— THE GRESB REAL ESTATE ASSESSMENT —
The Investor-driven Global ESG Benchmark for the Real Estate Sector
This year 903 property companies, real estate investment trusts (REITs), funds, and developers participated in the Real Estate Assessment, an increase of 6% on the previous year. The Assessment now covers more than 79,000 assets (of which more than 49,000 reported at the asset level) across 64 countries and represents over USD 3.6 trillion in gross asset value.
The Assessment offers high-quality ESG data and powerful analytical tools to benchmark ESG performance, identify areas for improvement and engage with investors.
What is the GRESB Real Estate Assessment?
GRESB is the global standard for ESG benchmarking and reporting for listed property companies, private property funds, developers and investors that invest directly in real estate. The Assessment evaluates performance against 7 sustainability aspects and contains approximately 50 indicators.
The indicators follow a plan-do-check-act logic and are designed to encompass the wide variety of property companies and funds included in the benchmark. The assessment includes information on performance indicators, such as energy consumption, GHG emissions, water consumption and waste.
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.
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, such as lowering operating costs, meeting regulatory requirements and satisfying the developing preferences of corporate tenants.|
|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
75 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.
The Assessment Results are launched in September each year. Sustainability performance is evaluated against two dimensions: Management & Policy and Implementation & Measurement. Taken together, these provide an overall GRESB Score. Results are plotted in the GRESB Model, and participants receive a GRESB Rating between 1-star and 5-star.
In addition to the overall scores, participants can access powerful analytical tools and services that provide in-depth analysis of sustainability performance, enable detailed peer group comparisons and highlight industry best practices.
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 and pay a nominal participation fee or submit the Assessment as a GRESB Member.
All participants receive a Scorecard and Benchmark Report for all of their Assessment submissions. GRESB Members also have access to the Portfolio Analysis Tool, additional functionality in the Member Portal, a free Response Check, as well as preferential marketing, industry recognition, and networking opportunities.
|BENEFITS||NON MEMBER||GRESB MEMBER|
|Streamlined Reporting Tools|
|Portfolio Analysis Tool|
|Customized Benchmark Report||EUR 1,250||EUR 1,250|
|Response Check||EUR 1,250||Free of charge for one entity. Additional available at EUR 850|
|Results Review||EUR 1,250||Discounted to EUR 850|
|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*: |
EUR 3,500 (USD 4,100)
|Annual Fee: Starting at EUR 4,000 (USD 4,700)
View the GRESB Member fee schedule