BOSTON-IQHQa leading life sciences real estate development company, demonstrated the company’s growing commitment to environmental, social and governance issues (IT G) Transparency and industry-leading development practices by participating in the 2022 GRESB real estate assessment.
IQHQ was ranked #1 under the Development score in America’s technology and science sector and received its first Green Star designation.
IQHQ partners with the life sciences community to develop purpose-driven real estate solutions that inspire continuous progress. The development component of real estate appraisal measures a developer’s efforts to address ESG issues during the design, construction and renovation of buildings. With much of IQHQ’s portfolio under development, this score evaluates the company’s approach to green building strategies and certifications.
“IQHQ is raising the bar in the commercial real estate and life sciences industries through continuous improvement and innovation, which aligns seamlessly with the principles of sustainability, energy efficiency and ESG excellence,” said Jenny Whitson, Director of Sustainability & ESG at IQHQ. “By participating in the GRESB Real Estate Assessment, we demonstrate that the ESG initiatives in our management, development and construction practices are recognized as best-in-class sustainable design strategies in the scientific community.”
Each year, GRESB assesses and compares the ESG performance of assets worldwide, providing financial markets with clarity and insights into complex sustainability issues. GRESB continues to recognize real estate companies with a Green Star score of more than 50 percent of the points awarded for each relevant component.
“With more fund managers and asset owners reporting to GRESB than ever before, we’re proud to see the global real estate industry deepening its commitment to ESG transparency and paving the way for a more sustainable future,” said Sebastien Roussotte, CEO of GRESB. “The participation of industry leaders like IQHQ is important, especially given the exponential growth of commercial real estate in the life sciences space.”
The GRESB ratings are guided by what investors and the industry consider to be material aspects of the sustainability performance of investments and are aligned with international reporting frameworks, targets and emerging regulations. The GRESB ESG benchmark grew this year to include more than $8.6 trillion in assets under management, up from $6.4 trillion last year.
GRESB data is used by hundreds of funders and thousands of wealth managers to evaluate investments across portfolios and better understand the opportunities, risks and decisions that need to be made as the industry transitions to a more sustainable future.
As pioneers in developing innovative life science districts, IQHQ partners with the life science community to create purpose-driven real estate solutions that inspire continued progress. To learn more about IQHQ’s ESG commitment, click the link to view the company’s full ESG annual report.