CapMan Real Estate press release
1 October 2025 at 14:45 pm EEST
CapMan Real Estate advances sustainability performance across the board in GRESB 2025 – four funds awarded five stars
CapMan Real Estate has made notable strides in its sustainability performance in the 2025 GRESB assessment. Leading the way were CapMan Hotels II (CMH-II) and CapMan Nordic Property Income (CMNPI) funds, which have retained their five-star rating, and CapMan Residential (CMRF) and CapMan Nordic Real Estate III (CMNRE III) funds, which have also been awarded five stars – up from four in 2024. CapMan Nordic Real Estate II (CMNRE II), and CapMan Social Real Estate (CMSRE) funds also demonstrated solid progress, each earning four-star ratings.
GRESB provides a global benchmark for evaluating the ESG performance and management of real estate portfolios and assets. Its annual assessment has become a key reference point for investors seeking transparency and accountability in sustainable investing. Scores range from 1 to 100 and translate into a star rating system from one to five stars.
In 2025, CapMan Real Estate’s funds saw an average score increase of 3.8 points for a total of 89.8, reflecting the company’s consistent efforts to embed sustainability into every layer of its operations. This progress is the result of both strategic group-level initiatives and targeted actions at the asset level.
The Hotels II, CMNPI, CMRF, and CMNRE III funds stood out in this year’s assessment, each securing a five-star rating. Their success was driven by a combination of increased green building certifications, more rigorous property audits, improved ESG data coverage and performance, and the implementation of an environmental management system – all contributing to stronger ESG outcomes.
Notably, CMSRE made a strong debut in the GRESB assessment, earning a four-star rating in its first year of participation with high scores in management and environmental indicators. CMNRE II maintained its four-star rating.
This year’s GRESB improvements were driven by broader data coverage for energy, greenhouse gas emissions, water, and waste, more comprehensive property audits supporting ESG risk assessments, and the implementation of environmental management system (WWF Green Office) at CapMan Group. Several funds also increased the number of green building certifications and improved like-for-like consumption metrics.
“These results highlight the systematic work we have done throughout 2023–2024 to improve our asset, property and investment management practices from a sustainability perspective. Going forward, we will continue our focus on meeting our energy, climate emissions, water and waste recycling targets – the environmental performance of our assets,” says Anna Rannisto, Sustainability Director at CapMan Real Estate.
The GRESB assessment results presented in this release reflect standing investments performance during 2024. CapMan Real Estate also participated in the GRESB development benchmark in which CMNRE III and CMRF received three stars and CMNRE II received two stars.
For more information, please contact:
Anna Rannisto, Sustainability Director at CapMan Real Estate, +358 40 6266 383
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and 6.5 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. Learn more at www.capman.com.
About GRESB
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by institutional and financial investors to inform decision-making. GRESB standards are governed by the independent, not-for-profit GRESB Foundation, while ESG assessments are managed by GRESB BV, a benefit corporation. For more information, visit GRESB.com.