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A new sustainability guide to launch for SA’s REITs

The South African REIT Association has announced a strategic partnership with Nedbank Corporate and Investment Banking (CIB) to launch the SAREIT Sustainability Guide which aims to establish sustainability standards and best practice benchmarks for SA’s real estate sector.

Scheduled for imminent release, the SAREIT Sustainability Guide will be an essential resource for property professionals, investors, and stakeholders through the provision of actionable strategies to enhance environmental, social, and governance (ESG) performance within the real estate industry, aligning with global sustainability goals and reinforcing SA REIT and Nedbank CIB’s commitment to driving positive change in the property sector.

The partnership with Nedbank CIB marks a significant milestone for SA REIT as we strive to foster sustainability within our industry,” comments Joanne Solomon, CEO of the SA REIT Association.

The SAREIT Sustainability Guide will equip our members with the tools needed to implement sustainable practices, contributing to the long-term resilience and success of the real estate sector.”

She says the JSE is considering revising its Sustainability and Climate Change Guidance, and the SAREIT Sustainability Guide’s release is strategically timed to incorporate any potential forthcoming changes, ensuring it remains relevant and comprehensive.

“Our collaboration with SA REIT on the SAREIT Sustainability Guide reflects Nedbank CIB’s ongoing dedication to advancing sustainability across all sectors, particularly in real estate,”saysGenevieve Naidoo, Property Finance Divisional Executive at Nedbank CIB.

“By leveraging our expertise in sustainable finance, we aim to drive the adoption of responsible practices within the real estate industry, fostering long-term growth and resilience.”