Beacon Capital Partners Earns Third Consecutive Four-Star Rating and Green Star Designation in 2020 Global Real Estate Sustainability Benchmark (GRESB) Assessment
Press Release
Boston, MA, December 22, 2020 – Beacon Capital Partners, a leading U.S. office investor, announced that Beacon Capital Strategic Partners VII received its third consecutive four-star rating in the annual Global Real Estate Sustainability Benchmark (GRESB). As with past years, the Beacon fund also received the Green Star. This is the latest industry acknowledgment of the firm’s commitment to ESG.
Beacon earned a score of 79 points out of 100 in the 2020 GRESB assessment, ranking four points higher than the average score in its peer group and nine points higher than the average overall GRESB score. Beacon was awarded four stars for the third year in a row, based on a scale of one to five in the GRESB assessment. Beacon was also awarded the Green Star designation for performance levels above its peer group. The fund has consistently ranked among the top of its peer group in the US Office: Corporate/Value-added category.
Other key industry designations Beacon has earned include nine consecutive years of ENERGY STAR® Partner of the Year for leadership in promoting energy efficiencies and sustainability; Fitwell Champion, recognized by the world’s leading certification system for optimizing buildings to support health; and LEED certification for office buildings representing over 55 million square feet.
Each year GRESB assesses and benchmarks the ESG performance of over $5 trillion real assets worldwide. The evaluations are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks, goals, and emerging regulations.
"With accelerating sustainability risks, accessing standardized and reliable ESG data has never been more important to investors,” said Sander Paul van Tongeren, Co-founder and Managing Director at GRESB. “It’s inspiring to witness the collective industry effort from around the world to improve ESG transparency and advance sustainable real assets.”
About GRESB
GRESB is a mission-driven and investor-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to the capital markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world. In 2020 alone, more than 1,200 real estate portfolios were reported to GRESB covering more than 96,000 assets. Our coverage for infrastructure includes more than 540 infrastructure portfolios and assets. Combined, the reported assets represent the US $5.3 trillion AUM. The data is used by more than 100 institutional and financial investors to monitor investments across portfolios and navigate the strategic choices needed for the industry to transition to a more sustainable future.
About Beacon Capital Partners
Beacon Capital Partners is a tenant-focused private real estate investment firm with a 75-year legacy of successful real estate development, ownership, and management. Beacon invests in high-quality office properties in core urban markets with highly educated workforces. Our hands-on approach transforms these properties for today’s tenants, with innovative design, state-of-the-art connectivity, modern amenities, and award-winning sustainability and risk management initiatives. From Fortune 100 firms to the leading innovative and growth companies, our tenants are proud to call our distinctive workplaces home. Beacon has raised over $17 billion in equity for nine investment vehicles as well as multiple joint ventures and co-investments since 1998 from a diverse investor group including endowments, foundations, public, private, and foreign pension funds, financial institutions, and sovereign wealth funds. This equity has fueled nearly 180 office investments with a projected total value of nearly $45 billion (including leverage and JV partner equity). For more information, visit www.beaconcapital.com.