February 18, 2025

GRESB Regional Insights 2024 – Italy

Earlier today Cassa Depositi e Prestiti (CPD) hosted at their offices in Milan the GRESB Regional Insights Italy event!

Top industry leaders have come together to explore the future of sustainability in real assets, with fruitful conversations featuring deep insights, expert discussions and valuable networking opportunities.

After the opening remarks by Giancarlo Scotti, CEO of CPD, Gaia Ghirardi, Head of Sustainability of CDP, gave a heart-warming keynote speech followed by the presentation of the GRESB Results 2024 by Charles van Thiel, CAIA, Director Real Estate Standard of GRESB and Giovanni Guzzi, Manager M&A of GRESB.

Daniele Pronestì, Head of Product Development & Sustainability of CDP Real Assets, then moderated a panel discussion about ESG strategies in real estate & infrastructure, with high-calibre speakers such as Anna Maria Pacini, Head of ESG Management of DeA Capital RE, Stefano Corbella, Sustainability Officer of COIMA, and Andrea Vecci, Head of Impact, Sustainability & Communication of REDO.

It was an absolute pleasure to meet in person also the newly appointed GRESB’s Head of EMEA, Younes Guemouri, who is taking over co-ordination of the Regional accounts from Steven Pringle, now GRESB’s Head of Asia Pacific.

Here’s some interesting slides presented at the event:

Italy has now become the first Country in the EU in terms of entities reporting to GRESB (116 entities), ahead of Germany (114).
In Europe only the UK is reporting more entities (leading the way with 287) and the Pan-European funds (227) where no individual Country covers more than 60% of the portfolio’s Gross Asset Value (GAV).
Out of the total 2,223 real estate participants in 2024, 1,063 are in Europe, 588 in the Americas, 392 in Asia, 141 in Oceania and 7 in Africa.

From 2018, when only three (3) Italian funds were reporting to GRESB, the uptake in Italy has been incredible:

5 entities in 2019
17 in 2020
73 in 2021
83 in 2022
95 in 2023
116 in 2024 (+22% from the previous reporting year!)

Residential and office assets jointly represent 59% of the participants, where the threshold to classify an entity by sector is 75% of the portfolio’s GAV as a minimum.

With the new Real Estate Standard and Reference Guide + Scoring Documents being formally released next week, on Monday 24th February, our team of GRESB experts at E.S.G. Solutions is already studying the updated materials and resources made available to the GRESB Partners to ensure that our Clients are fully prepared for the imminent 2025 submission!