Beacon Capital Partners Awarded Five Stars in the 2022 GRESB Assessment
Boston, November 15, 2022 – Beacon Capital Partners achieved five stars for its latest submissions to GRESB, an established global environmental, social, and governance (ESG) benchmarking and reporting framework. Over the past five years, Beacon has participated in GRESB, and in 2021 its Fund 7 placed first in office overall across the Americas (out of 72 peers) and achieved five stars. In 2022, Beacon increased its participation in GRESB, submitting data for Fund 7, Fund 8, and a joint venture portfolio, and achieved five-star ratings for all three portfolios. Beacon’s Funds 7 and 8 are included in the United States Office: Corporate/Value-Added category, while its JV portfolio submission is included in the United States Office: Non-listed GRESB peer group.
Notable scores for this year’s assessment include 30 out of 30 points for management, outperforming the benchmark by six points. Within the management component, Beacon earned top scores for leadership, policies, reporting, building certifications, data monitoring and review, targets, tenants and community, and stakeholder engagement.
“For decades, Beacon has been committed to creating healthy, vibrant workplaces with a focus on efficiency and sustainability,” said Fred Seigel, President and Chief Executive Officer of Beacon Capital Partners. “We are proud to be recognized for our best practices. Looking forward, we’ll continue to advance our sustainability initiatives that positively affect our portfolios, our tenants, our communities, and the world around us.”
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. GRESB data are used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks, and choices that need to be made as the industry transitions to a more sustainable future. 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 $8.6 trillion of assets under management, up from $6.4 trillion the year before.
“With more fund managers and asset owners reporting to GRESB than ever before, we are proud to see the global real assets industry deepen its commitment to ESG transparency and pave the way for a more sustainable future,” said Sebastien Roussotte, CEO of GRESB.
Beacon has also been recognized for 11 consecutive years as ENERGY STAR® Partner of the Year for leadership in promoting energy efficiency and sustainability. The company currently owns over 21 million square feet of certified green buildings, and 82% of its buildings have achieved Gold or Platinum certification, the two highest LEED certification levels available. Beacon is also a Fitwel Champion, recognized by the world’s leading certification system for optimizing buildings across the portfolio to support health.
About Beacon Capital
Beacon Capital Partners (“Beacon”) is a leading private real estate investment firm, owning and operating office and life science properties. The firm has a 75-year legacy of successful real estate development, management, and transformation of workplaces.
Since 1998, Beacon has raised ten commingled investment vehicles, as well as multiple joint venture vehicles and co-investments, totaling over $19 billion of equity capital commitments from public and corporate pension funds, financial institutions, endowments, foundations, and other U.S. and non-U.S. institutional investors. Today, Beacon manages over $14 billion of real estate and owns and operates a portfolio spanning more than 29 million square feet across 14 U.S. markets.
Beacon’s experienced team creates workspaces that inspire creativity, collaboration, and innovation across a broad range of tenants and industries. The team uses disciplined property selection and innovates with design-driven transformation, outstanding tenant service, and market-leading tenant amenities and experiences to create long-term value for each property. Headquartered in Boston, Beacon has offices and market-focused teams in eight major U.S. cities.
Beacon supports building a sustainable and inclusive future. The firm has been recognized as ENERGY STAR Partner of the Year for eleven consecutive years and has certified or recertified nearly 60M square feet of LEED office space. Beyond sustainability, Beacon has earned five stars in the GRESB global ESG assessment and is a Fitwel Champion.
For more information, please visit beaconcapital.com.
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by more than 170 institutional and financial investors to inform decision-making.
For more information, visit GRESB.com.