Phoenix takes European top spot in global sustainability benchmark

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Phoenix Natural Gas, Northern Ireland’s largest gas distribution business, has been recognised as a leader in Europe for its environmental, social and governance performance by GRESB in its Infrastructure Assessment.  

GRESB is an industry-driven organisation committed to assessing the Environmental, Social and Governance (ESG) sustainability performance of Real Estate and Infrastructure assets around the globe. It has become the most preeminent and well-established standard used by institutional investors to measure and benchmark the ESG sustainability performance of their portfolios and funds.  

This was the fourth year of participation by Phoenix Natural Gas who in addition to coming top across Europe, were placed second out of 393 participants across the globe, and maintained their maximum 5-star GRESB rating.  

Speaking about the company’s achievements, Kailash Chada, Chief Financial Officer at Phoenix Natural Gas says: “Operating in a responsible, sustainable manner is essential to every aspect of our business.  Our vision is to be recognised for excellence as a world leading utility which demands that our behaviours and business style is a benchmark for others in the marketplace and within the wider utility sector.  

“We are proud to demonstrate strong environmental, social and governance values within our business to be recognised by GRESB as a leader for our work across these areas.  We will continue to benchmark ourselves and seek even more ways to add real value to the customers, colleagues and communities we serve.”  

Mission-driven and investor-led, GRESB is the environmental, social and governance (ESG) benchmark for real assets.  Sander Paul van Tongeren, Co-Founder and Managing Director at GRESB says: "We congratulate all 2019 Sector Leaders for the significant steps they have taken to manage ESG risks, identify opportunities and find ways to make positive real-world impacts. Your efforts continue to shape the future of sustainability leadership and play a critical role in creating a world with more sustainable buildings and infrastructure.”  

For more information on Phoenix’s environmental, social and governance principles visit www.phoenixnaturalgas.com/about-us/phoenix-group/corporate-responsibility