Stoneweg US Excels in GRESB Multifamily Rankings
Stoneweg U.S., LLC, a prominent name in the multifamily real estate asset management arena, is thrilled to highlight a significant achievement in sustainable property management. This exciting progress for the portfolio managed for Varia US Properties AG, ranked third in the 2024 GRESB Listed Multifamily Rankings, reflects Stoneweg US's ongoing dedication to integrating eco-friendly practices into their investment strategy.
Outstanding Performance in GRESB Assessment
The recent GRESB results revealed that Stoneweg US's managed portfolio for Varia US scored an impressive 87 out of 100 points, earning a prestigious 4-star rating. This marked improvement from the previous year highlights the company's strategic advancements in multiple critical facets of sustainability. In terms of rankings, Stoneweg US successfully moved up from fourth place in 2023 to a commendable third place this year.
Sustainable Practices Lead to Improved Rankings
The firm’s focus on sustainable asset management has undoubtedly played a pivotal role in enhancing the GRESB performance of Varia US. With considerable improvements in various dimensions, including Environmental, Social, and Governance (ESG), the commitment is clear: creating sustainable value for investors and residents.
Achievements in Energy Efficiency
One of the standout accomplishments under Stoneweg US's management is the notable year-over-year progress seen in energy efficiency and reduction of greenhouse gas emissions. For instance, Varia US improved its like-for-like landlord-controlled energy performance by 4.5% and reduced Scope 1 and 2 GHG emissions by 4%. Achieving ENERGY STAR Performance Certification for 60% of their portfolio showcases their leadership in the sector.
Future Objectives and Commitments
Stoneweg US isn't just resting on its laurels. The firm has set its sights on long-term sustainability goals, with an ambitious target to reduce energy and water usage by 20% and greenhouse gas emissions by 50% by the year 2033. This forward-thinking approach aligns with global standards established by initiatives such as the Science Based Target Initiative, aiming for net-zero emissions by 2050.
Partnership and Community Sustainability Efforts
In collaboration with Varia US, Stoneweg US is engaging building staff and residents to foster a culture of sustainability across its communities. This engagement ensures that environmental certifications are not just checkbox exercises but provide tangible benefits and insights to the communities served.
Continued Commitment to Excellence
Patrick Richard, CEO of Stoneweg US, expressed pride in this recognition, stating that the results reflect their unwavering dedication to ensuring long-term value through sustainable real estate practices. The continued focus on environmental stewardship is not just a business strategy; it's a profound commitment to the communities that rely on them, enhancing the overall resident experience.
About Stoneweg US
Stoneweg US is a multifamily real estate investment firm situated in downtown, boasting a portfolio valuation close to $2 billion across approximately 11,000 units. Their approach prioritizes sustainability, resilience, and value-added strategies to cultivate communities that benefit residents and investors alike.
Contact Information
For further inquiries, reach out to Tara Kassal at Ascent at 917-406-2162 or via email at tkassal@brand-ascent.com.
Frequently Asked Questions
What is the recent achievement of Stoneweg US?
Stoneweg US ranked third in the 2024 GRESB Listed Multifamily Rankings with 87 points and a 4-star rating for its portfolio managed for Varia US Properties AG.
How has Stoneweg US improved Varia US's GRESB performance?
The firm has enhanced GRESB performance by implementing sustainable asset management strategies and achieving key sustainability certifications.
What sustainability targets has Stoneweg US set for the future?
They aim for a 20% reduction in energy consumption and water usage, alongside a 50% reduction in greenhouse gas emissions by 2033.
How does Stoneweg US engage with community staff and residents?
They work closely with site staff and residents to promote sustainability through engagement and education initiatives, ensuring value from sustainable certifications.
What is the focus of Stoneweg US's investment strategy?
The firm emphasizes asset optimization through sustainability and climate resilience, aiming to deliver healthy returns while enhancing the resident experience.
