GLP Publishes Global 2020 ESG Report
Singapore, 12 August 2021 – GLP announced today it has released its 2020 Global Environmental, Social and Governance (ESG) Report, demonstrating the firm’s ongoing commitment to sustainability through its expanded ESG policy and initiatives.
“During 2020 we took our sustainability responsibilities to the next level, spending the majority of the year evaluating what we had accomplished and expanding our ESG policy to better integrate sustainability measures into our business and investment decisions,” said Ming Mei, Co-Founder and CEO of GLP. “As a global leader and pioneer in our industry, we have a responsibility to our shareholders, investors, customers, partners and ourselves to be ambitious in our sustainability efforts and we plan to deliver on that responsibility across the markets and in the communities where we work and operate.”
GLP’s 2020 ESG highlights:
- Launched an updated ESG policy and due diligence process to incorporate more ESG considerations into the investment review process;
- Achieved the world’s first building verified as Net Zero Carbon for Construction in Europe using the UKGBC Net Zero Carbon Buildings Framework Definition;
- 21% of GLP buildings1 are green certified to the standards of LEED, BREEAM, HQE, DGNB, CASBEE, BELS, China Three Star and IFC EDGE;
- Reached 224 MW solar power generating 235,000 MWh, allowing its rooftop solar capacity to reduce CO2 emissions equivalent to that generated by more than 30,3002 households per year;
- Formed a partnership with Contemporary Amperex Technology Ltd. (“CATL”) to expand the use of clean energy in logistics and transportation;
- Raised more than US$2.3 billion3 of sustainability linked loans and green bonds;
- Supported customers to achieve their sustainability goals that incorporate elements such as increased insulation, LED lighting, water reuse systems, solar and renewable energy and more;
- Increased the size of GLP China’s Spring Charity Foundation to support 24,000 students in 56 schools; and
- Launched an internal learning platform with over 100 diversity and inclusion programs courses to upskill and train colleagues.
Notably, in 2021 GLP intends to increase its solar capacity by more than 100%, adding 250 MW across approximately 75 properties. The growing global demand for low-carbon and renewable energy has led to continued growth opportunities for GLP buildings which are sources of renewable energy generated by rooftop photovoltaic (PV) panels.
GLP is committed to a broad range of ESG policies and initiatives that will manage risk, elevate the business, create value for investors, support employees and customers, and show respect to the local communities.
GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allow us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have more than US$110 billion in assets under management in real estate and private equity. Learn more at glp.com/global.
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1By gross floor area (GFA) as of December 31, 2020
2Calculated using the US Environmental Protection Agency Greenhouse Gas Equivalencies Calculator; based on average U.S. households.
3As of June 30, 2021