Fortune REIT was the first and only Hong Kong REIT to earn the highest 5-Star rating and was ranked second in the Eastern Asia Listed Retail category in 2022. Fortune REIT was also ranked fifth globally in the Listed Retail Entities category in 2021. Since its first participation in GRESB in 2019, Fortune REIT has made consistent and comprehensive improvements on multiple ESG fronts, such as building certifications and risk management.
Global Real Estate Sustainability Benchmark (GRESB) Assessments are investor-driven with the purpose of assessing and benchmarking the ESG performance of real asset sector portfolios and assets worldwide to provide standardized and validated data to the capital markets. It aims at capturing information on ESG performance and sustainability best practices for real estate and infrastructure companies, funds, and assets worldwide.
Since 2017, Fortune REIT is included under the Hang Seng Corporate Sustainability Benchmark Index, attaining a sustainability rating of A or above for 6 consecutive years, which is an affirmation of our persistent pursuit of excellence in Environmental, Social and Governance.
Hang Seng Corporate Sustainability Benchmark Index (HSSUSB) includes Hong Kong-listed companies that perform well with respect to corporate sustainability. Constituent selection is based on a robust process that includes consideration of the results from a sustainability assessment undertaken by Hong Kong Quality Assurance Agency (HKQAA), an independent and professional assessment body, using its proprietary sustainability assessment and rating framework. The process ensures that indexes in the Hang Seng Corporate Sustainability Index Series are objective, reliable and of high investability, making them excellent benchmarks for index funds that adopt a corporate sustainability theme.