Each year, GRESB assesses and benchmarks the ESG performance of real assets worldwide. Overall fund participation grew by 20% this year to 1,820 listed and non-listed portfolios, generating a benchmark that covers USD6.9 trillion of AUM across 74 countries. Significant growth was focused in the Americas (30%) and Europe (16%). Information on the 2022 GRESB Real Estate results can be found at GRESB.com.
About Principal Asset ManagementSM
With public and private market capabilities across all asset classes, Principal Asset ManagementSM and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.2 Its dedicated real estate investment team manages or sub-advises $98.5 billion in commercial real estate assets.2 The firm’s real estate capabilities include both public and private equity and debt investment alternatives.
Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $484.6 billion in assets2 and recognized as a Top 10 “Best Places to Work in Money Management3” for 10 consecutive years. Learn more at www.PrincipalAM.com.
GRESB is a global ESG benchmark for real estate assets. The ratings exhibit the commitment of Principal Asset Management to integrating ESG standards into its investment practices while pursuing positive financial results for clients. In order to receive a ranking, the Firm paid GRESB an application fee to be evaluated and use the ranking.
Environmental, social and governance responsible investing (ESG) is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised, will reflect the beliefs or values of any one particular investor. ESG criteria may present additional advantages or risks and does not protect against market risks or volatility. You should not make any investment assumptions based solely on the information contained herein. There is no assurance that the socially responsible investing strategy and techniques employed will be successful.
1 The GRESB star rating is a relative score that ranks all GRESB participants worldwide, broken up into quintiles. Therefore, a GRESB 4-star score indicates performance within the top 40% of all participants.
2 As of September 30, 2022
3 Pensions & Investments, “The Best Places to Work in Money Management”, December 13, 2021.
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