The company is ranked first in the key Development Component by the 2022 GRESB Real Estate Assessment – a leading environmental, social and governance (ESG) benchmark for the real estate & investment sector
SAN DIEGO–(BUSINESS WIRE)–IQHQ, a premier life sciences real estate development company, demonstrated the company’s expanding commitments to Environmental, Social, and Governance (ESG) transparency and sector leading development practices by participating in the 2022 GRESB Real Estate Assessment. IQHQ was ranked first under the “Development” score within the Americas Technology and Science Sector and received its first Green Star designation.
IQHQ partners with the life science community to develop purpose-driven real estate solutions that inspire continuous progress. The Development component of the Real Estate Assessment measures a developer’s efforts to address ESG issues during design, construction, and renovation of buildings. With much of IQHQ’s portfolio in development, this score assesses the company’s approach to sustainable building strategies and certifications.
“IQHQ is raising the bar in the commercial real estate and life sciences industries through continuous improvement and innovation, which integrates seamlessly with the tenets of sustainability, energy efficiency, and ESG excellence,” said Jenny Whitson, Director of Sustainability & ESG for IQHQ. “By participating in the GRESB Real Estate Assessment, we are demonstrating that the ESG initiatives across our management, development, and construction practices are benchmarked as industry-leading sustainable design strategies within the science community.”
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. GRESB also continues to recognize real estate companies with a score higher than 50 percent of the points allocated to each relevant component with the green star designation.
“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,” said Sebastien Roussotte, CEO of GRESB. “Having industry leaders such as IQHQ participate is important, especially given the exponential growth in life science commercial real estate.”
The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals, and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than USD 8.6 trillion of assets under management, up from USD 6.4 trillion the year before.
GRESB data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future.
As pioneers in developing innovative life science districts, IQHQ is partnering with the life science community to develop purpose-driven real estate solutions that inspire continuous progress. To find out more about IQHQ’s ESG commitments, click the link to view the company’s full ESG Annual Report.
IQHQ is giving progress a home, empowering the life science community to thrive and succeed by creating and developing districts that inspire innovation and drive progress and growth. IQHQ’s focus is to acquire, develop, and operate sustainable transformational life science districts in the innovation hubs of San Francisco, San Diego, and Boston in the United States, and the United Kingdom. IQHQ has offices in San Diego and Boston. To learn more, visit iqhqreit.com or follow us on LinkedIn or Instagram.
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.