Acorn REITs Achieve GRESB Rating!

We are pleased to announce that the Acorn REITs have achieved
GRESB certification!

GRESB

GRESB is a global framework that assesses and benchmarks the ESG (Environmental, Social and Governance) performance of real estate assets and infrastructure globally. It is the leading ESG framework for real estate assets and aims to help the real estate industry become a leader in sustainability and helps investors and other stakeholders assess the ESG performance of developers, operators, REITs, and other entities in the real estate sector.

Acorn submitted applications for the Acorn Student Accommodation Development REIT and Acorn Student Accommodation Income REIT for assessment in 2021. The Acorn submissions were among applications from 1,520 entities from 66 countries. The key highlights from the assessment were:

Acorn d-reit and i-reit

Acorn's Vision: To become the premier developer, owner and manager of rental housing in Sub-Saharan Africa conducting our activities in a sustainable, responsible and environmentally conscious way.

This GRESB rating is a significant milestone not just for Acorn but for Kenya and Africa as a whole. To be recognised with some of the leading real estate companies in the world is an incredible feat and we extend a special note of gratitude to FSD Africa for supporting this effort through a Technical Assistance Facility (TAF).

GRESB

At Acorn, our ESG strategy and sustainability policy drive change on issues that are systemically important, financially material and are linked to eight of the UN Sustainable Development Goals (SDGs). Sustainable development has been a key part of our DNA as we recognize the impact that our work in real estate can have on the lives of our residents, the built environment, and the economy.

We undertook to benchmark the Acorn REITs against global standards in furtherance of this commitment to sustainability. The GRESB certification confirms that all funds raised are being utilized for environmentally conscious and socially impactful developments

Our focus on sustainability and commitment to remain at the forefront of ESG considerations has supported the investments into Acorn from global and local investors and financiers, as well as collaboration opportunities with other stakeholders.

Sustainability is a continuous process and Acorn is committed to maintaining its pursuit of initiatives which contribute to increased sustainability