During this briefing, a panel of experts will explore the impact of COVID-19 to Australian’s Hotel sector and how ESG fitting into the plan. Amélie Delaunay of ANREV, Dr Sabine Schaffer of Pro-invest, Ruben Langbroek of GRESB and Carlos Flores of NABERS will share with us their views from different perspectives.
COVID-19 has impacted the sustainability of building operations in many ways – with reduced energy consumption, lower energy prices and an increase in single use plastics, to name a few. It has also accelerated the digitization of many facets of our lives, including how we engage with each other and the built environment. Our next webinar will discuss how the environmental and social sustainability aspects of the spaces we occupy have been impacted by COVID-19, the commercial benefits of responsible investment, as well as exploring the ethical debate around sustainable digitization.
Get access to the webinar here.
Our industry is engaged in an important dialogue to improve sustainability through ESG transparency and industry collaboration. This article is a contribution to this larger conversation and does not necessarily reflect GRESB’s position.
GRESB is a global organization that aims to ensure sustainable real assets- that meet current needs without compromising the ability of future generations to meet the needs of their own.
The GRESB Real Estate Assessment assesses and compares the ESG (Environmental, Social and Governance) performance of listed property companies, private property funds, developers and investors that invest directly in real estate. This assessment allows companies to compare themselves against their peers using predetermined criteria. This benchmark is a true asset that enables real estate companies to improve the sustainability of their investment portfolios.
Why participate in the GRESB Real Estate Assessment?
First of all, the GRESB Real Estate Assessment allows you to take stock of your ESG performance and to better structure it in order to improve its effectiveness. If you do not have an ESG strategy, the Assessment allows you to define one that is in line with your needs and challenges.
In addition, predetermined monitoring performance indicators allow you to take stock of the performance of your ESG strategy in order to identify areas for improvement and thus improve the attractiveness of your portfolio.
Finally, the information gathered as part of the Assessment allows you to better communicate with the various stakeholders – your investors in particular- increasingly concerned about the sustainability of your assets.
Are there any difficulties associated with completing the GRESB Real Estate Assessment?
The qualitative and quantitative information that needs to be gathered in order to complete the Assessment is often dispersed between several in-house departments (CSR department, asset management, etc.) and external actors (service providers, suppliers, etc.). Collecting all the data necessary for the GRESB Assessment is a real challenge! In order to facilitate completing GRESB, the first step will involve automating the collection of existing data, as they represent a true gold mine.
Another difficulty also lies in the granularity of the information to be centralized:
- Corporate-level information (e.g. presence of an ESG manager)
- Asset-level information (e.g. overall asset consumption)
- Consumption by common areas and private areas (the latter constituting personal data)
- Consumption by various tenants.
Once this data has been collected, it is essential to go through a phase of data reliability. This will also make it possible to know precisely the overall level of the portfolio’s consumption as well as the consumption at the level of each building and tenant.
Finally, it is recommended that all data be centralized in order to facilitate access and to complete the Assessment more easily.
What’s new at GRESB in 2020?
2020 is bringing many changes. Don’t worry, no new indicators will be added, on the contrary, some will even be removed to facilitate completing the Assessment!
This time, changes are mainly structural. They result from the introduction of three distinct components:
Companies investing in existing assets will be subject to the Management & Performance Components. Companies building new assets will be subject to the Management & Development Components. Finally, companies undergoing mixed activities will be subject to all three components of the GRESB Real Estate Assessment.
A webinar dedicated to improving your GRESB Real Estate Assessment strategy
Would you like to learn about good practices to facilitate completing the GRESB Assessment and maximizing your score? Register for the webinar “Easily complete the GRESB assessment thanks to your data” offered by Deepki.
This webinar is available in English and French:
- The French session will take place on February 13th from 10:00 to 11:00 a.m. and will be hosted by Emmanuel BLANCHET, COO & Co-founder of Deepki and Alexandre GHRIBI, Business Developer at Deepki;
- The English session will take place on February 19th from 1:30 to 2:30 p.m. and will be hosted by Vincent BRYANT, CEO & Co-founder of Deepki and Alexandre GHRIBI, Business Developer at Deepki.
- The Spanish session will take place on February 18th from 16:00 to 17:00 p.m. and will be hosted by Joan INDABURU, Project Manager and Xana MUNIZ, Executive Director in Spain.
- The Italian session will take place on February 18th from 10:00 to 11:00 a.m. and will be hosted by Valentina MAURO, Executive Director in Italy and Clémence MIGNOLA, Project Manager.
GRESB Premier Partner Goby hosts a webinar on the state of GRESB in 2020 with a cameo by Dan Winters, Head of Americas.
The new year is always a time for change. Whether the changes are large or small, the theme of a new beginning permeates all facets of life and business. GRESB is no exception to this rule, and they have plenty of exciting new developments coming in 2020. View our webinar recording of GRESB and Goby explaining important updates to the GRESB Assessments that are coming in 2020 and answering questions about GRESB.
January 10, 2020
Watch Dan Winters, GRESB Head of Americas, in this video webinar from S&P Global Market Intelligence on the impact of ESG on commercial real estate.
This webinar explores the connection between ESG factors and Commercial Real Estate. We look at how ESG impacts how assets are evaluated, public REITs and funds are analyzed, as well as the growing market for passive investment vehicles that incorporate ESG.
- Growth in passive investment vehicles to meet investor demand, and the benchmarks that underlie these vehicles.
- Measuring ESG at the company and fund level.
- Measuring ESG, with a particular focus on energy/water/waste, at the asset level.
Keven Lindemann, Senior Director, Global Real Estate, S&P Global Market Intelligence
Matt Ellis, Founder & CEO, Measurabl
Michael Orzano, CFA, Senior Director, Global Equity Indices
We are very excited to announce the release of GRESB’s first Infrastructure Public Disclosure dataset in partnership with the Global Listed Infrastructure Organisation.
June 14, 2019