· The company has received a five-star rating from GRESB, the leading global standard in assessing companies’ ESG performance, and a score of 92 out of 100 in recognition of its excellent work

· Castellana Properties added six points to last year’s tally on the strength of its ongoing commitment to ESG performance

· The company was awarded an outstanding 30 points in the Management category, the maximum possible score.

Castellana Properties, the specialist listed retail property firm, has been awarded a five-star rating from GRESB, the leading global assessment framework for ESG performance in real estate portfolios. The company’s overall score of 92 out of 100 earned it a spot among the year’s highest performers, capping its 2023 result by a margin of five points.

The GRESB methodology evaluates companies based on their performance across various categories. Castellana Properties has taken part in the scheme for three consecutive years. After being awarded three stars in 2022 and picking up a fourth the following year, the company has now earned itself the highest possible rating.

This year’s five-star performance rests partly on an outstanding result in the Management category, where it scored 30 out of 30 points — two more than in 2023. In terms of ESG, assessors were particularly impressed with the company’s efforts in the Social and Governance categories, awarding it the maximum 18 and 20 points, respectively. It earned an extra four points this year in the Environmental category, leaving it on 54 out of a possible 62. This achievement reflects Castellana Properties’ dedicated efforts to promote transparency and strong management around ESG issues.

Débora Santamaría, CFO of Castellana Properties, remarked: “We understand that the retail sector has some big challenges to address, and at Castellana Properties we are focused on refining our sustainability strategy so we can make a positive difference to the communities we serve. We’re thrilled to have achieved a five-star rating from GRESB, based on its comprehensive methodology for evaluating corporate ESG performance. We know that the path to a more sustainable future begins at home, which is why our strategies are fully aligned with global ESG objectives.”