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Grit Real Estate Income Group (Grit Group), incorporated in 2012 and headquartered in Mauritius, is a London-listed. pan-African real estate investment and asset management company. Grit Group's real estate activities include 33 diverse properties spanning corporate accommodation and data centres, as well as the hospitality, industrial, medical, office and retail sectors. The company's portfolio extends across 11 countries in Africa, including operations in Lagos. In 2023, Grit Group managed a gross leasable area (GLA) of 0.3 million square metres.
Summary
Grit Group discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company links its sustainability targets to its remuneration policy and assigns environmental, social and governance (ESG) accountability and oversight to high-level executives. However, the company can improve its sustainability governance by involving external stakeholders in its materiality assessment and being more transparent about addressing stakeholder concerns.
On the social front, Grit Group lacks disclosure on how it identifies human rights risks across its value chain. Moreover, it should include all topics deemed by the International Labour Organization (ILO) to be fundamental rights at work in its human rights policy.
In relation to environmental efforts, while the company aims to cut its carbon emissions by 25% by 2025 from 2019 levels, it should also set long-term targets aligned with the 1.5°C trajectory and ensure consistent greenhouse gas reductions across all emission scopes.
Ranking position
#137
/300
Total score
11.6
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
12.5
/100
Rank (0-300)
#89
Measurement area
Inclusive Cities
Score
# 1
14.2
/100
Rank (0-300)
#161
Measurement area
Healthy Cities
Score
# 1
2.8
/100
Rank (0-300)
#162
Measurement area
Climate Proof & Resilient Cities
Score
# 1
3.3
/100
Rank (0-300)
#148
Measurement area
Core Social Indicators
Score
# 1
25.0
/100
Rank (0-300)
#73
Industries
Industries
Real estate
#49
63716
