SA REIT Association’s Sustainabilty disclosure guide launched

The SA REIT Association, in partnership with Nedbank Corporate and Investment Banking (CIB) and published by Asset magazine, has launched the SAREIT Sustainability Disclosure Guide, which aims to establish sustainability standards and best practice benchmarks for the real estate sector in South Africa.

This guide is a valuable resource for SA REIT members and property organisations starting their sustainability reporting. It provides key information to improve their reports. It outlines a framework of recommendations for sustainability and climate-related disclosures, aligning with international standards in the South African property sector and the global sustainability landscape.

Joanne Solomon, Chief Executive Officer of SA REIT Association commented:

“As industry partners, we are proud to launch the inaugural SA REIT Sustainability Disclosure Guide, marking a significant advancement in fostering a unified approach to sustainability within the South African real estate sector.

The property sector is crucial in tackling environmental, social, and governance (ESG) challenges. We aim to guide the industry toward a future where sustainable practices are seamlessly integrated into business strategies, enhancing resilience and value.”

Gary Garrett, Managing Executive of Property Finance: Nedbank CIB commented:

“As a purpose-led organisation, we aspire to be a key participant in promoting a more sustainable future for the real estate sector. We are intentional about sustainability and about contributing positively to the communities in which we operate.”