Cory named sustainability Sector Leader by GRESB
Cory has been named an Infrastructure Asset Sector Leader by GRESB for its sustainability leadership in 2023. The business was awarded a 5-star rating for the fourth year in a row, scoring 95 out of 100. This places Cory first out of 11 peer businesses in the waste treatment: maintenance and operation category.
Cory scored 35 out of 40 in the management component, which measures strategy and leadership management, policies and processes, risk management and stakeholder engagement approach, and 60 out of 60 in the performance component which measures performance across 12 aspects including Health and Safety, energy use and water.
Dougie Sutherland, CEO of Cory, said: “I am delighted that we have been recognised for our leadership in sustainability, which reflects the importance of sustainability to our business strategy. There is an urgent need to reduce greenhouse gasses, and this is the focus of our future plans. While we have committed to be net zero by 2040 it is clear that we must move faster. We will submit planning for our Carbon Capture & Storage facility in Q1 next year which could enable Cory to be carbon negative by 2030, and it is great that GRESB recognise our leadership in the infrastructure asset sector.”
Sebastien Roussotte, CEO of GRESB said, “GRESB Sector Leaders embody the industry’s champions, leading the charge towards a net-zero future and propelling the sector forward. We wholeheartedly commend this year’s Sector Leaders for their dedication, leadership and commitment to ESG principles and sustainability.”
GRESB is the leading Environmental, Social and Governance (ESG) benchmark for real estate and infrastructure investments across the world. Its data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future. The GRESB Sector Leader Awards recognizes real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability each year.
The statutory consultation on Cory’s planned carbon capture project runs until 29 November 2023. Further information can be found at www.corydecarbonisation.co.uk