Aberdeen Standard Eur Lgstc Inc PLC GRESB 2021 Survey Results (7039P)
21 October 2021 - 5:00PM
UK Regulatory
TIDMASLI
RNS Number : 7039P
Aberdeen Standard Eur Lgstc Inc PLC
21 October 2021
Aberdeen Standard European Logistics Income PLC
LEI: 213800I9IYIKKNRT3G50
21 October 2021
GRESB 2021 SURVEY RESULTS - AWARDED REGIONAL SECTOR LEADER
STATUS
Aberdeen Standard European Logistics Income PLC ("ASLI" or the
"Company"), which invests in high quality European logistics real
estate, is pleased to announce that in the 2021 survey by GRESB
(the 'Global Real Estate Sustainability Benchmark') the Company was
awarded Regional Sector Leader status.
The Company has been placed first in the Listed European
Industrial - Distribution Warehouse - segment, reflecting the
continued work that the Investment Manager has undertaken improving
the sustainability credentials of the portfolio.
The Company's 2021 GRESB score of 84/100 represents an
improvement on its 2020 GRESB survey score of 79/100. It also
compares favourably versus the 64/100 average peer score and 73/100
overall average 2021 GRESB score.
The Company has maintained its high Green Star rating with 4 out
of a maximum 5 stars and outperformed the benchmark average score
in almost every category.
The latest GRESB scoring recognises the fundamental importance
the Investment Manager places on sustainability when acquiring and
subsequently enhancing the Company's portfolio. The Company has
been actively implementing green leases and working closely with
tenants, bolstered by an annual tenant satisfaction survey. The
Investment Manager collects energy usage data on all of the
portfolio assets and regularly reviews this to identify potential
areas for improvement.
The improved GRESB scoring also recognises the strong energy
efficiency credentials across the portfolio, which has been
enhanced further through the installation of rooftop solar PV; nine
of the Company's sixteen assets now generate on-site renewable
energy and discussions about installation are ongoing with local
stakeholders for the remaining assets.
The Company believes that comprehensive assessment of ESG
factors leads to better outcomes for shareholders and adopts the
Investment Manager's policy and approach to integrating ESG. A key
element of this is the employment of the Investment Manager's ESG
Impact Dial, a proprietary research framework, in support of
investment strategies, underwriting decisions and the asset
management approach. This framework guides the integration of ESG
factors at the Company and property level, whilst providing a
structure for engagement with, and reporting to, stakeholders.
The Investment Manager continues to review and implement
initiatives as it targets a higher GRESB rating for next year.
Evert Castelein, Fund Manager of ASLI, commented:
"To attain Regional Sector Leader status and be placed first in
our segment is real testament to the work we have undertaken to
enhance our sustainability credentials and reflects our absolute
commitment to delivering positive impact for our occupiers, local
stakeholders and shareholders.
"The European logistics market is large and continues to develop
rapidly; growing tenant demand is fuelled by the strong growth of
e-commerce across Europe and the consequent supply chain
reconfiguration as operators embrace this technological
advancement. Of additional note is the rapid acceleration of
interest and demand amongst logistics occupiers to adhere to higher
ESG standards and the Investment Manager both recognises and has
embraced this fundamental change in occupational demand for
sustainable buildings."
Details of the Company and its property portfolio may also be
found on the Company's website which can be found at:
http://www.eurologisticsincome.co.uk
For further information please contact:
Aberdeen Standard Fund Managers Limited +44 (0) 20 7463 6000
Luke Mason
Gary Jones
Investec Bank plc +44 (0) 20 7597 4000
David Yovichic
Denis Flanagan
FTI Consulting +44 (0) 20 3727 1000
Dido Laurimore
Richard Gotla
James McEwan
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