ISPT takes a broad approach to GRESB reporting
Received by the ISPT 50 Lonsdale Street Property Trust and the ISPT Core Fund
The ISPT 50 Lonsdale Street Property Trust (50 Lonsdale) and the ISPT Core Fund received GRESB 5 Star ratings for 2018, which represents the highest rating available and an industry leadership position.
50 Lonsdale was ranked 8th in the Australian region in the office category and 44th (out of 874) global property funds. The ISPT Core Fund received a top quartile ranking amongst global property funds.
In line with our commitment to owning a sustainable portfolio, the ISPT Retail Australia Property Trust was rated for the first time and has received a GRESB 3 Star rating. This provides an important benchmark to assess current performance and has helped us to identify improvement opportunities going forward.
Marcus Hanlon, Executive General Manager, Property Operations and Service Strategy said: “ISPT is committed to sustainability, where consideration of environmental, social and governance initiatives is at the heart of everything we do. We believe that applying these principles in all our practices creates shared value for our team, business partners and customers, while delivering strong returns for our Investors. As we continue to drive sustainability outcomes across our portfolio, it is pleasing to see this progress reflected in improved GRESB scores across the board for our funds.”