Four-Star GRESB Rating for the Aviva Irish Commercial Property Fund
A Testament to Commitment to ESG
The Aviva Irish Commercial Property Fund has achieved a four-star rating in the 2025 GRESB (Global Real Estate Sustainability Benchmark) Real Estate Assessment. Scoring an impressive 86 out of 100 points, this marks the fourth consecutive year of improvement, up from 58 points in 2022 — a clear signal of our commitment to sustainability, transparency, and long-term value creation.
Why this matters to brokers:
GRESB ratings help brokers:
- Demonstrate ESG commitment: A four-star rating demonstrates to clients that the Fund is aligned with global sustainability standards.
Support regulatory compliance: GRESB data helps us meet SFDR and other ESG disclosure requirements. - Strengthen client trust: independent validation of the Fund’s ESG performance helps brokers reassure customers of the Fund’s sustainability credentials.
With ESG now central to client expectations and regulatory frameworks, GRESB provides a trusted benchmark to guide investment decisions and reporting.
ESG in Action: What’s Driving the Score?
The Fund’s performance is underpinned by robust data coverage and targeted sustainability initiatives:
- Energy & Emissions: 100% landlord and 98% tenant data collected
- Water: 88.5% landlord and 87.7% tenant data coverage
- Waste: 81% total data coverage
Recent initiatives include:
- Smart meter installations for energy efficiency
- LEED-certified office redevelopments
- Tenant engagement via green clauses and newsletters
- Waste reduction and recycling infrastructure
- 100% renewable energy for landlord-managed properties
These efforts not only improve ESG performance but also future-proof assets and enhance tenant satisfaction.
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To Follow
| Warning: If you invest in this product you may lose some or all of the money you invest. Warning: Past performance is not a reliable guide to future performance. Warning: The value of your investment may go down as well as up. |
General advice disclaimer: The information in this article does not constitute investment advice. It does not consider the investment objectives, financial position or needs of any particular investor. Before making an investment decision, your clients should consult suitably qualified and independent investment, taxation and regulatory advisors to discuss your specific situation and investment objectives. The investment strategies and risk profiles outlined in this article may not be suitable for your client’s specific investment needs.
Important information: The fund referred to in this document may be linked to an insurance-based investment product and the Key Information Document (KID) for this product is available at www.aviva.ie/kids/. The Risk Ratings of the funds referred to in this document differ from the corresponding Summary Risk Indicators shown in the KID.
Property Moratorium
Aviva Life & Pensions Ireland DAC has a responsibility to treat all policyholders fairly and equitably. Due to recent net outflows from the Aviva Irish Commercial Property Fund (and the Aviva Irish Property Fund which invests in the Aviva Irish Commercial Property Fund), we have decided to temporarily suspend redemptions, including surrenders, switches, and early maturities where the request was received by Aviva after close of business (that being 5.30pm) on 31 October 2023. If you reach your normal retirement age or you are currently taking a regular withdrawal during this moratorium you will have access to your retirement benefits and current regular withdrawal (at the existing amount) as normal. Apart from one property, all properties in the Aviva UK Property Fund have been sold and customers are now predominantly invested in the Aviva Irish Commercial Property Fund. We have also decided to temporarily suspend redemptions, including surrenders, switches, and early maturities where the request was received by Aviva after close of business (that being 5.30pm) on 08 November 2023. If you reach your normal retirement age or you are currently taking a regular withdrawal during this moratorium you will have access to your retirement benefits and current regular withdrawal (at the existing amount) as normal. During this moratorium we will defer processing redemption instructions from the Funds for up to 6 months, in line with policy conditions.