Milan, 3 October 2023 – Renantis has been awarded top marks, achieving the maximum five-star rating from GRESB, an environmental, social and governance (ESG) benchmark, that measures ESG performance of companies.
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics.
Alongside the five-star result in the 2023 GRESB Infrastructure Assessment, Renantis achieved a score of 97 out of 100, positioning the Group fourth in the renewable power sector across Europe.
“This result reflects our sustainability journey, and it is a testament to our commitment to sustainability and to having solid ESG reporting practices. Year on year our ESG data guides us in the continuous monitoring of our sustainability performance which helps us demonstrate the positive impact we make on the environment and to society.
“We are extremely proud of this achievement. Participating in the GRESB assessment was a truly collaborative effort across our Group. Every colleague at Renantis should be proud of how they have contributed to this result by putting sustainability principles into action through their everyday work”, said Giulia Privitera, Head of Sustainability at Renantis.
Among the results was a maximum score in the reporting section, which evaluates how well ESG actions and performances are communicated. This achievement is the result of the company’s consolidated experience in ESG disclosure. Renantis also scored highly for leadership, which evaluates how ESG is integrated into the overall business strategy. This is the result of the company’s ability to provide clear commitments in its sustainability report and providing dedicated personnel to ESG. Renantis also scored highly for risk management, which details the steps undertaken to stay abreast of material ESG and climate-related risks.
The GRESB assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than USD 8.8 trillion of gross asset value, encompassing 2,084 real estate entities, 687 infrastructure assets and 172 infrastructure funds.
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by more than 170 institutional and financial investors to inform decision-making. For more information, visit GRESB.com.