Principal Asset Management℠ Real Estate Strategies Score Highly With GRESB for Ninth Consecutive Year
Principal Asset Management has achieved high ratings from the Global Real Estate Sustainability Benchmark (GRESB) for 2024, with two European real estate core property strategies receiving 5-star ratings and its U.S. real estate core strategy earning a 4-star rating. The U.S. core strategy has maintained a 4-star rating for nine consecutive years. Additionally, 13 strategies received green-star ratings. The Principal Green Property strategy scored 93/100 in its first GRESB submission, ranking 2nd among 23 entities in its peer group. The firm submitted seven U.S. and seven European real estate funds, all scoring 29/30 points on the Management component.
Principal Asset Management ha ottenuto punteggi elevati dal Global Real Estate Sustainability Benchmark (GRESB) per il 2024, con due strategie di investimento immobiliare core europee che hanno ricevuto 5 stelle e la sua strategia core immobiliare statunitense che ha guadagnato 4 stelle. La strategia core statunitense ha mantenuto un punteggio di 4 stelle per nove anni consecutivi. Inoltre, 13 strategie hanno ricevuto punteggi con stella verde. La strategia Principal Green Property ha ottenuto 93/100 nella sua prima sottomissione al GRESB, classificandosi 2ª tra 23 entità nel suo gruppo di pari. L'azienda ha presentato sette fondi immobiliari statunitensi e sette fondi immobiliari europei, tutti con un punteggio di 29/30 punti sulla componente di gestione.
Principal Asset Management ha logrado altas calificaciones del Global Real Estate Sustainability Benchmark (GRESB) para 2024, con dos estrategias de propiedades inmobiliarias core en Europa que recibieron 5 estrellas y su estrategia core inmobiliaria en EE. UU. que obtuvo una calificación de 4 estrellas. La estrategia core de EE. UU. ha mantenido una calificación de 4 estrellas durante nueve años consecutivos. Además, 13 estrategias recibieron calificaciones de estrella verde. La estrategia Principal Green Property obtuvo 93/100 en su primera presentación al GRESB, posicionándose en 2º lugar entre 23 entidades en su grupo de pares. La firma presentó siete fondos inmobiliarios en EE. UU. y siete fondos inmobiliarios en Europa, todos con un puntaje de 29/30 puntos en el componente de gestión.
프린시펄 자산 관리는 2024년 글로벌 부동산 지속 가능성 벤치마크(GRESB)에서 높은 등급을 달성했습니다. 두 개의 유럽 부동산 코어 자산 전략이 5성 등급을 받았고, 미국 부동산 코어 전략은 4성 등급을 얻었습니다. 미국 코어 전략은 9년 연속 4성 등급을 유지했습니다. 또한 13개 전략은 녹색 별 등급을 받았습니다. 프린시펄 그린 부동산 전략은 첫 GRESB 제출에서 93/100을 획득하며 동료 그룹 내 23개 중 2위에 올랐습니다. 이 회사는 7개의 미국 및 7개의 유럽 부동산 펀드를 제출했으며, 모두 관리 요소에서 29/30 점을 얻었습니다.
Principal Asset Management a obtenu de très bonnes notes du Global Real Estate Sustainability Benchmark (GRESB) pour 2024, avec deux stratégies immobilières core européennes recevant 5 étoiles et sa stratégie immobilière core américaine obtenant une note de 4 étoiles. La stratégie core américaine a maintenu cette note de 4 étoiles pendant neuf années consécutives. De plus, 13 stratégies ont reçu des notes de star verte. La stratégie Principal Green Property a obtenu un score de 93/100 lors de sa première soumission au GRESB, la classant 2e parmi 23 entités de son groupe d'appartenance. L'entreprise a soumis sept fonds immobiliers américains et sept fonds immobiliers européens, tous marquant 29/30 points dans le composant de gestion.
Principal Asset Management hat hohe Bewertungen vom Global Real Estate Sustainability Benchmark (GRESB) für 2024 erreicht, wobei zwei europäische Immobilien-Core-Strategien 5-Sterne-Bewertungen erhalten haben und die US-Immobilien-Core-Strategie eine 4-Sterne-Bewertung erzielt hat. Die US-Core-Strategie hält nun seit neun aufeinanderfolgenden Jahren die 4-Sterne-Bewertung. Darüber hinaus erhielten 13 Strategien grüne Sterne-Bewertungen. Die Principal Green Property-Strategie erzielte 93/100 in ihrer ersten GRESB-Einreichung und belegte den 2. Platz unter 23 Einheiten in ihrer Peer-Gruppe. Das Unternehmen reichte sieben US- und sieben europäische Immobilienfonds ein, die alle 29/30 Punkte im Managementbereich erzielten.
- Two European real estate strategies achieved top 20% worldwide performance (5-star rating)
- U.S. real estate core strategy maintained top 40% performance (4-star) for ninth consecutive year
- Principal Green Property strategy ranked 2nd out of 23 entities in its peer group
- All strategies scored 29/30 points on Management component
- 13 strategies received green-star ratings
- None.
High ratings in global benchmarks show long-standing commitment to sustainable investment
This is the ninth consecutive year that the
“Our strong GRESB performance over the past nine years demonstrates the success of our Pillars of Responsible Property Investing sustainability platform, enabling us to implement sustainability strategies from development or acquisition throughout the asset lifecycle,” said Jennifer McConkey, managing director of ESG and operations for real estate at Principal Asset Management. “This approach has enabled our strategies to stand out among North American and European peers. As sustainability continues to rise in prominence as a critical risk management strategy, we’ve evolved our practices in line with GRESB’s focus on net zero and climate risk, aligning with our commitment to achieve net zero greenhouse gas (GHG) emissions by 2050 or sooner.”
This is the first year that the Principal Green Property strategy (Vintage 2022) was submitted to GRESB and scored 93 out of 100 on the Management and Development components. It also ranked 2nd of 23 entities among the peer group for Industrial: Distribution Warehouse: Non-Refrigerated Warehouse. In total, Principal Asset Management submitted seven
The Pillars of Responsible Property Investing, our sustainable investing platform for private debt and equity, guides the implementation of sustainability throughout the property life cycle as it seeks to invest in and lend on real estate that delivers positive financial and ESG outcomes for all stakeholders while promoting health and wellbeing for tenants and residents, minimizing environmental impacts, and enhancing the communities where we invest.
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2024 Global Real Estate Sustainability Benchmark (GRESB) assessments representing data from 1 January 2023 to 31 December 2023. 5-star rating reflects top |
About GRESB
Each year, GRESB assesses and benchmarks the ESG performance of real estate assets worldwide. Overall fund participation grew by
Information on the 2024 GRESB Real Estate results can be found at GRESB.com.
About Principal Asset Management℠
With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing
Learn more at www.PrincipalAM.com.
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As of September 30, 2024 |
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Pensions & Investments, “The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2023. |
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Media Contact:
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Source: Principal Asset Management
FAQ
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