News Updates
Novatus Energy receives best 2019 ESG Rating from the GRESB® Infrastructure Assessment
NEW YORK, NY. October 1, 2019 – On September 4, 2019, Novatus Energy received the highest rating (five stars) by the GRESB® organization in connection with their 2019 Infrastructure Assessment. Novatus Energy ranked first in its peer group of 7 participating North American utility-scale onshore wind power generation asset operators, and fourth out of all the 33 participating onshore wind power generation asset operators.
The GRESB Infrastructure Assessment measures how well Environmental, Social and Governance issues are integrated into the management and practices of infrastructure asset operators. The GRESB Assessment is structured into seven sustainability categories. The scores of these categories are then aggregated, resulting in the GRESB® score. A total of 393 global asset operators participated in the 2019 Infrastructure Assessment. The top 20% of all participating asset operators received a 5-Star rating by GRESB®.
Steve Doyon, CEO of Novatus Energy, commented, “We are very pleased to report that Novatus has received the highest GRESB® rating for the third straight year. The rating received is a strong indication of our ongoing commitment to and focus on ESG policies, practices and performance. During the last three years, we have strived for developing and executing on ESG initiatives that have an impact on our communities, employees, customers and investors. We look forward to continuing to promote best ESG practices across our portfolio and company operations.”
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.
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About GRESB
Mission-driven and investor-led, GRESB (Global Real Estate Sustainability Benchmark) 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.
Learn more at GRESB.com.