Amsterdam and London, November 12, 2019 – GRESB, the global ESG benchmark for real assets and Verisk Maplecroft, the leading provider of global ESG, climate and political risk analytics, have jointly launched the Climate Risk & Resilience Scorecard.
Combining Verisk Maplecroft’s global risk analytics with GRESB’s geo-coded asset-data and adaptation measures, the scorecard provides location-specific intelligence on climate change and ESG exposure to create a unique risk-adjusted and asset-level benchmark of global real estate investment.
GRESB participants will be able to access powerful new insights into their risk exposure, the competitiveness of their climate and ESG management and resilience, and the global assets they should focus their attention on. It also provides a means of concisely communicating climate-related, ESG and resilience performance, and underlying risk context, to investors.
By identifying location-specific climate and ESG risk exposure and management, the Climate Risk & Resilience Scorecard builds on the results of GRESB’s Real Estate Assessment. The methodology has been developed to evaluate how well real estate funds, companies and direct real estate investors manage risks related to climate change, ESG and natural hazards once their underlying risk exposures are taken into account.
For the first time, firms managing global real estate assets will be able to understand their exposure, from asset-level up, to a host of climate and ESG factors and what it means for their resilience and ESG management competitiveness”, said Verisk Maplecroft’s Head of Financial Sector Risk James Lockhart Smith. “The needs and expectations of real estate investors are developing rapidly in response to mounting pressures, especially in relation to climate, and we are delighted to be working with GRESB to fill this critical gap in the data landscape.”
Creating the new Climate Risk and Resilience Scorecard with Verisk Maplecroft is a significant step towards providing a new set of valuable insights from data already reported to GRESB,” says Sander Paul van Tongeren, Co-founder and Managing Director at GRESB. “The Scorecard enables managers to demonstrate to investors that they are managing ESG and climate risks and will help with climate-related disclosure requirements, such as the TCFD recommendations.”
Mission-driven and investor-led, GRESB is the environmental, social and governance (ESG) benchmark for real assets. We work in collaboration with the industry to provide standardized and validated ESG data to the capital markets. The 2019 real estate benchmark covers more than 1,000 property companies, real estate investment trusts (REITs), funds, and developers. Our coverage for infrastructure includes 500 infrastructure funds and assets. Combined, GRESB represents USD 4.5 trillion in real asset value. More than 100 institutional investors, with over USD 22 trillion AUM, use GRESB data to monitor their investments, engage with their managers, and make decisions that lead to a more sustainable real asset industry.
About Verisk Maplecroft
Verisk Maplecroft is a global risk analytics company specialising in ESG, climate, and political risk data for the world’s leading institutional investors and corporations. The company combines a unique portfolio of global risk indices and data sets with expert research on countries, industries and issues to provide a holistic approach to risk analysis that enables its clients to make better, risk-adjusted decisions. Among asset owners and managers, the company is a trusted source of data and insights for the integration of ESG, climate and political risk factors in multiple asset classes. For more information visit www.maplecroft.com. Verisk Maplecroft is a Verisk Analytics business (Nasdaq: VRSK).