NEWPORT BEACH, Calif. (October 25, 2023) – KBS, one of many largest homeowners and operators of premier business actual property buildings within the nation, declares that it has been acknowledged for sustainability and obtained a Inexperienced Star designation within the 2023 GRESB Actual Property Evaluation. Annually, GRESB assesses the ESG efficiency of belongings worldwide, offering readability and insights to monetary markets on complicated sustainability matters.
That is KBS’ first yr taking part within the GRESB evaluation. With plans to take part yearly, the corporate is demonstrating its persevering with dedication to ESG transparency and improved efficiency, based on Marc DeLuca, CEO and japanese regional president of KBS.
“KBS views sustainability amongst its prime values as an actual property proprietor and operator. The rating from GRESB validates our initiatives over the previous a number of years” says DeLuca. “The agency is honored to be acknowledged amongst a number of the world’s largest actual property corporations.”
KBS is continually looking for new and revolutionary ESG initiatives to implement at its buildings throughout the nation, together with establishing a devoted “Inexperienced Crew” in 2022 to strengthen its deal with environmental, social and governance. The Inexperienced Crew is led by ESG Supervisor Apaulo Malloy, who directs the corporate’s efforts as a proactive technique to drive KBS towards a sustainable future.
“Our agency appears to be like for brand spanking new methods to include sustainable practices into our belongings,” says Malloy. “Along with launching the Inexperienced Crew final yr, these efforts embody LEED and ENERGY STAR certifications, filtered air verifications, the addition of EV charging stations, city bee apiaries and extra. In 2022, we achieved the UL Verified Wholesome Constructing Mark for Indoor Air for greater than 14 million sq. ft of Class A workplace area—a aim that took solely six months to attain.”
GRESB assessed KBS’ strengths and alternatives associated to ESG, together with constructing certifications, information monitoring and assessment, waste, water, greenhouse gasoline emissions, power, management, insurance policies, reporting, threat administration, stakeholder engagement, threat evaluation, targets, and tenants and group.
The GRESB Assessments are guided by what traders and the {industry} contemplate to be materials points within the sustainability efficiency of asset investments and are aligned with worldwide reporting frameworks, objectives and rising laws. The GRESB ESG Benchmark grew this yr to cowl greater than USD 8.8 trillion of gross asset worth, encompassing 2,084 actual property entities, 687 infrastructure belongings and 172 infrastructure funds.
GRESB information is utilized by a whole bunch of capital suppliers and 1000’s of asset managers to benchmark investments throughout portfolios and to raised perceive the alternatives, dangers and decisions that should be made because the {industry} transitions to a extra sustainable future.
“Reviewing the benchmarks for this yr, it’s evident that the {industry}’s dedication to ESG rules is stronger than ever, as showcased by the continued improve in participation and broader information protection,” says Sebastien Roussotte, CEO of GRESB. “We applaud traders and managers in the actual belongings sector for his or her resolute pursuit of sustainability.”
About KBS
KBS is likely one of the largest traders of premier business actual property within the nation. As a personal fairness actual property firm and an SEC-registered funding adviser, KBS and its affiliated corporations have accomplished transactional exercise of greater than $44.8 billion on behalf of personal and institutional traders globally. Based in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates prime business actual property in a number of the most profitable epicenters within the nation. The agency is dedicated in its enterprise ethics, its enterprise relationships, and its fixed deal with exceeding the expectations of its traders, companions, and tenants. SEC registration as an funding advisor doesn’t indicate any explicit stage of ability or coaching. For extra info on KBS, please go to www.kbs.com.
This launch could include forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended, together with statements regarding KBS’ means to spend money on and handle a various portfolio, and the efficiency of the actual property markets wherein the agency operates. These statements are topic to recognized and unknown dangers, uncertainties and different components which can trigger KBS’ precise outcomes, efficiency, or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements.
About GRESB
GRESB is a mission-driven and industry-led group offering standardized and validated Environmental, Social, and Governance (ESG) information to monetary markets. Established in 2009, GRESB has turn out to be the main ESG benchmark for actual property and infrastructure investments the world over, utilized by 150 institutional and monetary traders to tell decision-making. For extra info, go to GRESB.com.
