GRESB Insights provides case studies on ESG integration in real assets, data-driven analysis into how the industry is responding to the sustainability challenge and educational articles exploring topics covered in the GRESB Assessments. Contribute to GRESB Insights.
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.
Concerns are emerging that the second wave of COVID-19 pandemic may be about to sweep the world as economies continue to reopen after lockdowns. There are also concerns about the final wave – climate crisis. We have seen the impacts of COVID-19 in governments, businesses, and people. With limited health care capacity, taking early action, such as staying at home, washing hands and social distancing, could reduce the overall infections to keep cases at a manageable number for hospital to handle. From a short clip of the Canadian government, we understand graphically the importance of these measures in flattening the curve, where the curve represents the number of people getting sick over time. When a lot of people get sick over a short period of time, the curve rises faster, and it is more likely to surpass the level of which the health care system will be overwhelmed.
Recent events have forced companies to place a much-needed emphasis on ESG (environmental, social, governance), if they weren’t doing so already. Climate change was once the prevailing driver of sustainability efforts, with business owners striving to minimize their carbon footprint and improve their relationship with the environment. Now, the COVID-19 pandemic has tested companies’ ability to protect the health and wellness of employees and customers. Coupled with recent protests calling attention to racial injustice, the events of this year have forced companies to reexamine the way they interact with and protect their employees and communities.
With overall numbers of new cases and deaths continuing to decline and lockdown measures slowly being eased in most major economies, the worst of the COVID-19 pandemic appears to be abating. As countries start to rebuild in the months ahead, the crisis has clearly revealed a fundamental reshaping of investor priorities, accelerating trends which began long before the pandemic took hold.
Pro-invest Group, NABERS and GRESB collaborated to explore what the future may hold for the Australia Hotel Sector in light of COVID-19. Please see the highlights below or click here…
WSP’s Emily Wasley and Heather Unger explain how the knowledge gained from the impact of the COVID-19 pandemic and resilience actions taken in response could provide lasting lessons beyond health crises preparation, including future approaches to acute and chronic risks such as climate change.
Whether we have lost someone close to us – my father passed away from COVID in April, or lost our job, or are worried about our health or the future; it’s difficult to imagine that anyone reading this article has been left untouched by COVID-19. Each of us has a unique experience in dealing with the pandemic and each of us has a unique view of the future. It’s our view of the future that shapes the actions we take now; our pessimistic side will counsel caution and the optimistic side will see opportunity.
Most of the content generated the past few months has centered around the health issues with building capacities and COVID-19. One aspect that has gotten limited discussion is the reduction in energy usage and real-time data collection.
Prior to the COVID-19 outbreak, ESG topics were steadily making their way to the top of forward-thinking stakeholders’ agendas in commercial real estate. With the impact of the COVID-19 outbreak being felt across the sector and the world today, different views on how ESG performance would be prioritized in commercial real estate going forward in the immediate and the longer-term have been emerging
The global spread of the novel coronavirus has dramatically altered the lives of nearly everyone in the world, with tens of millions infected and clusters breaking out in nearly every population center.
At the beginning of the corona crisis, the markets have just experienced a significant shock. This is shown by many indices. However, the indices have not fallen quite as far as they did during the financial crisis of 2008 and are already on an upward trend again.
One key business lesson from the pandemic is the need for a radical upgrade of company assessment of social, political and environmental risks. Good ESG policies are an essential part of building this awareness.
We’ve just launched a new platform to provide you with physical climate risk exposure data directly in the GRESB Portal. Global geospatial risk provider Munich Re is first on the…
Buildings and places – and how we use them – will be more important than ever in a post-pandemic world. Re-imagining and re-calibrating mix-used developments will be especially important in getting tenants, residents, shoppers and clients back to engaging meaningfully with their communities in safe and healthy environments.
In real estate, climate resilience is fast becoming an investment imperative. Losses in the sector due to climate-induced natural disasters are mounting and our customers are seeing financially material impacts to their portfolios. By 2070, $35 trillion in real estate assets will be at risk if the world does not change its current carbon emissions trajectory, according to the United Nations Framework Convention on Climate Change (UNFCCC).
The health crisis caused by Covid-19 has affected the whole world, practically taking everybody by surprise. Following the announcement of the lockdown, non-essential stores along with numerous corporate offices had to close. Giulia Caputo, Data Scientist at Deepki, explains to us how she and her team were able to detect potential net savings of 123 000 € per week at more than 3 500 buildings courtesy of data analysis during this exceptional period.
Companies are recognizing the importance of assessing risks and planning for contingency. While many investors have historically looked at how an organization assesses and acts upon risk from a reactive standpoint, companies and investors are beginning to take a proactive approach by assessing and planning for risk through disclosures and strategic approaches. Now, more than ever, improving the quality of firms’ climate disclosures is critical to managing climate risks and opportunities in financial markets.
GRESB and B Capital Partners AG announce the release of their stand-alone, open source ESG due diligence tool (ESG DD Tool) for infrastructure assets, which enables investors to gain a clear understanding of the ESG risks and opportunities of an asset as an input to investment decision making. Investors have been searching for guidance, transparency and quality in this area. This new ESG DD Tool helps establish a standard ESG due diligence process for infrastructure investing.
A quiet, financial revolution is going on around us that will have far-reaching effects on the real estate industry and beyond. It is already causing large changes in investment and management methods, as well as a wholesale review of corporate philosophy and policy throughout entire organisations. When we look back, we will see that it has forced a substantial reconsideration of real estate investment valuations, modelling, and benchmarking.
Around the world, governments, businesses, private developers and city planners and officials are spearheading a growing movement to make structures in vulnerable communities more resilient through improved preventative action
100 Resilient Cities defines urban resilience as ‘the capacity of individuals, communities, institutions, businesses, and systems within a city to survive, adapt, and grow no matter what kinds of chronic stresses and acute shocks they experience’. While this definition is set in the urban context, it is also applicable to suburban and rural areas. It is worth highlighting here that the key of resilience is not only to survive and adapt, but also to grow, regardless of the challenges experienced.
Global Trend of Task Force on Climate-related Financial Disclosures (TCFD) According to TCFD’s 2019 Status Report released in June 2019, there is a growing demand for decision-useful, climate-related financial information…
In the early days of sustainability, some argued, quite vehemently, that pushing too hard on environmental safeguards and other sustainability policies would hurt and slow economic growth and progress. It seems we have now long since established quite the opposite – that strong leadership on sustainability and environmental stewardship is foundational to a stronger and more resilient economy.
The TCFD recommendations have been backed by over 250 businesses worldwide, representing more than $6.5 trillion in market capitalization.
Investors use disclosures as an insight into their investments over the long-term and to mitigate risk clusters within their portfolios.
Presently, nothing is more prevalent in our daily lives than COVID-19. Governments have closed non-essential businesses causing economic hardship and hitting the real estate sector by missed rental payments and increased vacancy.
Thankfully the climate emergency and biodiversity crisis have finally entered the collective consciousness. We acknowledge their existence and their fundamental importance. They are the reasons we do what we do as environmental professionals, but we rarely equate them, in either practical terms or in the common ‘sustainability consultancy parlance’, forgetting the crucial point that these two existential risks are not mutually exclusive.
We’re excited to release our new report, Resilient Real Assets. Drawing on the results from the 2019 Resilience Module, the report leverages a unique global dataset to provide a snapshot of the way real asset companies and funds are managing climate risk and resilience.
Download PDF The document was prepared by GRESB in response to the written feedback on the 2019 GRESB Real Estate Assessment provided by the members of the BBP. Elements of…
New in 2020, GRESB’s online training platform was released to improve ESG reporting to the GRESB Assessments. Designed for new and existing GRESB participants alike, the online training works as a refresher on the reporting process and provides new insights into the 2020 requirements.
As the ongoing Covid-19 crisis demonstrates, the ability to understand risk and understanding the impacts and mitigation has been underestimated by a number of businesses and governments around the world. The same can be said of how climate risk is conceived across the economic and political sphere.
El 2020 es el inicio de una década que está marcada con cambios radicales en la forma en que vivimos y nos desarrollamos, tanto en lo público como en lo privado, década que demanda acciones ASG de manera urgente; El sector inmobiliario, no es la excepción ya que es responsable del 40% de las emisiones de GEI (Gases de Efecto Invernadero), globales (WGBC, 2019). Los indicadores ambientales, sociales y de gobernanza (ASG), constituyen un sistema de señales que pueden orientar y robustecer a las organizaciones a establecer metas y estrategias para cumplir con sus objetivos de mercado y disminución de riesgos.
Quarantines and social distancing measures across the globe are driving technology innovations in ways we couldn’t imagine just a couple just a couple months ago. Digital solutions for keeping us connected and safe are evolving rapidly to address new wants and needs. From social platforms to telemedicine, we are dependent on a host of digital solutions to support us through this unprecedented challenge.
Carbon Risk Real Estate Monitor (CRREM) announces the public release of decarbonization pathways for the global real estate sector and the finalization of the tool to identify and manage transition…
The Covid-19 pandemic is a human tragedy that is unprecedented in modern times. Beyond claiming the lives of hundreds of thousands of people around the world, it has severely disrupted the daily lives of citizens and the functioning of the economy in Europe and across the globe. All countries and economic sectors have been affected.
World Green Building Council, a global network of around 70 Green Building Councils, has announced GRESB, the leading global sustainability benchmark for real estate portfolios, to recognize companies that make a Net Zero Carbon Buildings Commitment.
Digitalization is undoubtedly becoming a trending topic in companies’ business across the globe. In this case, how companies use data to seek value and opportunities becomes the key to success in the digital age.
Recent years have seen the development of a wide range of technological solutions enabling companies to enhance resilience, ensuring business and real estate continuity. But, the outbreak of COVID-19 has brought to light the importance of companies to adopt digital solutions. Both landlords and investors alike have bene looking to add digital solutions to their portfolios to enhance efficiency and remain future proof.
The contemporary concept of green building dates to the development of the Building Research Establishment Environmental Assessment Method (BREEAM) in the late 1980s and the release of the first version of BREEAM for Offices in 1990. This pioneering tool was followed by the launch of the Leadership in Energy and Environmental Design (LEED) rating system in 1998. They have since been joined by many tools to define, evaluate, and recognize superior buildings.
39% – this is a figure the real estate sector knows well too well. And this must change. According to the UN’s Global Status Report, the built environment makes up approximately 39% of the global energy-related carbon dioxide emissions. In order to be on track to meet global climate ambitions set forth in the Paris agreement, we need to see a 30% reduction by 2030. Global buildings sector energy demand rose 7% from 2010 to 2019, so drastic action is needed.
As the world begins to emerge from the global COVID-19 pandemic and lockdown measures are eased in the months ahead, the attention of decision makers will begin to shift towards the need to stimulate the recovery and to get economies up and running again. The crisis has already taught us many things, but perhaps one of the most poignant lessons is on the importance of digital infrastructure in sustaining economic activity.
You’ve probably already heard of “digitalization of real estate”. But what is it all about? What is your current state of play? And what are the steps to be taken to achieve it? This article offers you a concrete 4-steps methodology to successfully digitize your real estate portfolio.
These are certainly challenging times for both the public’s health and for the global economy. We are currently facing an unprecedented pandemic that has upended not only the financial markets, but business as usual.
As the global community continues to experience extreme and immediate climate effects, the need for climate action will persist. Since building and construction activities are responsible for 39% of all energy and process-related carbon emissions, real estate corporates have a distinct responsibility to develop ambitious, measurable climate strategies.
Updated on April 1st to announce the new GRESB Assessment submission deadline of August 1, 2020. We are keeping this post updated as the situation unfolds. Please also sign up for…
A blow from increased novel coronavirus fears sent both financial market and stability into freefall. With the outbreak of the COVID-19 pandemic, daily necessities are becoming scarce because of the fear of supply chain disruptions. We now confront a key question: Is this the new market trend?
Amsterdam, March 27, 2020, CET: 02:00 (JST: 10.00): GRESB is pleased to announce that Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, has joined GRESB as an…
Over the past decade, public health research has established a clear and significant connection between where individuals grow up and their lifelong health outcomes. Across the United States, neighborhoods just a few miles away from one another can have average life expectancies that differ by up to 30 years.
We are now in a critical period requiring rapid and urgent action to retrofit our buildings in a bid to address climate change. The Paris Agreement set a global imperative to restrict global warming to 2⁰C or below. To achieve this ambition, global greenhouse gas emissions need to reduce rapidly today with developed economies ultimately becoming Net Zero by 2050. We cannot afford to bide our time and cut emissions later.
Everyone agrees that an image is worth 1,000 words. In his book ‘Information Visualization’, Colin Ware states: “The eye and the visual cortex of the brain form a massive parallel processor that provides the highest-bandwidth channel into human cognitive centers.” With the human visual system processing more information than all other senses combined, visuals can be deciphered by the brain much quicker than written information.
2020 is marked by urgent global sustainability issues that are deeply inter-dependent. Safe-guarding human health, climate action and stabilizing the global economy have risen to the top of our list of priorities.
Global focus has shifted significantly towards climate change and the actions that governments, businesses and individuals are taking to mitigate its impacts. The term “net zero” specifically, has generated tangible traction. For the real estate industry, a driving force to transition towards net zero has been the World Green Building Council (WGBC) and their Advancing Net Zero (ANZ) project which first launched in June 2016.
While Socially Responsible Investing (SRI) has been a dominant theme in the European markets for some time, it has recently gained significant traction in the U.S markets as well. In fact, SRI-focused investment strategies now account for over one-fourth of total assets under management in the U.S.
The two central pieces of the Paris Climate Agreement, limiting the average global temperature rise to 1.5°C and becoming a carbon neutral economy by 2050, are starting to hit the real estate industry
Other than the GRESB Assessments, how many sustainability reporting frameworks or disclosure standards could you name? The recent decades have brought the United Nation (UN)’s Principles for Responsible Investment (PRI), Carbon Disclosure Project (CDP), Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and many more to the sustainability ecosystem.
GRESB is imminently approaching! Which for a lot of us in the ESG (Environmental, Social & Governance) industry, it means getting ready to report all the relevant activities that have been undertaken by funds over the course of the past year. In order to smoothen your reporting process and evidence collection, I have looked to outline some tips and tricks which will hopefully help you successfully deliver this year’s submission.
Reporting of sustainability and Environmental Social Governance (ESG) has evolved significantly over the years. Several organisations have matured and become leading examples; illustrating how reporting has been a way for them to better inform stakeholders, and as a tool for them to reflect on their journey and upgrade their approach to sustainability or ESG.
There’s no one-size-fits-all solution to sustainability reporting, but several key practices distinguish those who lead from those who struggle. Reflecting on the 2019 GRESB Real Estate results, there are over 1,000 responding property companies, and overall scores continue to rise as competition grows. To better the chances of coming out on top, here are a few tips to keep in mind throughout the reporting process – for this year and the next.
Managing the reporting and assurance process for your company’s ESG outcomes is difficult at the best of times, 2020 is set to become even more challenging.2019 will go down as the year the world announced a clear intent to move to a low-carbon economy. In 2020 governments, institutions and businesses will have to address how they manage this transition in order to ensure the long-term sustainability of their businesses.
Daniele Horton, founder and president of Verdani Partners, participated in a video interview at Nareit’s 2020 ESG JumpStart Workshop, discussing the changes that are being introduced to the GRESB Assessment in 2020.
Reporting on your environmental impact and sustainability initiatives can be a daunting exercise when you are a large and global enterprise. In effect, the greater your economic reach, the larger your governance portfolio, and subsequently the more pronounced – and more complicated – your impact on the environment and society.
Environmental, social and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments.
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 future of ESG investing in North America will be driven by the carrot rather than the stick during the next few years, but don’t discount the possibility that governments may bring out the stick in the absence of tangible progress on climate change.
The GRESB Listed Infrastructure Public Disclosure Dataset covers 155 companies in the listed Infrastructure space – including all 139 constituents in the GLIO Index. The dataset provides information on levels…
According to The Sustainable Development Report 2019, though progress has been made over the past decade, our current status is still far away from meeting “leaving no one behind”, the central principle of the 2030 Agenda.
The 2020 GRESB Assessments are now available in Pre-release. Each year real estate and infrastructure managers use the Assessments to measure, benchmark and improve their sustainability programs and report to their…
GRESB assesses and benchmarks the ESG performance of real assets, providing standardized and validated data to capital markets. We were established in 2009 by a group of large pension funds…
As one of the most prominent factors of climate justice and sustainable growth, Stakeholder Engagement is a growing focus and concern for GRESB respondents.
Can PropTech help the UK achieve its Net Zero commitment?
How can real estate connect with and relate to global challenges? What is the motivation behind the bigger picture?
One thing the Australian summer fires have clearly demonstrated is the connection and interdependence of the natural environment, human wellbeing, community livelihood and economic productivity.
Released in 2012, Sustainable DC was the District’s first comprehensive sustainability plan, establishing the Mayor’s ambitions and bringing together integrated planning across government departments to define an action plan for the American capital to be the healthiest, greenest, and most liveable city in the United States.
Since its establishment 10 years ago, GRESB has been at the heart of a collaborative effort to build consensus on what constitutes ESG materiality in the real estate sector, define…
For many companies, aligning with SDGs is the next big way to make a positive impact as an organization and attract investment dollars from increasingly climate-active investors.
GRESB Premier Partner Goby hosts a webinar on the state of GRESB in 2020 with a cameo by Dan Winters, Head of Americas. https://www.youtube.com/watch?v=wPsruY6NE2c The new year is always a…
New tools and technology are making it easier to understand and manage real world occupant experience. Four specific strategies can turn technology into effective management.
As we enter the festive period, we will all be reminded to “keep our proof of purchase” should any of our gifts need to be returned, it is the evidence…
Making cities sustainable remains high up on the international agenda as the planet faces a climate emergency.
In recent years, the interests of tenants in green or sustainable occupancy have gradually grown in prominence, ranging from green and/or healthy building accreditations to optimization of resource management and mitigation of environmental footprints.
GRESB assesses and benchmarks the Environmental, Social and Governance (ESG) performance of real assets, providing standardized and validated data to capital markets. We were established in 2009 by a group…
Mainstreaming ESG benchmarking in real assets 10 years ago, APG, PGGM and USS came together with the University of Maastricht to design a real estate survey. They wanted more transparency…
Let’s explore four key milestones of an organization’s sustainability journey to see how stakeholder engagement can help:
You can have the best product, the most polished program, the most innovative project, if you have not taken the time to ensure the people impacted by your initiative are fully on board, you will fail. It’s about as certain as death and taxes!
Sustainability isn’t a threat to future business – it is the future of business, of a thriving economy and long-term prosperity.
The transition towards a low-carbon future is well underway, but for the past few decades, companies and governments have struggled to come to an agreement on the technicalities of measurement. Some of these disagreements have arisen from genuine concerns, but many have been based on an attempt to delay the inevitable.
Real Estate companies and investors have a clear responsibility in helping transition to a low-carbon economy. But what is the best approach to address this challenge…?
Predicting and budgeting for the lifecycle of a commercial building is traditionally viewed as straight forward. Historic data, an understanding of market conditions, good knowledge of how buildings behave and…
Establishing long-term ESG related objectives by different companies is essential to enable the transformation that the industry needs in order to achieve a sustainable future for all.
Modern society is managed and influenced by targets. Setting targets, it seems, is an innate human characteristic, a product of our curiosity and sense of adventure perhaps and certainly a tool for driving progress.
Climate change is increasingly becoming a risk to people and to assets. It is up to investors how they deal with these risks in the near and long term future. De-carbonisation of the portfolio and divestments of real-estate in flood prone areas are effective tools to decrease risks in the short term.
Although a sizeable proportion of the world’s companies have voiced their support and developed short-term responses to the Paris Agreement, an analysis shows that we all need to move faster.
The green building certification movement began with a focus on environmental sustainability. Addressing core environmental issues related to energy, water, and waste was the foundation for early green building rating systems like LEED, a program developed by the U.S. Green Building Council.
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…
People spend around 90,000 hours at the workplace on average over their lifetime. A couple of researches have shown that the design of a workplace has a significant impact on the physical and mental health, well-being and productivity of its users.
The expectation of an easy, predictable, problem-free existence has never occurred in the lives of any of us It turns out that stress is the new manager in companies. Some…
As wellness rises up the corporate agenda, we are fast realizing there is real opportunity to add value to real estate assets, enhance human health, achieve excellence in general building operations and, from a business perspective, generate savings in employee costs.
It may not be feasible for every building to have its own pool or gym, but all Residential owners should be thinking critically about what health and well-being interventions could benefit their properties. And for owners who have already taken steps to improve their building’s energy performance, health and well-being can be approached with a similar process.
People do not often consider how the places where they spend their time affect their health. When asked how often they consider the health and environmental impacts of the buildings they spend time in, 39 percent said they never considered it or do not know.
The 2019 GRESB Results events period is almost over- with 22 events being held across 4 continents and 14 countries.