The Dutch pension fund is working with investment managers to make the social impact of property investing more quantifiable on a per fund basis even as poor measurement remains a challenge for the sector.
Adoption of a real estate benchmark in Asia is increasing as leading European pension funds place reporting at the heart of their emissions reduction efforts.
The head of ESG at Allianz Real Estate said that making brown buildings green adds only 5% to 10% to renovation costs. Yet some investors are reluctant to make the changes.