— 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?
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 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.
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
Over 70 institutional and retail 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-time participants can choose to not have their GRESB results disclosed to their investors. This is referred to as a “Grace Period”.
Powerful Analytical Tools and Services
GRESB analytical tools and services allow you to measure, benchmark and improve your ESG performance, engage with GRESB Investor Members and gain recognition from your stakeholders.
Provides you with an individual GRESB score, a breakdown of your ESG performance and a summary analysis of how your performance compares to your peers.
Gives an in-depth analysis of your sustainability performance and a detailed indicator-level comparison with peers. The report allows you to compare your performance to your peer group, identify issues and opportunities, and to make business decisions. Learn more.
A three-layer, end-to-end validation process provides an important element of quality control and underpins the accuracy and reliability of the results. Learn more.
Dedicated to helping you complete your Assessment smoothly and efficiently. The GRESB team is on hand to answer any questions you may have about completing the Assessment.
The “Guidance” tab in the Assessment Portal provides you with clear blueprints for completing the Assessments and improving performance in the future. This guidance is also provided in the Assessment Reference Guide, available as a downloadable PDF.
Streamlined Reporting Tools
Allow more streamlined reporting by pre-filling information already provided in previous years, automating data-connections via API connections, broadening the level of information that can be provided to GRESB through API connections and Excel spreadsheets.
Portfolio Analysis Tool
Allows you to compare your aggregated portfolio to a self-selected benchmark, based on region, property type and management style. This online tool provides added value for fund managers that participate with several entities by comparing the relative performance of each fund. Learn more.
The template tool enables responses to be copied across multiple submissions.
Customized Benchmark Report
Provides advanced analytics through alternative performance comparisons and rankings based on a self-selected peer group. Learn more.
A high-level check of a pending response to ensure that you minimize errors that could impact your Assessment results. Learn more.
Provides an in-depth understanding of the validation, scoring and analysis process leading to the allocation of points for individual indicators, determining the results as presented in the Benchmark Report. Learn more.
Introductory Assessment Training
Addresses the fundamental ‘how to’ and ‘what’ of the GRESB Real Estate Assessment. The session also presents the Assessment’s scope, processes and scoring components.
Advanced Assessment Training
Designed for experienced GRESB participants and addresses complex reporting and scoring components of the Assessment including performance indicators and hands-on case studies and exercises.
Data Insights Training
Focuses on the interpretation of the Assessment results and the reporting and benchmarking tools available to real estate investors, companies and fund managers.
GRESB Advisory Bodies
Opportunity to sit on Advisory Boards, regional Benchmark Committees and to join Industry Working Groups to inform the future content of GRESB Assessments.
Recognition in the Member Directory, in the GRESB Portal and in GRESB’s guidance materials. Participants can also use the GRESB logo in outreach efforts.
Eligibility to attend and speak at GRESB events for networking, relationship building and marketing opportunities.
Opportunity to contribute articles and case studies to GRESB Insights to share sustainability best practices and leadership with the industry.
Levels of Participation
You can choose to submit the Assessment as a non-member or submit the Assessment as a GRESB Member. GRESB Members have access to additional analytical tools in the Member Portal as well as preferential marketing, industry recognition, and networking opportunities. Membership benefits apply to all reporting entities.
|Benchmark Report||EUR 3,500|
|Streamlined Reporting Tools|
|Portfolio Analysis Tool|
|Customized Benchmark Report||EUR 1,750 |
(only available in combination with Benchmark Report)
|Discounted to EUR 750|
|Response Check||EUR 1,750||Free of charge for one entity. Additional available at EUR 1,250|
|Results Review||EUR 1,750|
(only available in combination with Benchmark Report)
|Discounted to EUR 1,250|
|Introductory Assessment Training||EUR 550||One free attendee to Introductory or Advanced Training.
Additional seats at a discounted price.
|Advanced Assessment Training||EUR 550||One free attendee to Introductory or Advanced Training.
Additional seats at a discounted price.
|Data Insights Training||EUR 550||One free attendee. Additional seats at a discounted price.
|GRESB Advisory Bodies||Eligible to participate|
|GRESB Events||Preferential attendance and eligibility to speak|
|GRESB Insights||Opportunity to contribute articles and case studies|
|Participation Fee: Free||Annual Fee: Starting at EUR 4,000 (USD 4,700)
View the GRESB Member fee schedule