2020 GRESB Highlights
As we continue to raise the bar on our ESG performance globally, we’re pleased to share the results of our 2020 GRESB Real Estate Assessment.
We are proud to announce our commitment to reduce operational carbon emissions of our global portfolio of managed properties to net zero by 2050 – in alignment with the Urban Land Institute’s (ULI) Greenprint Center for Building Performance Net Zero Carbon goal.
We’re committed to being a part of the solution by helping the world address our biggest climate challenges.
Our annual report highlights PGIM Real Estate's efforts to govern and operate an environmentally and socially responsible real estate investment platform.
Our environmental commitment is global and shared by all of our employees. By applying responsible resource reduction strategies, we enhance our environmental performance as well as our investment performance. We advocate for operating practices, materials and construction methods that protect human health and preserve biodiversity, increase use of sustainable materials and renewable energy and reduce CO2 emissions.
Building on the strong foundation established by our parent company, we have always maintained a deep commitment to the global communities in which we invest and operate. In addition to corporate grants and charitable contributions, we make employee volunteering a priority – dedicating time, skills and resources to increase human potential, self-sufficiency, diversity and inclusion. We aim to engage with all of our stakeholders to achieve our purpose: helping people grow and protect their wealth.
ESG issues are foundational to our investment analysis and due diligence processes, which include a rigorous underwriting regimen, risk management evaluation and approval processes. We operate within a framework of policies, procedures, principles and practices established by our parent company to ensure all of its businesses embrace corporate responsibility, accountability, ethics, integrity and transparency in their stakeholder relationships. We report the ESG performance of our funds to our investors on an annual basis.