Throughout 2024, the GRESB Foundation has been working on changes to the 2025 Standards (both Real Estate and Infrastructure) and confirming them in advance of the October 2024 release of the 2025 Strategic Roadmap, which will be published here.
Prior to publishing the full roadmap, we have been outlining key elements of these changes online after they have been approved by the GRESB Foundation.
Below is a summary of the most recent Real Estate changes:
Renewable Energy Quality
To ensure that the Standard appropriately considers and applies stringent quality criteria pertaining to participant procurement practices, a collection of the most relevant characteristics of renewable electricity procurement will be made at the asset level.
Embodied Carbon
Several updates will be applied to the Standards to make embodied carbon more prominent across all three components, with a primary focus on development-related activities. Following a content review, adjustments to existing indicators will be made, and scoring, an amendment of scoring logic, and new validation requirements will be introduced.
Residential Real Estate
This is the first of future changes, part of our wider effort to bring greater sector specificity to the Standard, and will be conducted as a general review of all indicators to better cater to the residential sector. This basket of changes includes:
- Removal of existing indicators for residential portfolios
- Restructuring and repurposing of existing indicators to residential portfolios
- Adjustment of scoring weight of existing indicators to better reflect their materiality level to residential portfolios
- Development of new indicators covering topics deemed material for residential portfolios