Tipping the Balance - EPRA Sustainability Awards 2014
The EPRA Sustainability Best Practices Recommendations (sBPR) are intended to raise the standards and consistency of sustainability reporting for listed real estate companies across Europe. As with the
EPRA Financial BPR awards, those companies judged to have the best compliance with the sBPR have been given gold, silver and bronze awards.
It is encouraging to see that the number of companies reporting at least one performance measure, as well as the number of companies achieving awards, has steadily increased over the past 3 years. In 2014, the balance has in fact been tipped: this year, the majority of companies disclosed at least one sustainability performance measure. For the first time this year, it can be said that those companies not disclosing are being left behind.
In addition to the increased uptake of the sBPR, we have also witnessed better-quality reporting, with 40% of companies improving their scores this year compared to last year, and the average score for all 86 companies rising from 22% in 2012, to 34% in 2014.