GLP Capital Partners Reports Strong Environmental, Social and Governance Progress in 2023
SINGAPORE, 22 July 2024 – GLP Capital Partners (“GCP”), a leading global alternative asset manager, announced today the publication of its 2023 Sustainability Report. The report is prepared in accordance with Global Reporting Initiative (GRI) Universal Standards 2021 and highlights the progress of GCP’s ESG strategy and integration in line with its four key priorities to:
- Enhance environmental performance and resilience
- Advance social impact and inclusion
- Strengthen governance and ethics
- Drive economic value and growth
“Driving long-term economic growth remains a core focus for GCP and by integrating ESG principles across our business, we proactively address risks and opportunities of a complex and dynamic world including megatrends such as climate change, digital transformation, social inequality, and geopolitical instability, which ultimately creates greater resilience and value creation,” said Ming Mei, Founder and CEO of GCP. “Our vision is to become a leader in sustainability and ESG among our peers and our industry by addressing impacts on both people and the environment.”
“Every year we make considerable progress, and we drive to evolve and strengthen our policies and programs with the goal of further embedding sustainability into GCP’s business, culture, and investment practices.” said Meredith Balenske, Global Head of Sustainability and ESG at GCP.
2023 GCP Sustainability Report Highlights
GCP made significant strides in enhancing environmental performance by reducing carbon emissions through engagement activities, energy efficiency measures and transitioning to renewable energy, including achieving 890MW of renewable energy capacity[1] and delivering six net-zero carbon buildings[2] in 2023. A decarbonization roadmap and strategy planning was also initiated to reduce carbon emissions and environmental impact in the largest and most material portions of the business.
During the year, GCP launched OneESG, a global data management system to enhance collection and visualization of data collected from over 700 assets, while supporting both mandatory and voluntary reporting requirements. Additionally, GCP improved its pre-investment ESG due diligence process through the rollout of a climate risk score that highlights factors to GCP’s global investment committee when making decisions related to financial risk.
As testament to efforts on the environmental front, GCP achieved 571 green building and energy certifications in 2023, raising the total certified gross floor area to 18.19 million sqm. 18 GCP funds also received Green Star designation from GRESB with improved aggregate scores year-over-year.
To advance social impact, GCP established the Jeffrey H. Schwartz Foundation and hosted its inaugural Global Day of Giving with over 900 employee volunteers across global offices contributing 3,800 hours of service.
GCP continues to leverage its sustainability and ESG performance as a source of differentiation, innovation and opportunity. By integrating ESG performance across its business, GCP proactively addresses risks and opportunities of a complex and dynamic world, driving economic value and growth for all its stakeholders.
The complete report is available online here. For more information on GCP’s ESG and sustainability efforts, visit: www.gcp.com/responsible-investing/
[1] Includes installed solar and wind capacity directly or indirectly controlled, managed, owned, and hosted and does not include purchased renewable energy
[2] Verified using the UK Green Building Council (UKGBC) framework definition
About GLP Capital Partners (“GCP”)
GLP Capital Partners (“GCP”) is a leading global alternative asset manager that focuses on thematic investing across real assets and private equity. With $124 billion in total assets under management across 63 funds as of 31 March 2024, GCP has a strong history of leadership in high-growth Asian markets and a track record of success at scale in the US, Europe and Brazil. GCP is the exclusive investment and asset manager of GLP Pte Ltd. To learn more about GCP, please visit www.gcp.com.
Media Contacts
Rachel Sin, GLP Capital Partners
Email: rsin@gcp.com
Angela Campbell-Noë, Teneo
Email: angela.campbell-noe@teneo.com