Case Study: Victorian Funds Management Corporation achieves clearer ESG integration and climate risk insight with GRESB

Australian public authority VFMC cuts through the clutter with GRESB to integrate ESG into investment practices

Victorian Funds Management Corporation (VFMC), a public authority managing investments for the Australian state of Victoria, faced a challenge in integrating ESG into its real estate investments. The process of engaging with individual fund managers for ESG data was time-consuming and resulted in non-standardized information that was difficult to use for comparison. To address this, VFMC turned to GRESB's Benchmark Reports.

Using GRESB's data and tools, VFMC gained access to standardized, comparable ESG data across its property funds. This allowed the team to efficiently benchmark performance, identify areas of risk and opportunity, and engage with managers based on concrete data rather than marketing claims. The solution provided greater transparency, enabling VFMC to track year-on-year improvements, share best practices, and support its focused priorities on net zero targets and climate-related risk management.

Victorian Funds Management Corporation (VFMC)

Shali Lingaretnam

Head of Investment Stewardship