Sustainability Committee
Goal
To establish a unified view of ESG, increasing understanding of all three aspects, environmental, social and governance, and to promote robust standards of corporate governance that integrate all these aspects for non-listed real estate vehicles. This will help the industry more effectively integrate ESG factors into the real estate investment decision-making process.
Key objectives
- Emphasise importance of environmental measures, sustainability goals and performance, at both a vehicle and asset level.
- Raise awareness of and contribute to harmonizing ESG standards and best practices in real estate markets.
- Increase understanding and awareness of corporate governance and social aspects that impact the industry.
- Implement and promote common and workable standards of corporate governance for non-listed real estate vehicles.
Committee members
| Name | Company | Country |
|---|---|---|
| Steve Goossens (Chair) | APG Asset Management | The Netherlands |
| Stan Bertram | PGGM N.V. | Netherlands |
| Katie Cappola | Madison International Realty LLC | United States of America |
| Daniel Chang | Hines | United Kingdom |
| Helen Gurfel | CBRE Investment Management | United States of America |
| Bozena Jankowska | Slate Asset Management (Europe) Limited | United Kingdom |
| Hannamari Koivula | Antilooppi | Finland |
| Miriam Kittinger | Swiss Life Asset Managers (FM) | Switzerland |
| John Levy | Franklin Templeton Real Asset Advisors | United States of America |
| Karim Nasr | UBS AG | United Kingdom |
| Georgie Nelson | abrdn (FM) | United Kingdom |
| Catherina Paul | Bayerische Versorgungskammer | Germany |
| Aneta Rusiniak | Invesco Real Estate Europe | United Kingdom |
| Ana Maria Sechel | Germany | |
| Julie Townsend | PGIM Real Estate | United Kingdom |
| Martijn Vlasveld | Edmond de Rothschild REIM (UK) Limited | The Netherlands |
Related Information
INREV Sustainability Guidelines
The value of Sustainability is that it ensures organisations consider their impacts on sustainability issues, and enables them to be transparent about the issues they face. This increased transparency leads to better decision making, which helps build and maintain a sustainable real estate sector.
Case Study Library
The Case Study Library showcases and highlights best practice examples in the non-listed real estate industry in Europe.
INREV highlight the importance of ESG within the industry by encouraging investors and investment managers to have meaningful dialogue and resources.
Sustainability Theme Page
Sustainability issues in non-listed real estate investments have become an essential element in the decision making process of investors. This theme page brings all our sustainability resources, guidance and insights together in one place.
ESG SDDS
The ESG SDDS standardises the disclosure and reporting of ESG KPIs for vehicles and portfolios. With machine-readable labels, it has the potential to streamline ESG information exchange through automation. The complementary Wiring guide provides detailed definitions, specifications, and practical examples to ensure consistent interpretation and data delivery.
Environmental considerations in underwriting
Investors and managers across Europe are setting ambitious ESG strategies, however, they struggle to translate those strategies into tangible financial outcomes. INREV has assembled a dedicated ESG Valuations Focus Group to bridge this gap by helping the industry better understand how ESG goals impact underwriting inputs and expected returns.