GRESB benchmarking score in Asia 2021-2023, by component
Asian companies participating in the Global Real Estate Sustainability Benchmark (GRESB) received the highest score for their development practices in 2023. GRESB is an industry-led organization that collects, validates, scores, and benchmarks ESG performance. Within the development component, which stands for the adoption of different ESG criteria in new developments, the waste metric ranked the highest, with a score of 98.6. Within the performance of standing investments, companies excelled in the setting targets.
ESG benchmarking has been a growing trend among real estate companies worldwide, with the number of companies participating in GRESB benchmark increasing year-on-year since 2013.