Australia and New Zealand continue to lead the world in sustainable real estate practices, according to the latest GRESB report.

GRESB, the global real estate sustainability benchmark, assessed 707 property companies and private equity real estate funds globally, representing 61,000 assets and USD $2.3 trillion in asset value.

The Australia and New Zealand GRESB score of 69 was significantly higher than the global average of 56, a result welcomed by the Green Building Council of Australia (GBCA) and the Property Council of Australia.

According to GRESB, 93 per cent of our region’s companies and funds disclose their sustainability performance annually, compared with 85 per cent globally. Across Australia and New Zealand, more than half (54%) of the companies and funds obtained green building certificates like Green Star and 87 per cent have an energy rating, compared with 71 per cent globally.

Ninety one per cent of participants have introduced best practice leases that include sustainability-specific clauses, compared with 60 per cent globally.

Read the full GRESB report here.
Read the media release from the GBCA here.
Read the media release from the PCA here.