NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. today announced that it has earned a 5 Star rating for its performance in the 2022 Global Real Estate Sustainability Benchmark (GRESB), which is the highest rating offered by GRESB for distinguished Environmental, Social and Governance (ESG) leadership and performance. Columbia also achieved the highest overall GRESB score among its 11-company non-public peer group.
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, and this year its ESG Assessments covered more than USD 8.6 trillion of assets under management. The GRESB 5 Star rating recognizes Columbia for achieving a score among the highest 20% of all 1,820 participants’ scores in the 2022 Real Estate Assessment worldwide. For 2022, Columbia also earned a GRESB Green Star Ranking for the third consecutive year.
“The GRESB 5 Star Rating reflects Columbia’s dedication to creating a resilient company and healthier planet,” said Amy Tabb, Executive Vice President of Business Development and Innovation at Columbia and head of the company’s ESG program. “We are honored to be recognized as an ESG leader in our industry for our team’s collective efforts to make meaningful progress toward long-term solutions for our environment and our society.”
Sebastien Roussotte, CEO of GRESB, said, “With more fund managers and asset owners reporting to GRESB than ever before, we are proud to see the global real assets industry deepen its commitment to ESG transparency and pave the way for a more sustainable future.”
In 2022, Columbia’s commitment to responsible operations has also led to its being named an ENERGY STAR “Partner of the Year” by the U.S. Environmental Protection Agency for a second consecutive year, as well as a Platinum-level “Green Lease Leader” by the U.S. Department of Energy for implementing lease language that advances sustainability and health goals. Columbia has also been recognized for multiple years as one of the "Best Places to Work in NYC" by Crain’s New York Business and is a certified Great Place to Work. In 2021, Columbia was named one of Fortune’s “Best Workplaces in New York” among Small and Medium-sized employers.
Learn more about Columbia’s ESG program and initiatives at https://columbia.reit/responsibility/.
About Columbia Property Trust
Columbia Property Trust creates storied properties for legendary companies in New York, San Francisco, Washington D.C., and Boston. Columbia uses its experience in transactions, asset management and repositioning, leasing, development, and property management to grow value across its high-quality, eight million square foot portfolio of owned and managed assets. For more information, please visit www.columbia.reit and follow @columbiacxp on Instagram, Linked, and Twitter.
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by more than 170 institutional and financial investors to inform decision-making. For more information, visit GRESB.com.