Stoneweg US Achieves High Rankings in GRESB Assessment
Performance highlights the company's commitment to sustainability.
Stoneweg U.S., LLC, known for its expertise in managing multifamily real estate, reported exceptional achievements for its portfolio associated with Varia US Properties AG. The recent GRESB report highlighted that this portfolio attained an impressive score of 87 points, earning it a prestigious 4-star rating. Remarkably, this performance propelled Stoneweg US into 3rd place in the competitive "US Listed Multifamily" category, a significant rise from last year’s 4th position and an improvement from the 8th in the year prior.
Driving Sustainability Through Integrity
Stoneweg US emphasizes sustainable asset management, which played a crucial role in achieving these impressive GRESB results. The company’s dedication has transformed Varia US’s performance, driving notable year-over-year improvements across various key areas that are vital to enhancing the portfolio’s overall score.
Leadership in Sustainable Practices
"The achievements we've made for Varia US underline our strong dedication to delivering sustainable practices in the multifamily sector," stated Patrick Richard, CEO of Stoneweg US. "By embedding sustainability at the core of our operations, we ensure both environmental responsibility and high financial returns. Our mission is to add exceptional value to our residents and investors while championing a sustainable future in the communities we serve." This philosophy has allowed Stoneweg US to maintain a forward-thinking approach toward developing sustainable assets.
Year-over-Year Performance Improvements
The 2024 results reaffirm Stoneweg US’s strong position in Varia US’s enhancement in Environmental, Social, and Governance (ESG) criteria:
- In achieving a benchmark score of 87 out of 100, Varia US marked its highest GRESB rating ever, improving from previous scores of 83 in 2023 and 64 in 2022.
- For the second consecutive year, Varia US surpassed the average score of its peers in the same category, achieving 81 points compared to 79 in the prior year.
- By focusing on key sustainability metrics, Stoneweg US drove significant progress in emissions reduction and energy performance. Notably, the company improved GHG (Greenhouse Gas) emissions by 4% and enhanced energy efficiency by 4.5%. Furthermore, Varia US successfully earned ENERGY STAR Performance Certification for 60% of its portfolio.
- The firm has successfully generated 27 MWh of renewable energy in the last year, significantly increasing production by three-fold, and is committed to reducing both water usage and energy consumption intensively.
Pursuing Long-term Environmental Goals
Stoneweg US remains firmly committed to enhancing ESG performance within Varia US’s portfolio. The company is actively increasing sustainable certifications, working closely with site staff and management to ensure these certifications reflect real value in asset management.
In alignment with its sustainability agenda, Stoneweg US has fashioned ambitious targets for the portfolio, aiming for a substantial 20% reduction in energy consumption and water usage by 2033, alongside a 50% cut in GHG emissions using the year 2023 as the baseline year. To reinforce its commitment, Varia US aims for net-zero emissions by 2050, following an alignment with the Science Based Target Initiative.
Commitment to Progress and Innovation
Thomas Stanchak, the managing director of sustainability at Stoneweg US, expressed, "We are thrilled to catalyze and witness the substantial strides in sustainability that Varia US has achieved in GRESB ratings. By concentrating on sustainable resource management, energy efficiency, and emission reductions, we’re witnessing meaningful advancements. Stoneweg US is devoted to achieving these targets while delivering value for both residents and investors, underscoring our leadership in sustainable multifamily real estate."
Conclusion on Sustainability Leadership
The remarkable 2024 GRESB results reaffirm Stoneweg US's firm stance as a leader in sustainable asset management and commitment to responsible investing. To understand more about Stoneweg US’s sustainability initiatives and its range of asset management offerings, one can explore their detailed reports by visiting their official website.
Frequently Asked Questions
What is GRESB, and why is it important?
GRESB, short for the Global Real Estate Sustainability Benchmark, assesses and compares the sustainability performance of real estate assets globally, highlighting best practices and areas for improvement.
How did Stoneweg US perform in the recent GRESB assessment?
In the recent GRESB assessment, Stoneweg US achieved 87 points and a 4-star rating, securing 3rd place in the US Listed Multifamily category, marking a significant improvement from previous years.
What are the key sustainability initiatives of Stoneweg US?
Stoneweg US focuses on energy efficiency, reducing greenhouse gas emissions, and increasing the share of renewable energy generation across its managed portfolios, particularly for Varia US.
What are Varia US’s future sustainability targets?
Varia US aims for a 20% reduction in energy consumption and water usage by 2033, alongside a 50% reduction in greenhouse gas emissions, targeting net zero emissions by 2050.
Who can provide more information about Stoneweg US?
Further information regarding Stoneweg US can be obtained from their official website, which provides thorough insights into their asset management services and sustainability initiatives.
