Deutsche Asset & Wealth Management’s (Deutsche AWM) Alternatives and Real Assets (ARA) business today announced that four of its investment portfolios earned “Green Star” ratings from the Global Real Estate Sustainability Benchmark (GRESB). Green Stars recognize portfolios that have strong sustainability management, policy, measurement, implementation and quantitative results.
The four funds include: one of ARA’s private real estate funds; its German open-end fund that invests in pan-European property*; and two separately managed accounts, one investing globally and one in the US on behalf of two institutional clients. Combined, these strategies represent USD 18.9 billion in assets under management.
“Our strong performance demonstrates the value we place on integrating sustainability and ESG into the investment strategies of our real estate portfolios,“ said Pierre Cherki, Head of Alternatives and Real Assets. “As fiduciaries, our real estate ESG strategy aims to preserve and enhance risk adjusted returns and strengthen our investment process by reducing risk, improving efficiency and satisfying tenants.“
Earlier this year, ARA was named a Green Leaser Leader by the US Department of Energy, and received a Scope Award in Germany, both of which recognize ARA as a leader in sustainability of the real estate fund management business.
*Funds receiving the rating may be available only to institutional investors or in specific geographic locations.
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