Novatus Energy receives best 2018 ESG Rating from the GRESB® Infrastructure Assessment
NEW YORK, NY. October 15, 2018 – On September 7, 2018, Novatus Energy received the highest rating, a 5-star rating, by the GRESB® organization in connection with their 2018 Infrastructure Assessment. Novatus Energy received this rating for the second consecutive year.
The GRESB Infrastructure Assessment measures how well Environmental, Social and Governance issues are integrated into the management and practices of infrastructure assets. The Assessment is structured into eight sustainability categories. The scores of these categories are then aggregated, resulting in the GRESB® score. A total of 280 global assets participated in the 2018 Infrastructure Assessment. The top 20% of all participating assets having the highest scores received a 5-Star rating by GRESB®.
Steve Doyon, CEO of Novatus Energy, commented, “We are extremely proud to report that Novatus Energy has for the second straight year received the highest GRESB® rating. The rating reflects a third-party validation on Novatus Energy’s commitment to sustainability and focus on strong ES&G principles which are a core part of our values and culture. We look forward to continue doing business in a sustainable manner and supporting our local communities.”
About Novatus Energy
Novatus Energy is a North American privately-held renewable energy platform that currently owns interests in a 1.6 GW portfolio of operational wind and solar projects in the US, consisting of 7 wind projects (1,043 MW) and a portfolio of 25 solar PV projects (543 MWac). Headquartered in New York City, Novatus Energy is wholly owned by institutional investors advised by J.P. Morgan Asset Management. For more information, please visit www.novatusenergy.com.
GRESB is an industry-driven organization transforming the way capital markets assess the Environmental, Social and Governance (ESG) performance of real asset investments. The GRESB® Infrastructure Assessment covers 64 funds and 160 assets. The GRESB® Real Estate Assessment covers 850 property companies and funds, jointly representing more than USD 3.7 trillion in assets under management. The GRESB® Real Estate Debt Assessment includes 25 participants.
GRESB® data and analytical tools are used by 66 institutional and retail investors, including pension funds and insurance companies, collectively representing over USD 17 trillion in institutional capital, to engage with investment managers to enhance and protect shareholder value.
Greater transparency on ESG issues has become the norm, with GRESB® widely recognized as the global ESG benchmark for real assets. Learn more at www.GRESB.com.
GRESB® is a trademark owned by GRESB BV and is used with permission.