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Climate Change Capital's Property Fund given 'green star' rating in GRESB investor survey

Climate Change Capital's property fund has been recognised as one of the top ranking sustainable funds by the leading organisation that measures the environmental, social and governance performance of public and private property funds.

The Climate Change Property Fund (CCPF) is ranked joint third of European Property Funds and is given the top "green star", alongside industry giants such as Lend Lease, Hermes and Prupim, by the Global Real Estate Sustainability Benchmark Foundation (GRESB). This was set up two years ago by the University of Maastricht and funded by global institutional property investors including APG and PGGM from the Netherlands and Universities Superannuation Scheme from the UK.

Of the top five private funds in Europe, all the others (Sonae Sierra, Lend Lease Retail, ING Retail and the Mall Fund) invest only in large shopping centres where huge economies of scale can be achieved. The CCPF, the first fund of its kind, owns and manages three commercial buildings - in Edinburgh, Manchester and Birmingham - and has invested £68m.

CCPF's strategic focus is on future-proofing commercial buildings to improve their energy efficiency, to make them more attractive to occupiers, to mitigate and adapt to the risks of climate change and energy supply, and to anticipate and capitalise upon legislative, regulatory and technological developments in the sector.

Tim Mockett, the joint managing director of the CCPF, said: "This screening process clearly differentiates between green walkers and talkers. We have achieved the green star ranking through resource reduction delivery and measurement and we firmly believe that property investors who recognise that sustainability is important - as well as necessary - will reap financial rewards."

About the GRESB survey

The GRESB survey is used by institutional investors to engage with fund managers and listed property companies, as to improve the sustainability of the global property sector.

More than 340 real estate funds, covering about 21,000 assets across the world, have provided data to the GRESB Foundation through the online survey tool. These respondents - which manage approximately US$ 928 billion in commercial real estate assets, with an estimated aggregate emission of 34 million tons of carbon per year - have demonstrated transparency by disclosing information about the sustainability performance of their property portfolio. The outcome of the benchmark is a unique online scorecard, which provides detailed insight into the policies, implementation, and measurement of environmental practices.

To view the report click here.