RREEF Real Estate, the real estate investment management business of Deutsche Asset Management, has published its first annual Sustainability Report, for the period January 1, 2010 through June 30, 2011. The report outlines in detail why RREEF Real Estate is focusing on sustainability, identifies its achievements to date, and provides insights in to how it envisions expanding its sustainability strategy over the coming months and years to deliver maximum value to clients.
Pierre Cherki, Global Head of RREEF Real Estate, said: “Around the world, a significant percentage of primary energy use is from commercial buildings, and we therefore strongly believe that a sustainable approach to real estate investment management is crucial for the long term. Increasingly, our investors are demanding sustainable investment options while tenants seek more environmentally considerate workplaces and homes.”
The report addresses RREEF Real Estate’s sustainability framework based on a set of guiding principles adopted by the RREEF Real Estate’s Sustainability Council in November 2010. It also looks at RREEF Real Estate’s green certifications and its involvement as a founding member of the Greenprint Foundation, which is a worldwide alliance of leading real estate owners, investors and financial institutions committed to reducing carbon emissions across the global property industry.
The report also draws attention to major projects for which RREEF Real Estate is gaining recognition around the globe. In the Americas, this includes a trophy class A office building in Los Angeles, California , whereby the property consistently achieves Energy STAR labels, and received a LEED-EB O&M Silver certification in 2009.
Read the full report, RREEF Real Estate: 2011 Sustainability Report, below.