London, UK – Global solar IPP Sonnedix has been named the Photovoltaic (PV) Power Generation Sector Leader by GRESB for its outstanding sustainability performance in the 2018 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 83 out of 100, against a peer average score of 50. The 2018 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.
“Being recognized as the Sector Leader in sustainability is very important to Sonnedix as we strive to have a positive impact on the environment and communities within which we work,” said Axel Thiemann, CEO of Sonnedix. “Integrating responsible, forward-thinking corporate policies into our daily business practices is fundamental to our sustainable growth as we develop, finance, build and operate solar plants around the world.”
“We are proud to recognize the 2018 Sector Leaders for the significant steps they have taken to incorporate sustainability into their operations and communicating their performance to investors” says Sander Paul van Tongeren, Managing Director at GRESB. “The Sector Leaders have set the bar even higher for sustainability performance in 2018, while at the same time paving the way for the entire sector to follow.”
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.
The GRESB Real Estate and Infrastructure Assessment results present a unique opportunity for 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.
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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
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GRESB is the global environmental, social and governance (ESG) benchmark for real assets. Working in collaboration with the industry, GRESB defines the standard for sustainability performance in real assets, providing standardized and validated ESG data to more than 70 institutional investors – representing over USD 18 trillion in institutional capital. In 2018 a record 903 property companies and funds participated in the GRESB Real Estate Assessment, the Infrastructure Assessment covered 75 funds and 280 assets, and 25 portfolios completed the Debt Assessment.