— THE GRESB DEVELOPER ASSESSMENT —
A stand-alone ESG Assessment for Organizations that focus on Real Estate Development
The Developer Assessment offers high-quality ESG data and advanced analytical tools for companies and fund managers that focus on development activities to benchmark their ESG performance, identify areas for improvement and engage with investors.
The Assessment is based on a subset of indicators from the globally recognized GRESB Real Estate Assessment.
What is the GRESB Developer Assessment?
The Developer Assessment evaluates the ESG performance of companies and fund managers that focus on development activities, rather than the management of standing investments.
It contains indicators drawn from the GRESB Real Estate Assessment, including the indicators from the New Construction & Major Renovations (NC&MR) Aspect. The methodology is consistent across different regions, investment vehicles and property types and aligns with international reporting frameworks, such as GRI and PRI.
Who Should Complete the GRESB Developer Assessment?
- Organizations that develop projects, or acquire development projects, with the aim to sell the projects at completion. Projects can be developed to a tenant’s specification (build to suit), commissioned by an investment manager or can be developed at risk.
- Organizations that acquire properties exclusively for redevelopment and resale.
- Organizations that manage standing investments as a by-product of their development activities, and for whom the development activities are considered to be the key focus of their business.
The data are subjected to a multi-layer validation process and the result is high-quality data that investors and participants can use in their investment and decision-making processes. Based on the Assessment, GRESB provides an overall GRESB Score for each participant as well as peer group comparisons that take into account country, regional, sectoral and investment type variations in new construction and major renovation activities.
Benefits of Participating
|Improved ability to manage your portfolio and assets in the face of sustainability risks.||Insight into how to best capitalize on sustainability-related opportunities.|
|Clearer picture of your ESG performance and how it compares against your peers.||Better understanding of the actions you can take to improve your ESG performance in the most efficient way.|
|Greater knowledge of investor needs and perspectives to enrich your investor engagement.||Improved opportunity to attract new investors, including long term investors and investors seeking more comprehensive risk and opportunity analysis.|
|Reduced time and effort needed to respond to ad-hoc requests relating to sustainability issues.||Ability to report validated ESG performance information to the market using a global industry standard.|
|More consistent messaging about your sustainability performance to your stakeholders.||Recognition that you have taken a significant step towards leadership on ESG issues.|
GRESB Real Estate Investor Members
More than 100 institutional investors, including pension funds and insurance companies, use GRESB data and analytical tools to optimize the risk/return profile of their investments. The Assessment provides a communication platform to improve engagement with investors and enables participants to report validated ESG performance information in a format and language that serves their needs.
The Assessment follows a regular annual timeline, with the Portal opening on April 1 each year. Participants complete the Assessment by reporting through the Portal. Prior to finalizing their submission, participants are given the opportunity to request a Response Check to minimize the risk of errors.
The submission deadline is July 1, which provides participants with a three-month window to complete the Assessment. Once all Assessments have been submitted and the Portal has closed, GRESB begins the process of validating, scoring and benchmarking the submitted data:
COMPANIES | FUNDS | SEPARATE ACCOUNTS | JVS
GRESB has established a robust data validation process to underpin the accuracy and reliability of its output. It is based on a three-layer data quality control process designed to ensure submission of high quality information. The approach to validation was developed by PwC and involves third party verification by GBCI.
2. Objective Scoring
The GRESB Scoring Model is based on an automated system, which uses a technology platform designed for GRESB by a third party that specializes in data analysis software development. The scoring is completed without manual intervention after data input.
3. Peer Benchmarking
Peer comparisons that take into account country, regional, sectoral and investment type variations provide a powerful lens through which to benchmark performance. Each participant is assigned to a peer group, based on the entity’s legal structure (listed/private), property type and geographical location of assets.
First year participants can submit the Assessment without providing GRESB Investor Members with the ability to request access to their results. This is referred to as a “Grace Period”.
Become a GRESB Participant Member
We recognize all participants completing the Assessments as GRESB Participant Members. This underlines the contribution that participants make to our collective vision of sustainable real assets and the collaborative effort that underpins our work.