In 2024, Varia US was evaluated for the third time by the influential Global Real Estate Sustainability Benchmark (GRESB). This annual assessment is guided by what investors and the real estate industry consider to be material issues in the sustainability performance of asset investments; the data is used by capital providers and asset managers worldwide to benchmark investments across portfolios.
The 2024 assessment result shows again a very strong performance of Varia US in terms of Environmental, Social and Governance dimensions:
- With the benchmark score of 87/100 and again a 4-star rating, the Company achieved its strongest GRESB result so far (2023: 83/100, 2022: 64/100).
- For the second time in a row, Varia US outperformed the peer average (2024: 81/100, 2023: 79/100).
- In comparison with its peer group, Varia US ranked 3rd out of 11 in the “US Listed Multifamily” category in 2024, improving from 4th in 2023 and 8th in 2022.
- Varia US has made notable year-on-year progress in key areas, including risk assessment and asset-level data for greenhouse gas emissions, water consumption and waste production and diversion. Improved like-for-like landlord-controlled energy performance by 4.5%, reduced Scope 1 & 2 GHG emissions by 4%, and achieved ENERGY STAR Performance Certification for 60% of the portfolio, significantly outperforming benchmarks and demonstrating the company’s leadership in energy efficiency and sustainability.