Carbon Footprint Dashboard

Get an estimation of the total energy consumption and GHG emissions for combinations of funds.

Introduction

What is the Carbon Footprint Dashboard (CFD)?

The Carbon Footprint Dashboard is an interactive tool that empowers real estate investors to explore and better understand the energy consumption and greenhouse gas (GHG) emissions of their GRESB Real Estate portfolios. It provides a comprehensive overview of a portfolio’s financed emissions, enabling investors to uncover insights to inform decisions – benefiting investments and the planet.

User Instructions

Users & Access Rights

GRESB Real Estate Investor Members (listed and/or non-listed) can access the Carbon Footprint Dashboard through the Portal.

1

Input criteria

To input information and generate a dashboard, first:

• Choose your preferred unit of measurement for area (m2 or ft2)

• Select the entities you wish to include in the calculation from the list of entities you have access to.

2

Generate the dashboard

There are two ways to select entities:

• Users can manually select by searching for specific entities using their names directly or using filters for locations, property types, legal status, and investment strategy (available only for non-listed funds). To select the entities, please check the box next to them and fill out the entity ownership % (the value should be between 0 and 100)

• Alternatively, users can import entities by first exporting the list of entities to which you have access in CSV format and filling out the percentage of ownership for the entities you wish to include. Delete the entities that you wish to exclude from the calculation, save the file, and then upload it to the Portal. The content will be reflected on the Dashboard once the file has been successfully uploaded

You can view the selected entities next to the “Choose Entities” tab. If you’d like to clear your selection, you can do so by clicking the “Remove All” button.

Next, click “Generate Dashboard.”

3

Navigate the dashboard

The corresponding buttons will allow users to navigate between portfolio and entity views for both the Energy and GHG tabs.

When looking at the portfolio view, users can visualize metrics by country and property sector.

Users can also use the filters to adjust and interact with the data

Additionally, in the GHG tab, users have the option to choose between market-based and location-based emissions

The data can be downloaded in Excel format according to the category (Energy or GHG) and view (portfolio or entity view)

Users are also able to convert the charts and tables to PDF

4

Export

Export the portfolio and entity (Energy & GHG) data in Excel format by using the “Download Data” button or a PDF version of the charts using the “Convert to PDF” button.

Carbon Footprint Calculation Methodology

Calculation Steps

GRESB calculates a portfolio's carbon footprint by:

1. Extracting the energy consumption data reported by entities submitted in the Performance component of the GRESB Real Estate Assessment

2. Completing the energy consumption data using GRESB's Estimation Model (click below to learn more)

3. Converting of the energy consumption into GHG emissions

4. Aggregating of the GHG emissions (in line with PCAF attribution methodology)

GRESB Estimation Model

Usability & Coverage

Is the Carbon Footprint Dashboard available for infrastructure investors?

Currently, the Carbon Footprint Dashboard is only available for GRESB Investor Members with a real estate subscription (listed/non-listed).

Which entities can users include in the analysis?

GRESB Real Estate Investor Members (listed/non-listed) can generate a Carbon Footprint Dashboard for all entities that:

• Have granted the investor access to their Benchmark Report

• Have submitted the Performance Component of GRESB Real Estate Assessment

• Data can be displayed in compliance with the terms & conditions

Does it cover listed and non-listed entities?

Yes, the Carbon Footprint Dashboard covers both listed and non-listed real estate entities. The type of entities available in the Dashboard is contingent on the subscription of your investor membership.

Can I create multiple analyses?

For the current version of Carbon Footprint Dashboard, GRESB Real Estate Investor Members can only generate one dashboard at a time. Previous versions of analysis generated will not be stored. Investors can export the data in Excel format or a PDF version of the charts, once they have generated the desired analysis.

Why might the entity name differ between the input page and the dashboard?

The difference happens because the entity may have changed its name after the Carbon Footprint Dashboard was last updated. The input page shows the updated name, while the Dashboard still displays the name that was current at the time of the last update.

Methodology

Why does GRESB use calculated GHG data instead of reported GHG data?

Using calculated GHG data enables GRESB to fill any data gaps and ensure 100% coverage, leveraging the GRESB Estimation Model. Using GHG data reported by participants in GRESB Real Estate Assessment would create inconsistencies with the rest of the GHG data, which is derived from the energy data of the asset in a standardized way.

Using calculated GHG data provides benefits including:

• Boosting the consistency of GHG data through the use of a robust set of emission factors

• Enhancing the consistency in the delineation of Scope 1, 2 & 3 emissions

• Increasing the comparability of GHG data across investor portfolios

How does the dashboard calculate the investor's share of energy consumption and GHG emissions?

Investors using the Carbon Footprint Dashboard will be required to input their Entity Ownership % of each entity they would like to include in their portfolio for analysis. The Carbon Footprint Dashboard will consider the Entity Ownership %, along with the percentage the entity owns in each asset (taken from the GRESB Asset Portal) in the calculation of the investor’s share of energy consumption and GHG emissions.

This is in alignment with the Partnership for Carbon Accounting Financials’ (PCAF) attribution methodology. The GHG metrics on display are thus representative of the investor’s “financed emissions.”

What is covered under Scope 3 emissions in the CFD?

Scope 3 emissions in the GRESB Assessment are calculated as those associated with tenant areas, unless they are already reported as Scope 1 or Scope 2 emissions (if they cannot be disassociated from emissions from other areas).

For the purposes of the GRESB Assessment, as well as for the calculation of financed emissions from real estate operations of investment portfolios, Scope 3 emissions refer only to emissions relating to the energy consumption of the building.

They do not include emissions generated through other tenant-related emissions such as those by its employees, transmission and distribution losses, manufacturing loads (assuming they can be separated from building energy consumption), or upstream supply chain emissions.