🌟 We are pleased to announce that OUE REIT has been awarded a four-star rating with an improved overall score of 82 points in the 2024 Global Real Estate Sustainability Benchmark (“GRESB”) assessment. This achievement demonstrates OUE REIT’s significant progress in its #ESG initiatives through various asset and capital management strategies.
Mr Han Khim Siew, Chief Executive Officer and Executive Director of the Manager, said, “We are pleased to have achieved a four-star rating in the 2024 GRESB assessment this year, up from three-stars last year. This improvement is a strong testament to the REIT’s continued efforts to enhance its ESG standards and practices. ESG is not just a societal imperative but also one of the greatest commercial opportunities for OUE REIT. To reflect our dedication to advancing #sustainability, we recalibrated our ESG targets in February with a goal to reduce absolute Scope 1 and 2 greenhouse gas emission by 40% for our commercial properties by FY 2030. Looking ahead, we will continue to improve our ESG performance by further integrating climate, people and community considerations into portfolio strategies, stewardship and governance structure.”
Read more here: https://lnkd.in/g7zywuN3
#ouereit #reits #gresb #singapore #hotels #offices #retail #realestate
Partner, Duane Morris - Real Estate, Opportunity Zones, P-3, Energy, Environment and Sustainability Groups, LEED-AP O+M
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