London, UK – For the second year running, global solar IPP Sonnedix has been named the global ‘Renewable Power: Solar Power Generation’ Sector Leader and awarded a maximum five star rating, for demonstrating outstanding leadership in environmental, social and governance (ESG) performance in the 2019 GRESB Infrastructure Assessment.
Each year GRESB assesses and benchmarks the environmental, social and governance (ESG) performance of real assets worldwide and monitors progress towards global sustainability goals. GRESB Assessments are based on the sustainability performance of real asset investments and are aligned with international reporting frameworks.
The GRESB Sector Leader Awards Program recognizes real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability. Sonnedix achieved an overall GRESB score of 76 out of 100, against a peer average score of 40. The 2019 results award the global solar IPP an overall maximum rating of five stars as well as establishing Sonnedix as the PV Power Generation Sector Leader for sustainability performance.
Axel Thiemann, CEO of Sonnedix, said: “Sonnedix is continuously striving to have a positive impact on the environment, working in partnership with the communities where we operate. Being named Global Solar Power Generation Sector Leader for the second year running reflects our commitment to transparency and accountability in all our business practices – this underpins our reputation as a trusted partner and how we achieve sustainable growth.”
Sander Paul van Tongeren, Co-Founder and Managing Director at GRESB, said: "We congratulate all 2019 Sector Leaders for the significant steps they have taken to manage ESG risks, identify opportunities and find ways to make positive real-world impacts. Your efforts continue to shape the future of sustainability leadership and play a critical role in creating a world with more sustainable buildings and infrastructure.”
The GRESB Real Estate and Infrastructure Assessment results enable global real asset investors and managers to engage on the current state of sustainability in the sector and review emerging trends from the annual Assessments. The stringent assessment covers a range of activities, spanning management, policy and disclosure, risks and opportunities, monitoring and EMS, stakeholder engagement, performance indicators and certification and awards.
GRESB® and the related logo are trademarks owned by GRESB BV and are used with permission.
Sonnedix Power Holdings Limited (together with its subsidiaries, “Sonnedix”) is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance, cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally. For more information about Sonnedix, please visit sonnedix.com
Mission-driven and investor-led, GRESB is the environmental, social and governance (ESG) benchmark for real assets. We work in collaboration with the industry to provide standardized and validated ESG data to the capital markets. The 2019 real estate benchmark covers more than 1,000 property companies, real estate investment trusts (REITs), funds, and developers. Our coverage for infrastructure includes 500 infrastructure funds and assets. Combined, GRESB represents over USD 4 trillion in real asset value. More than 100 institutional investors, with over USD 22 trillion AUM, use GRESB data to monitor their investments, engage with their managers, and make decisions that lead to a more sustainable real asset industry. For more information, visit GRESB.com.