GRESB sustainability benchmarks 2024 - Keyton
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Sustainable retirement living in Richmond

Keyton demonstrates global and regional leadership in the GRESB sustainability benchmarks

Monday, 11 November 2024

Keyton’s retirement living portfolio continues to demonstrate outstanding performance in the 2024 Global Real Estate Sustainability Benchmark in the non-listed residential category for the Oceania region.

“This year we achieved a 5-star GRESB rating in our development portfolio and 4-star in our existing villages. We are proud to be recognised as sustainability leaders amongst our peer group,” Keyton CEO Nathan Cockerill said.

The GRESB Real Estate Assessment is the global standard for ESG benchmarking and reporting. The assessment is based on environmental, social and governance performance and best practices for real estate funds and companies worldwide.

“In 2024 we led strongly with our retirement development projects, scoring 100/100 against a peer group average of 93/100, recognised as both the regional and global sector leaders in Residential. For our existing retirement villages, we scored 86/100 against a peer group average of 78/100 and recognised as the regional sector leader.”

“What does it mean to be a GRESB Sector Leader? It’s an acknowledgment of leadership and a demonstration of the deep dedication and excellence that is driving the industry forward.” 

“GRESB Sector Leaders help set the pace for the industry, leading the way towards a more sustainable future. We are both proud of and encouraged by this year’s Sector Leaders for their dedication, leadership, and commitment to ESG principles and sustainability.” said Sebastien Roussotte, CEO of GRESB.

Keyton’s GRESB performance recognises it has the policies, procedures, and structures in place to drive good environmental and social performance and governance practices. 

“Sustainability continues to be a priority for Keyton, and these results reflect our ongoing effort to create great places that deliver environmental and social value,” Keyton’s Head of Safety, Sustainability and Wellbeing Kara Pisani said.

“They also demonstrate our ongoing commitment to environmental, social and governance (ESG) principles in our investment processes, development and the operation of our villages.

“GRESB is important to Keyton, and our investors, as it provides a globally consistent and transparent framework to measure ESG outcomes in the real estate sector,” Kara Pisani said. 

Keyton’s year on year environmental performance across its operational villages, achieved:

  • A 6.8% reduction in Scope 1 and Scope 2 GHG Emissions
  • A 2.7% reduction in potable water consumption
  • A 3.0% reduction in total waste generation.

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Tim Mahony