Insights on 2024 Real Estate scoring changes

This page offers a detailed view of how score changes were distributed across region, sector, Standing Investment versus Development, and portfolio size. The analysis provides a clearer reflection of our diverse participant base, showing how portfolio size and country-level trends impact scores within the updated framework.

Key insights

  • Many score decreases are a result of benchmark composition changes (shift from regional to country-level benchmarking)
  • GRESB Universe: 40% of participants in the Standing Investment Benchmark saw a score decrease, compared to 31% in the Development Benchmark
  • Larger portfolios saw a higher percentage of score declines

Example:

For U.S. entities, the scoring impact this year largely stems from changes in benchmark composition. Previously, these entities were benchmarked against the broader Americas region, which included countries in Central and South America with varying levels of ESG maturity. Now, in alignment with other individual countries, U.S. entities are evaluated on a more competitive basis, heightening the challenge of securing a score increase. This shift likely mirrors the experience of other regions or countries where localized benchmarking has raised the performance bar.

Please explore the detailed tables below for insights by country, region, sector, and portfolio size to better understand the distribution of score impacts and how your own results fit within these broader trends.

Score distribution insights

  • Standing Investments – Regional Insights

    Region% of entities with score drop
    Africa0%
    Americas41%
    Asia46%
    Europe37%
    Globally diversified36%
    Oceania47%
    Total40%
  • Standing Investments – Portfolio Size Insights
    Asset count category refers to the number of assets that make up the reporting entity.

    Asset count category% of entities with score drop
    Greater than 25056%
    Between 80 to 25047%
    Between 40 to 8044%
    Between 20 to 4035%
    Between 10 to 2037%
    Between 5 to 1040%
    Less than 532%
    Total40%
  • Standing Investments – Sector Insights

    Performance sector% of entities with score drop
    Diversified42%
    Diversified – Office/Industrial39%
    Diversified – Office/Residential42%
    Diversified – Office/Retail43%
    Healthcare47%
    Hotel18%
    Industrial41%
    Mixed use50%
    Office42%
    Residential35%
    Retail41%
    Technology/Science59%
    Total40%

For more in-depth insights, please contact our Member Success Team at [email protected].

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