D5: Specific Environmental Objectives

Maximum Score

1.5 points

Pillar

Governance

Topic

Management & Policy


Does the entity have specific environmental objectives?

Assessment Instructions

Intent: What is the purpose of this indicator?

Disclosing specific environmental objectives informs investors and other stakeholders of the entity's efforts to integrate sustainability into its corporate strategy and contribute to positive environmental impacts.

Input: How do I complete this indicator?

Select yes or no. If yes, disclose where the online information can be found.

A disclosure on specific environmental objectives should, at a minimum, include the following:

  • Clear business aspirations that positively impact the environment.

The stated objective will not be awarded points if it refers broadly to sustainability and does not cover a specific environmental topic.

Examples can include, but are not limited to, specific targets to reduce energy consumption or GHG emissions, targets set for achieving building certifications, or measures to promote biodiversity.

Best practice disclosures on environmental objectives often contain the following elements:

  • Clear objectives and targets relating to specific projects or topics. Progress updates against these targets.

  • Time-bound elements around the objectives.

  • Explanation regarding the extent of integration between environmental and financial objectives

  • Explanation of the extent to which integration of environmental objectives with business strategy and/or financial objectives fosters further alignment.

Terminology

Disclosure

The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure does not need to be public, but must be external to the reporting entity and cannot be an internal and/or ad hoc communication within the participating entity. 

Environmental Objectives

Measurable

elate to quantifiable goals or strategic developments.

Time-bound

An objective with reference to a time frame allowing for monitoring/progression towards the goal.

Validation: What evidence is required?

Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.

Scoring

Scoring: How does GRESB score this indicator?

The answer options are validated by using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.


References

EPRA Best Practices Recommendations on Sustainability Reporting, 3rd version, (September 2017): 5.7, Analysis

SASB (March 2016)-Real Estate Owners, Developers & Investment Trusts: IF0402-05

GRI Sustainability Reporting (2016): 1.2, Sustainability context

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