Resilience: The ability of real estate and infrastructure to survive and thrive under social and environmental shocks and stressors
Property and infrastructure companies often find themselves on the frontlines of these changes. They are drivers of change – shaping the physical fabric of cities and communities and contributing a large fraction of global greenhouse gas emissions. They are also particularly vulnerable to change – long-term, immobile, and often illiquid investments subject to a myriad of physical and social shocks and stressors. Institutional investors increasingly recognize the materiality of these risks and opportunities. As a result, real assets are being asked to be more transparent and accountable for their contributions to global change and their role in providing solutions.
GRESB Launches Resilience Module
The Resilience Module is planned as a 3 year effort:
The 2018 Resilience Module reflects broad alignment with recommendations from the Task Force on Climate-related Financial Disclosures as well as concepts embodied by the 100 Resilient Cities network. It provides an initial high-level screen intended to raise awareness, motivate internal discussion, and provide a basic level of transparency for investors.
The current 2019 Resilience Module has a strengthened scoring model with new indicators introduced for testing. And in Year 3 selected indicators will migrate to the core GRESB Assessments. Alignment with industry standards and guidelines will continue throughout together with the development of a growing suite of analytical tools in the GRESB Portal for management and communication.
Results from the 2018 Resilience Module
Special Report: Resilience & Real Assets
The report draws on the results of the 2018 Resilience Module and showcases the actions taken by leading funds and companies to address the resilience challenge. It also identifies important areas for improvement, providing ten actionable recommendations for investors and real asset companies working to navigate evolving expectations for the management of climate risk and resilience.