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D7: Specific Governance Objectives

Maximum Score

1.5 points

Pillar

Governance

Topic

Management & Policy

Does the entity have specific governance objectives?

Assessment Instructions

Intent: What is the purpose of this indicator?

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

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 governance objectives should, at a minimum, include the following:

  • Clear business aspirations that positively impact the governance of a property company or REIT.

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

Examples can include, but are not limited to, the implementation of measures that promote transparency or targets set for board diversity.

Best practice disclosures on governance 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 governance 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. 

Governance Objectives

Overall goals arising from policies that an entity sets itself to achieve regarding relevant governance issues, such as bribery and corruption, cybersecurity, or board composition. These objectives should be quantifiable and correlated with the entity's ambitions.

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 Ensure that the hyperlink is not outdated and the relevant page is directly accessible.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): 102-22, Composition of the highest governance body and its committees

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