Boston, October 10, 2024 – Beacon Capital Partners, a leading private real estate investment firm that owns and operates office and life science properties across the US, has been recognized for continued leadership in their categories of the 2024 GRESB Assessment. Beacon submitted information for two active commingled funds (BCSP 7 and 8) and for a joint venture portfolio. All three investment entities maintained their five-star ratings and received high scores in several categories.
Notable results included
• The joint venture ranked #1 among its peer group in the United States diversified/opportunistic category, and #5 among the broader group of 112 diversified portfolios in the Americas.
• All three submissions earned 100% for meeting ESG objectives and a perfect score for the Social component of ESG.
• They received a perfect score for Stakeholder Engagement and were among the highest in Leadership and Reporting.
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. This year, it set a new standard to provide a more rigorous assessment of sustainability practices, new asset-level benchmarks, and enhanced alignment with emerging investor priorities.
“Beacon’s steady leadership in implementing and reporting ESG initiatives is a result of our long history of commitment to advancing sustainability,” said Beacon Capital Partners President and CEO Fred Seigel. “The recognition by GRESB year in and year out is a result of our focus on best practices for our buildings, tenants, visitors, and employees, as well as our communities.”
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 covered USD 7 trillion of gross asset value across 80 markets, encompassing more than 2,200 property companies, REITs, funds, and developers.
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 decisions that need to be made as the industry transitions to a more sustainable future.
“The results of this year’s GRESB Assessments are a testament to the progress being made across the sector. It’s clear that our participants are helping set new standards in sustainability,” said Sebastien Roussotte, CEO of GRESB.
About Beacon Capital Partners
Beacon Capital Partners (“Beacon”) is a leading private real estate investment firm, owning and operating office and life science properties. The firm has a 77-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 approximately $13.4 billion of real estate and owns and operates a portfolio spanning more than 33 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, curated tenant amenities and experiences, and a strong focus on tenant service to create properties that attract today’s tenants. Headquartered in Boston, Beacon has offices and market-focused teams in nine 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 13 consecutive years and has certified or recertified 61M sf of LEED office space. Beyond sustainability, Beacon has been designated as a Fitwel champion, and in partnership with 9 Foundations, launched a healthy buildings program across its portfolio. For more information, please visit www.beaconcapital.com.
About GRESB
GRESB is a mission-driven and industry-led organization that provides actionable and transparent environmental, social, and governance (ESG) data to financial markets. GRESB collects, validates, scores, and independently benchmarks ESG data to provide business intelligence, engagement tools, and regulatory reporting solutions for investors, asset managers, and the wider industry. Created in 2009, GRESB is the global ESG benchmark for financial markets, composed of an independent foundation and a benefit corporation (certified B Corp). Working together as one, the GRESB Foundation focuses on the development, approval, and management of the GRESB Standards while GRESB BV performs ESG assessments and provides related services to GRESB Members. For more information, visit GRESB.com.
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Media contact: Maureen Richardson
River Communications
(914) 686-5599