Arcus is pleased to announce the AEIF1 results for the 2018 GRESB infrastructure ESG benchmarking assessment.
Each year, GRESB assesses and benchmarks the environmental, social and governance (ESG) performance of real assets worldwide and monitors progress towards global sustainability goals. GRESB Assessments 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 such as GRI and PRI.
2018 is the third year GRESB has run the infrastructure benchmarking process with 75 Infrastructure Funds and 280 infrastructure assets participating (compared to 51 funds and 134 assets in 2016 and 64 funds and 160 assets in 2017). Arcus joined GRESB as a member in March 2017.
Arcus completed a fund assessment questionnaire for AEIF1 in Q2 2018, along with each of AEIF1 investee companies completing an asset participant assessment questionnaire and the results have recently been released.
We are very pleased to announce that for the second year in a row, AEIF1 ranked first of the diversified European infrastructure funds (against 16 peers). AEIF1 scored 79 out of 100 possible points in the GRESB fund assessment (compared to 73/100 in 2017) while the average GRESB fund score was 55 out of 100 (compared to 50/100 in 2017).
We have been named by GRESB as the European Fund Sector Leader for our sustainability leadership and commitment.
For the underlying AEIF1 investee companies, the highlights include the results of the Alpha Trains and Brisa assessments which came first in Rail Companies Europe and Road Companies Europe respectively.
Overall, the AEIF1 assets scored well when benchmarked against their peers and three of the four assets received a 5-star rating.
In addition, Arcus’ two managed accounts, TDF and GTC, both received a 5-star rating.
“We are proud to be recognised as the 2018 Sector Leader of European Infrastructure. These results highlight our focus in incorporating sustainability into our operations and identifying, managing and improving overall ESG performance at Arcus and in our portfolio companies,” says Ian Harding, Co-Managing Partner of Arcus. “ESG has and continues to be an important issue for Arcus. We have always believed in the importance of responsible investment and improving the sustainable operations of our investee companies and this year’s results demonstrate our commitment.”
Mel Kirn, Head of ESG at Arcus said, ” As ESG is an evolving topic, we are continuously striving to improve our management of ESG issues and report to Limited Partners. GRESB is also a tool which provides feedback on areas where we can improve and develop. The results of the GRESB reporting have in the last year and will in future allow us to analyse further what we are doing both at fund and investee company level and target improvements.”
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GRESB is the global environmental, social and governance (ESG) benchmark for real assets. Working in collaboration with the industry, GRESB defines the standard for sustainability performance in real assets, providing standardized and validated ESG data to more than 70 institutional investors – representing over USD 18 trillion in institutional capital. In 2018 a record 903 property companies and funds participated in the GRESB Real Estate Assessment, the Infrastructure Assessment covered 75 funds and 280 assets, and 25 portfolios completed the Debt Assessment.
Learn more at GRESB.com