Centennial, Colorado (October 12, 2023) - Summit Utilities, Inc., (Summit) is honored to announce it earned a 98 on its 2022 Environmental, Social, and Governance (ESG) evaluation by Global Real Estate Sustainability Benchmark (GRESB). The company earned this score for the second consecutive year. In addition, Summit received a five-star rating for the second time and ranked 33rd overall out of 681 GRESB participants. Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics.
“We are honored to receive the high score of 98 for two years in a row,” said Lizzy Reinholt, Senior Vice President of Corporate Affairs, Sustainability, and Marketing for Summit. “The ESG evaluation is directly linked to the dedication and commitment our Summit team members have to address, plan for, and mitigate climate and social risks to our company while also being a good community member, employer, and environmental steward.”
GRESB is a globally recognized, independent rating service. GRESB data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future.
“Reviewing the benchmarks for this year, it's evident that the industry's dedication to ESG principles is stronger than ever, as showcased by the continued increase in participation and broader data coverage. We applaud investors and managers in the real assets sector for their resolute pursuit of sustainability,” said Sebastien Roussotte, CEO of GRESB.