ESG Performance

First Korean listed company to acquire GRESB’s 5 Stars

Global Real Estate Sustainability Benchmark (GRESB) is the world’s most authoritative ESG evaluation that comprehensively evaluates real estate real assets and management companies on their impact on the environment and relationships with stakeholders.

ESR KendallSquares REIT was the first Korean listed company to participate in the evaluation of “GRESB 2022 Real Estate,” a global real estate ESG evaluation agency, and recorded the highest rating of “5 Stars.” The first evaluation of ESR KendallSquares’ 7 logistics portfolios (46% of the total 19 holding assets with a total floor area of 1,205,679 m²) laid the groundwork for the sustainability of the Korean real estate industry. The highest grade of GRESB certification is the result of maintaining not only the efficiency gained from operating logistics assets but also the ESG initiatives that meet eco-friendly global standards.

In addition, ESR KendallSquare, the sponsor, has obtained first place in all Asian industries and the highest grade of GRESB, “5 Stars,” in the GRESB Developer Evaluation, the most authorized global ESG evaluation standard, to become the ESG management leader in all industries in Asia.

ESR KendallSquare REIT (365550 KS)
Subsidiary-REIT 1
Asian Industrial Real Estate 5 Star

  • Bucheon Cold Logistics Park

  • Goyang Logistics Park

  • Yongin Logistics Park 1

  • Icheon Logistics Park 2

  • Icheon Logistics Park 3

  • Gimhae Logistics Park 1

  • Anseong Logistics Park 1

Development and operation of
eco-friendly
logistic centers

ESR KendallSquare REIT logistics center continues to make efforts to have a healthy-friendly and positive impact on the natural environment, our tenants, and diverse stakeholders. Major portfolio assets have acquired LEED (Leadership in Energy & Environmental Design), a global green building certification, as part of an effort to minimize environmental impact.


In addition, we strive to ensure the safety of tenants by acquiring WELL Health Safety Rating (WELL HSR) to reduce the risk of spreading COVID-19 and other diseases.


For example, the Goyang logistics center, where ESG items, such as water saving facilities, highly energy-efficient LED lighting, energy-saving waste heat recovery ventilation system and eco-friendly materials, are installed, has acquired diverse green building certifications (LEED BD+C, LEED O+M, WELL HSR, G-SEED, and so on).

  • WELL Health-Safety
    Rating

  • US Green Building Council
    LEED Gold

  • Green Building Certification
    (Excellent - Green 2nd grade)

  • Building Energy Efficiency Rating Certification
    (1st Grade)

Major
eco-friendly asset:
Goyang Logistics Park

  • Water-saving facilities:
    Water supply facilities, shower facilities, restrooms, etc.

  • High-efficiency LED lighting

  • Energy-saving ventilation system enabled by waste heat recovery

  • Design to improve thermal efficiency:
    Low-E coating windows

  • Resources and materials:
    Storage and collection of recyclable items

  • Zero emission of Freon gas (chlorofluorocarbon)

  • Site design with water efficiency in mind

  • Alternative eco-friendly means of transport:
    Bike parks, carpooling

  • Carparking and carpooling areas with reduced exhaust emissions and improved fuel efficiency