Vital achieves 5-Star ESG rating, ranked in top quartile (globally) for listed healthcare
NorthWest Healthcare Properties Management Limited (NorthWest), as manager of Vital Healthcare Property Trust (Vital), is pleased to announce that Vital has achieved a 5-Star rating from independent standards organisation GRESB (formerly known as the Global Real Estate Sustainability Benchmark) among other notable achievements.
GRESB produces international benchmarks to rate the environmental, social and governance (ESG) performance of property and infrastructure entities with an aggregate investment value of ~US$5.3 trillion.
Vital’s GRESB results include top quartile in:
- Listed healthcare globally in “Performance” and “Developments” in this category
- Standing investments across healthcare peers globally
- “Developments” in the Oceania region for listed entities
Vital’s Fund Manager Aaron Hockly said:
“Investors are increasingly looking at entities’ ESG performance as part of their overall risk management capability. The GRESB ratings give investors a clear and simple way to compare entities with each other and to ensure they invest in a business that matches their appetite for risk and their ethical preferences.
Vital’s strategy is focused on maintaining a portfolio of high-quality assets to deliver long-term rental return and capital growth to Vital’s Unit Holders. ESG considerations form a core part of this strategy.”
Mr Hockly also said that as members of the New Zealand Green Building Council and the Green Building Council of Australia, Vital would continue to focus on improving the green attributes of its standing investments and continue to ensure new developments and acquisitions incorporate green building technology.
NorthWest released its first sustainability report in 2021 and Vital’s outperformance reflects the group-wide commitment from NorthWest to enhance ESG across its managed platforms including Vital.
First “Green Star Communities” registered health precinct
NorthWest is also pleased to announce that Vital’s Macarthur Health Precinct in Campbelltown, NSW has been registered with GBCA’s Green Star Communities v1.1 tool and is targeting a 5 Star Green Star Communities rating. The Precinct is the first health precinct in Australia to have registered with Green Star Communities.
First “6-star Green Star” registered Medical Office Building in South Australia
Last week, Vital and NorthWest Healthcare Properties Australia were proud to mark the commencement of construction of Stage 2 of the ~A$165 million Playford Health Hub in Adelaide, South Australia. Stage 2 of the three-stage healthcare precinct will be a A$51 million state-of-the-art Specialist Medical Centre. The development will be South Australia’s first 6-star Green Star registered Medical Office Building, and when complete will be powered by 100% renewable energy.
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