The 2021 GRESB (Global Real Estate Sustainability Benchmark) annual assessment made its official results announcement. For the third time after 2017 and 2019, White Peak is awarded Overall Regional Sector Leader, a great honor to the best performers by sector and region.
This year, White Peak ranks No.1 out of all Asia Residential Developers and Asia Non-listed Residential Entities. Moreover, White Peak’s score has been improved remarkably to 97 from 92 last year, well above the peer average of 77. This is also the highest score White Peak has had historically.
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 $6.4 trillion of assets under management, up from $5.3 trillion the year before.
The GRESB Sector Leader Awards recognizes real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability each year. White Peak participated in the Real Estate Assessment, obtaining the Asia Residential Sector Leader.
“Across the globe, organizations are demonstrating a deep commitment to ESG integration while making important strides towards a more sustainable future for us all,” said Sebastien Roussotte, CEO of GRESB. “Sector Leaders are the organizations setting the pace and driving progress toward a net zero future. We are proud to recognize your determination, achievement, and leadership in creating a more sustainable world.”
The award is a recognition of White Peak’s continuous achievements in sustainability during the past decade. Jesper Jos Olsson, founding partner and group CEO of White Peak reiterates sustainability as a core value of the company in the 2020 Sustainability Report, “White Peak has been driven for many years by a vision of sustainable living for Chinese homeowners, a concept more relevant today than ever before. ”
China is scrutinising the resiliency of the real estate industry in line with the country’s 30/60 carbon neutrality goals. China’s real estate sector, a major emission contributor, will take on more responsibilities within sustainability and White Peak aims to play a great role in this industry transformation.
White Peak continued to focus on green building in the developments. The company obtained 10 green building certifications in 2020, with the total certified green building area amounting to 727,400 m2. New eco-friendly materials were used in construction, such as cross-laminated timber (CLT) and timber construction in the community centre of the Tai’an Huanshan Road project. The company has been working on carbon accounting of its projects and operations, inviting its suppliers to participate, with the aim to jointly reduce the carbon footprint throughout the building lifecycle.
Workplace health and safety has been on top of the corporate agenda ever since the establishment of the company. The inspection score by Bureau Veritas on construction site safety was improved to 82.7 in 2020 from 81.2 in 2019.
In 2021, White Peak established the Sustainability Department. Currently, the team is focusing on the implementation of Lifecycle Carbon Analysis, the establishment of low-carbon building technology system and sustainable supply chain management. In addition, the team is also leading the efforts in making White Peak’s ESG action plan. White Peak expects to create a more sustainable future with stakeholders including investors, employees, clients, suppliers and contractors.
White Peak Real Estate Investment
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