result, the next sustainability report will cover an 18-month period from 1 July 2023 to 31 December 2024. To keep stakeholders informed, the Manager will soon upload an interim sustainability review to the corporate website, providing a snapshot of Sunlight REIT’s sustainability performance for the 12 months ending 30 June 2024.

GRESB, a mission-driven and industry-led organization, provides a rigorous methodology and consistent framework to measure the ESG performance of real estate assets and portfolios. In 2023, over 2,000 property companies, REITs, funds, and developers, with US7.2 trillion in assets, participated in the GRESB Assessment, covering more than 170,000 assets across 75 countries. Sunlight REIT has been participating in the GRESB Assessment since 2022.

Sunlight REIT’s commitment to sustainability is evident in its ongoing efforts to reduce environmental impact, enhance social responsibility, and implement robust governance practices. The achievement of a four-star rating in the GRESB Assessment is a significant milestone in its journey towards becoming a leader in sustainable real estate investment.