Rigorous Risk Management
We carefully consider ESG issues as part of our rigorous investment analysis and due diligence processes. We screen partners for potential conflicts of interest and ensure that our asset management protocols and regulatory reviews maximize value for our investors. We have implemented Sustainable Standard Operating Guidelines (SSOG) to reduce energy use, benchmark properties for energy use and assess how best to improve property performance.
In addition to evaluating new acquisitions, we perform environmental and social due diligence for our existing assets to identify and prioritize needed improvements where needed.
Measuring Our Progress
We demonstrate our commitment to accountability and integrity by voluntarily reporting our ESG progress to the Principles for Responsible Investment (PRI) and GRESB as performance markers for assessing and improving our performance, raising awareness with stakeholders and providing our investors with increased transparency.
See the results in our Annual Report.
Sustainable Development Goals
PGIM Real Estate’s ESG program aligns with all 17 of the SDGs adopted by the United Nations Member States in 2015 as part of the 2030 Agenda for Sustainable Development.
The SDGs set forth a clear blueprint of actions for a more sustainable future, with peace and prosperity for all.
Review how PGIM Real Estate’s ESG program framework embraces and aligns with the SDGs.
CONTINUALLY STRENGTHENING OUR GOVERNANCE*
- A+UNPRI Strategy & Governance for 4 Consecutive Years
- 71%Global Equity AUM Earned GRESB 4-Star, 5-Star and/or Sector Leader Designations
- 17U.N. Sustainable Development Goals Align with ESG Program Strategies, Targets and Initiatives
* All data points as of December 2020.