NAREIT's annual Leader in the Light Awards honor NAREIT member companies that have demonstrated superior and sustained sustainability practices.
The Leader in the Light Awards are presented to REITs in eight property sectors: Diversified; Global, (non-U.S.-based companies); Health Care; Industrial; Lodging/Resorts; Office; Residential; and Retail.
NAREIT has been presenting the Leader in the Light awards since 2005. In 2012, the Leader in the Light program migrated into and became embedded within the Global Real Estate Sustainability Benchmark (GRESB) Survey. GRESB is an organization based in Amsterdam committed to assessing the sustainability performance of real assets across the world.
Designed in 2009, GRESB's Annual Survey measures the environmental performance of property portfolios around the world. In 2015, 707 property companies and funds participated in the survey, representing $2.3 trillion in gross asset value (GAV) and covering 61,000 assets. The survey is endorsed and closely watched by many of the world's largest institutional investors, representing, in 2015, more than $6.1 trillion in institutional capital under management.
Incorporating the GRESB survey results into the Leader in the Light judging criteria enables the companies competing in Leader in the Light to measure their performance against a global benchmark.
Data Centers: Equinix, Inc.
Residential: Equity Residential
Office: Kilroy Realty Corp.
Lodging/Resorts: Hersha Hospitality Trust
Health Care: Welltower and HCP, Inc.
Diversified: Vornado Realty Trust