Equites Property Fund achieves its lowest ESG risk rating by Morningstar Sustainalytics to date

Google+ Pinterest LinkedIn Tumblr +
  • Following the release of Morningstar Sustainalyticsโ€™ Environmental Social and Governance (ESG) Risk Ratings report, Equites Property Fund Limited today announced that it has received an ESG risk rating of 8.0, which places the organisation in the โ€œNegligible Riskโ€ category, the best achievable tier.
  • The risk rating score reflects the level of unmanaged risk for a company, with a lower score indicating that ESG issues are less likely to have an impact on the companyโ€™s economic value.

Morningstar Sustainalyticsโ€™ data reveals that the REIT has continued to improve its rating, achieving its lowest score to date, in its 5th year of assessment, and showing a 54% improvement in its overall ESG risk rating since its first evaluation.

In comparison to all companies rated across industries globally, Equites is positioned 135th out of 15 061, placing it in the top 2nd percentile of those companies. Looking more specifically to the global real estate industry, the REIT places 38th out of 1 008, with a favourable risk rating compared to 95% of other real estate organisations rated by Morningstar Sustainalytics. In the REIT sub-industry, Equites now ranks 24th out of 427, better than 94% of other evaluated REITs.

Additionally, its management of ESG risk falls within the best possible categorisation as โ€œStrongโ€. This defines how well theREIT is managing material ESG issues by assessing the robustness of the organisationโ€™s ESG programmes, practices and policies.

Morningstar Sustainalyticsโ€™ comprehensive evaluation examines the material ESG issues applicable to the organisation. These include its business ethics and practices; the integration of ESG criteria in its financial and real estate decision-making; and product governance, which involves risk mitigation through the entire property lifecycle.

โ€œWe are pleased that Equites has achieved the Morningstar Sustainalytics ESG Top-Rated Companies List accolade for 2024, for both the Regional and Industry categories. The most recent rating points to our continued commitment to sustainability and our alignment with global best practice,โ€ shares Irshaad Wadvalla, ESG Officer at Equites.

Additional insights can be obtained in Equitesโ€™ย 2024 Sustainability Report.

Author: Bryan Groenendaal

Share.

Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.