GRESB sector leader: Better Returns, Better World

26 November 2018

Ørsted is named Sector Leader in the 2018 GRESB Infrastructure Assessment, for incorporating sustainability into operations and communicating performance to investors.

 

The GRESB assessment helps investors to understand the economic and social impacts of infrastructure assets such as offshore wind farms or power plants, by measuring their impacts in a standardized and comparable way.

Ørsted achieved the highest overall score in the “diversified” asset sector in the Assessment, reflecting the company’s mixed portfolio of offshore and onshore wind, bioenergy, thermal power, and energy services.

“Some investors say they want to not only deliver strong returns, but also ensure that pensioners get to enjoy their retirement in a world that's worth living in,” says Rick Walters, Director Infrastructure at GRESB BV, which organizes the assessment. “It’s a trend driven by general societal concerns, as well as by millennial investors embracing social and environmental concerns in their pension investment choices,” he adds.

Why ESG matters
That trend partly explains why institutional investors such as pension funds and banks are increasingly interested in environmental, social and governance (ESG) data, which helps provide a more complete picture of a company’s performance. “Such information helps show that important risks are being appropriately managed, which is particularly important with long-life assets like infrastructure,” Walters says.

Investors are also looking for investment strategies that produce targeted sustainable outcomes that relate to specific infrastructure assets, such as minimising greenhouse gas emissions, or contributing positive social impacts for local communities. ESG ratings and assessments can help guide investors in that process.

“We disclose to GRESB because their ratings are used by a number of our important institutional investors who invest directly in our offshore wind farms,” says Christine Sobieski, Senior Sustainability Advisor at Ørsted.

The assessment helps benchmark our progress and sustainability performance against peers and shows investors that we are a high-performer in ESG.
Christine Sobieski, Senior Sustainability Advisor at Ørsted

"We’re delighted to be named a GRESB Sector Leader.” she adds.

GRESB says that achieving Sector Leader status is recognition of best practice in ESG performance by funds and assets.

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