What is ESG for your company?
At Generali Real Estate (GRE), we want to be proactive in the reduction of the environmental impact of our portfolio as well as integrate ESG metrics and monitoring into our business operations.
Our vision is to have a market-leading portfolio of sustainability credentials as well as best practise asset management and development processes.
How do you integrate proprietary/un-proprietary ESG screening/scoring methodology in your investments process?
Our ESG guidelines integrate sustainability into the decision-making process and in our day-to-day business so that ESG is always taken into consideration on how we invest and how we operate.
In order to tackle environmental aspects on our portfolio GRE leadership, staff and vendors is following Responsible Property Investments Guidelines. On top, we adopted a series of proprietary models, filters, policies and screening effective during the overall real estate value chain. As a matter of fact, the following set activities are regulated by our ESG policies: direct and indirect investment, asset refurbishment/ capex injections, relationship with tenants, health and safety aspects, transparency and fairness.
How do you engage with stakeholders to improve and encourage virtuous behaviors?
Given the characteristics of our industry, we ensures that our decisions contribute to improvements in environmental sustainability at the local and urban levels, working cooperatively with tenants, city governments, planners and other stakeholders in achieving our targets.
For example, as far as relationship with tenant is concerned, Generali Real Estate is adopting green leases to ensure optimal building efficiency in operation and puts in place sustainable data analytics on consumption trends and behaviours to find ways to reduce consumption.