Friday, December 9, 2022

Principal Asset ManagementSM actual property methods rating extremely for integrating ESG components into funding practices

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DES MOINES, Iowa–()–Principal Asset AdministrationSM introduced at present that its U.S. actual property core technique and two European actual property core property methods obtained 4-star rankings in 2022 from the International Actual Property Sustainability Benchmark (GRESB). The rankings place all three methods within the high 40% of GRESB contributors worldwide1 and exhibit a long-standing dedication to combine Environmental, Social, and Governance (ESG) requirements into its actual property funding practices whereas pursuing optimistic monetary outcomes for shoppers. 9 methods additionally obtained the green-star score, which is awarded to entities with scores increased than 50 on each the implementation and measurement, and the administration and coverage sections.

That is the seventh consecutive 12 months the U.S. core technique has earned a 4-star score from GRESB.

“Principal Asset Administration continues to evolve its social and governance practices as traders place elevated emphasis on ESG integration inside their monetary and danger administration technique,” mentioned Jennifer McConkey, managing director of ESG and operations, actual property. “Our sturdy GRESB efficiency over the previous seven years is proof of the success of our Pillars of Accountable Property Investing platform with the power of funds to repeatedly implement new ESG practices and carry out properly in opposition to their friends in North America and Europe. We’re dedicated to implementing the newest improvements in the actual property business to assist shoppers obtain optimistic monetary and ESG outcomes.”

In whole, Principal Asset Administration submitted 5 U.S. actual property funds and 6 European actual property funds for participation in GRESB in 2022. A number of funds confirmed elevated scores in constructing certifications in addition to improved information protection and efficiency on power, greenhouse fuel emissions, and water. All 11 methods outperformed the peer common in each scored class for administration, which incorporates management, insurance policies, reporting, danger administration, and stakeholder engagement.

The Pillars of Accountable Property Investing is the overarching ESG platform for the agency’s devoted actual property funding staff. This platform guides the implementation of ESG all through the property life cycle because it seeks to spend money on and lend on actual property that delivers optimistic monetary and ESG outcomes for all stakeholders whereas selling well being and wellbeing for tenants and residents, minimizing environmental impacts, and enhancing the communities the place we make investments.

1 The GRESB star score is a relative rating that ranks all GRESB contributors worldwide, damaged up into quintiles. Subsequently, a GRESB 4-star rating signifies efficiency inside the high 40% of all contributors.

About GRESB

Every year, GRESB assesses and benchmarks the ESG efficiency of actual property worldwide. General fund participation grew by 20% this 12 months to 1,820 listed and non-listed portfolios, producing a benchmark that covers USD6.9 trillion of AUM throughout 74 international locations. Vital progress was centered within the Americas (30%) and Europe (16%). Info on the 2022 GRESB Actual Property outcomes might be discovered at GRESB.com.

About Principal Asset AdministrationSM

With private and non-private market capabilities throughout all asset courses, Principal Asset AdministrationSM and its funding specialists take a look at asset administration by a distinct lens, creating options to assist ship shopper funding goals. By making use of native insights with international views, Principal Asset Administration identifies distinct and compelling funding alternatives for greater than 1,100 institutional shoppers in over 80 markets.1 Its devoted actual property funding staff manages or sub-advises $98.5 billion in industrial actual property property.1 The agency’s actual property capabilities embody each private and non-private fairness and debt funding options.

Principal Asset Administration is the worldwide funding options enterprise for Principal Monetary Group® (Nasdaq: PFG), managing $484.6 billion in property1 and acknowledged as a High 10 “Greatest Locations to Work in Cash Administration2” for 10 consecutive years. Study extra at www.PrincipalAM.com.

GRESB is a world ESG benchmark for actual property property. The rankings exhibit the dedication of Principal Asset Administration to integrating ESG requirements into its funding practices whereas pursuing optimistic monetary outcomes for shoppers. With a purpose to obtain a rating, the Agency paid GRESB an utility price to be evaluated and use the rating.

Environmental, social and governance accountable investing (ESG) is qualitative and subjective by nature, and there’s no assure that the standards utilized, or judgment exercised, will mirror the beliefs or values of anyone explicit investor. ESG standards could current extra benefits or dangers and doesn’t shield in opposition to market dangers or volatility. You shouldn’t make any funding assumptions based mostly solely on the knowledge contained herein. There isn’t a assurance that the socially accountable investing technique and strategies employed will likely be profitable.

[1] As of September 30, 2022

[2] Pensions & Investments, “The Greatest Locations to Work in Cash Administration”, December 13, 2021.

©2022 Principal Monetary Companies, Inc. Principal®, Principal Monetary Group®, and Principal and the logomark design are registered emblems of Principal Monetary Companies, Inc., a Principal Monetary Group firm, in the USA and are emblems and providers marks of Principal Monetary Companies, Inc., in varied international locations around the globe.



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