sBPR Awards
The EPRA Sustainability Best Practices Recommendations (sBPR) are intended to raise the standards and consistency of sustainability reporting for listed real estate companies across Europe. As with the EPRA financial BPR Awards, each year EPRA recognises companies that have issued the best-in-class annual sustainability performance report. Based on adherence to the EPRA sBPR in their public disclosure, companies are identified for Gold, Silver or Bronze Awards. The Award winners are announced each year at EPRA’s Conference.
Beyond recognising outstanding companies, the Awards also aim at raising awareness of and encouraging the uptake of the EPRA sBPR and guidelines. The growing number of companies reporting sustainability data and winning Awards for compliance with the EPRA sBPR reflects EPRA’s success in achieving these goals.
The new 2024 awards logos are available for download HERE.
Awards methodology
Each year, eligible companies are assessed based on their public disclosure against the following two areas of the EPRA sBPR guidelines: sBPR Performance Measures, covering environmental, social and corporate impacts and sBPR Overarching Recommendations, consisting of 10 principles which underpin good quality disclosure and should be applied when reporting EPRA’s sBPR Performance Measures.
Check the Assessment Methodology for the EPRA sBPR Awards document to learn more about the scoring methodology and the assessment procedure.
Check the previous 2017 version of the Awards Methodology here.
EPRA sBPR Guidelines provide a consistent way of measuring sustainability performance in the same way that BPR for financial reporting have made the financial statements of listed real estate companies in Europe clearer and more comparable. The fourth edition of the guidelines, released in April 2024, is designed to help companies managing the reporting complexities as mandated by the “sector-agnostic” European Sustainability Reporting Standards (ESRS), while also making the guidelines more comprehensive.
The CRREM initiative releases a report on Green Governance and how to implement and develop feasible Net Zero Transition Plans in the real estate industry. The report was authored by the CRREM team and supported by EPRA and UNEP FI.
There is an increasing expectation on companies to conduct a materiality review as a pre-requisite for reporting against both voluntary and mandatory sustainability reporting standards.
Material topics for a reporting organisation include those topics that have a direct or indirect impact on an organisation’s ability to create, preserve or erode economic, environmental and social value for itself, its stakeholders and society at large.
As reporting trends and stakeholder expectations continue to progress, it is essential to remain ahead of the curve in understanding emerging topics and incorporating them into sustainability reporting and operations.
This document explores several key emerging topics in listed real estate that do not currently warrant their own Sustainability Performance Measures in the EPRA Sustainability Best Practice Recommendations (sBPR) guidelines.
