ESR India Receives A 5-star Rating At The 2022 GRESB Assessment In Recognition For Exemplary ESG Performance

The only new economy real estate developer in India to receive a 5-star rating


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MUMBAI, 20 October 2022 – ESR Group Limited ("ESR" or the "Company", together with its subsidiaries as the "Group"; SEHK Stock Code: 1821), APAC's largest real asset manager powered by the New Economy, has achieved outstanding results in the 2022 Global Real Estate Sustainability Benchmark ("GRESB") Assessment. These results recognise the Group's Environmental, Social and Governance ("ESG") leadership and commitment across business units.

ESR India Logistics Fund Pte Ltd has received a 5-star rating for its superior development in line with the best ESG practices. This makes ESR India the only new economy real estate developer in India to receive a 5-star rating. Development ratings are based on building design, site selection and construction during the reporting period.

Jeffrey Shen and Stuart Gibson, ESR Co-founders and Co-CEOs, said: "ESG is core to our business and a key driver of our next stage of growth. We are proud to have achieved another year of outstanding scores and thank GRESB for the strong recognition of our excellent ESG performance. The consistent recognition by international indices such as GRESB cements our position as an ESG leader in real estate. We will continue to advance our ESG priorities to deliver resilient and sustainable long-term value for our stakeholders."

ESR has actively participated in the GRESB since 2014, a world leading ESG benchmark for real assets with more than 1,800 participants globally. Companies often use GRESB to compare ESG performance against their peers and show improvements. This year, ESR has 37 listed REITs and private funds participating in the GRESB, representing approximately more than a third of the Group's portfolio.

Abhijit Malkani, CEO of ESR India, said: "ESG has always been the cornerstone of our business since we started operations in India, and we are thrilled to receive a 5-star rating at the GRESB Assessment in recognition of our efforts. We strive to achieve best-in-class design and development. Our parks are pre-certified by India Green Building Council and have consistently achieved platinum and gold ratings. As the ESG leader in India, we will continue this momentum with renewable energy integrations, using new-age construction technology to minimise impact on the environment and increase our community initiatives."

Tang Boon Kang, ESR Group Head, Governance & Sustainability and Emma Larsson, ESR Group ESG Officer, said: "ESR has made great progress on our ESG efforts in our ESG 2025 Roadmap. We have continued to integrate ESG into all aspects of our business, from financial management to operations and future planning, and sustainability features are increasingly being incorporated in the development of our assets. We will continue to accelerate best-in-class practices to drive ESG initiatives across the entire ESR Group."

ESR has made great strides towards accelerating its ESG efforts across multiple aspects of its business, including sustainable financing, green building certifications, renewable energy, diversity and inclusion, and community engagement. In September 2022, ESR closed its fifth sustainability-linked loan ("SLL"), representing a total of approximately US$3 billion in SLLs across the Group in 12 months, reinforcing the Group's leadership in sustainable financing. The Group also recently became a signatory to the United Nations-supported Principles for Responsible Investment ("PRI"), affirming its commitment to adopt and promote responsible investment practices as part of its ongoing ESG efforts.

About ESR

ESR is APAC's largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally. With over US$140 billion in total assets under management (AUM), our fully integrated development and investment management platform extends across key APAC markets, including China, Japan, South Korea, Australia, Singapore, India, New Zealand and Southeast Asia, representing over 95% of GDP in APAC, and also includes an expanding presence in Europe and the U.S. We provide a diverse range of real asset investment solutions and New Economy real estate development opportunities across our private funds business, which allow capital partners and customers to capitalise on the most significant secular trends in APAC. ESR is the largest sponsor and manager of REITs in APAC, with a total AUM of US$45 billion. Our purpose – Space and Investment Solutions for a Sustainable Future – drives us to manage sustainably and impactfully, and we consider the environment and the communities in which we operate as key stakeholders of our business. Listed on the Main Board of The Stock Exchange of Hong Kong, ESR is a constituent of the FTSE Global Equity Index Series (Large Cap), Hang Seng Composite Index and MSCI Hong Kong Index. For more information on ESR, please visit or

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