Genesis Property, Romanian owner and developer of office buildings, has once again received the “Green Star” rating recognition in GRESB rankings for the second year in a row, reaffirming its commitment to continuously improving operational efficiency, performance, and transparency based on ESG indicators.
In this year’s GRESB Real Estate Assessment, Genesis Property achieved a score seven points higher than in the previous year, highlighting the company’s remarkable progress in sustainability performance. This achievement is primarily the result of a 30% reduction in greenhouse gas emissions compared to the previous year, confirming the effectiveness of the key measures implemented during the past year. These include: completing the transition to 100% renewable electricity across the entire building portfolio; increasing in-house renewable energy production from solar panels installed on the roofs of YUNITY Park buildings; achieving BREEAM Outstanding certification for Building F in YUNITY Park; and optimizing energy consumption across the portfolio.
“The independent validation by GRESB of our progress this year stands as proof of Genesis Property’s strategic engagement in the ESG field. We have not only significantly reduced our carbon footprint but also strengthened our transparency and alignment with international standards. In the current context of accelerating the transition to a green economy, Genesis Property is turning sustainability challenges into opportunities for profitable growth, reinforcing its leadership position in advancing ESG principles within the Romanian real estate market,” said Ioan Bejan, Sustainability Director, Genesis Property.
GRESB is the most prestigious organization worldwide that evaluates ESG performance in the real estate and infrastructure sectors, widely recognized as the “ESG barometer” of the global property market. Each year, it assesses and benchmarks the ESG performance of real assets worldwide, delivering trusted insights to financial markets on material performance factors that influence properties’ long-term value.
The GRESB Assessments are guided by what investors and the industry consider to be the most material issues in the performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations. Hundreds of capital providers and thousands of asset managers around the world use GRESB data to benchmark the ESG performance of real estate portfolios and to gain a better understanding of the opportunities, risks, and choices that influence market developments. This year’s participation in the GRESB Real Estate Assessment remained steady and in line with last year’s record levels, despite ongoing market uncertainty and geopolitical headwinds. Together, 1,002 fund managers (including 84 new members) completed 2,382 assessments, with 239 entities taking part in the inaugural Residential Component.
“GRESB Assessment participants are showing that responsible investing is much more than a mandatory direction to follow – it’s a measurable, data-driven pathway to long-term value and trust,” said Sebastien Roussotte, CEO of GRESB.
ESG performance is increasingly becoming a strategic differentiator in a very volatile economic context where regulations are becoming stricter, and stakeholders are demanding more transparency and real positive impact.
“Our continuously improving GRESB score, higher transparency, and commitment to realistic climate targets reflect our ongoing sustainable transition. This progress is the result of a consistent, rigorously implemented strategy designed to generate measurable, independently validated value for our company, our tenants and partners, and most importantly, for the communities we serve,” said Ionel Purice, CEO, Genesis Property.
