GRESB Newsletter | 2023 Standards & Reference Guides, SFDR, and Net Zero Working Groups

What’s new in January

We hope your 2023 is off to a productive start and that you are making the necessary preparations to successfully monitor and report on your ESG practices, progress, and other sustainability initiatives this year.

To help you prepare for the 2023 GRESB Assessments and get familiar with the changes introduced in 2023, we have released our 2023 Real Estate and Infrastructure Standards & Reference Guides, formerly known as Reference Guides, earlier than ever before. Please see the resources below: 

Join us for the Foundation Town Hall: 2023 Assessment Q&A events on March 22 & 23 to discuss the assessments and ask any questions in preparation for this year’s submissions. Attendees can either submit their questions via the registration form or ask questions live during the event.

A total of four session will be taking place. Register via the links below:

GRESB SFDR Reporting Solution

With the beginning of 2023, SFDR reporting is now officially mandatory and real assets managers are expected to provide financial disclosures this year using 2022 data. 
For many asset managers, the main challenge will be to report on detailed product-level ESG characteristics, specifically Principal Adverse Impacts (PAIs).

The GRESB SFDR Reporting Solution, available for both real estate and infrastructure, can help you comply with the regulation by helping you collect more accurate PAI statements from the very start, future-proofing your reporting.

Real estate managers missing critical energy and GHG data can also take advantage of the GRESB Estimation Model (GEM) to get highly accurate estimations based on real data in the GRESB database.

Ready to get started with SFDR reporting? Product details and purchase information can be found on our website. The 2023 SFDR Assessments will become available later this quarter.

Questions? Contact us here.

Foundation Update

GRESB’s first Net Zero Working Groups
​​The GRESB Foundation will soon form the first GRESB Real Estate and Infrastructure Net Zero Working Groups. We will be accepting applications until January 26. So far, we have received great interest from the GRESB community and we thank all of those who have applied or reached out. More information about the scope, timeline, expected outputs, and how to apply, can be found on our website.

The GRESB Foundation has recognized net zero as the number one priority ESG topic that needs to be further addressed and scored in the GRESB Standards, making it a key area of focus for 2023. The establishment of Net Zero Working Groups in Q1 2023 is the first engagement GRESB will conduct as part of a broader series of stakeholder engagements throughout the year on this topic.

How GRESB aligns with common ESG reporting frameworks
The GRESB Foundation would like to thank the GRESB Partners who contributed to the annual alignment analysis between GRESB Standards and other prominent ESG reporting frameworks. This year, the analysis covered reporting tools from CDP, GRI, SASB, as well as the UN PRI. 

Assessments are based on the independently owned and governed GRESB Standards, which are reviewed on an annual basis by the GRESB Foundation. This ensures that material ESG issues are addressed and covered by the GRESB Assessments as they develop and emerge. Part of this process is reviewing and mapping other important frameworks and standards to understand where and how the GRESB Standards may align.

This annual alignment review may inform prioritization of ESG issues that are considered in the GRESB Standards as well as the approach taken for the technical implementation of any proposed changes. 

Find out more about the alignment exercise and our partners by visiting our website.

Foundation profiles
Our monthly series of Foundation Board Member Profiles aims to give GRESB members and partners insights into the priorities and work of the Foundation and to get to know each Board Member. Read this month’s Board Member profile below:Helena Olin, Head of Real Assets, AP2

Contribute to GRESB Insights

Through GRESB Insights, we seek to highlight case studies on ESG integration in real assets, data-driven analyses into how the industry is responding to sustainability challenges, and educational articles exploring topics covered in the GRESB Assessments.

Our 2023 editorial calendar is now live on our website and we look forward to sharing the thought leaderships of our members, partners, and industry leaders in the coming year.

Next month’s topic is Diversity, Equity & InclusionSee all of our GRESB Insights here

Upcoming Industry Events

PERE Asia Summit 2023 | February 21-23, 2023 | Singapore

Ben McCarron, GRESB Ambassador, Asia, will be joining the panel “The race to zero by 2050 – are we on track?” to discuss the role of real estate investors in the net-zero transition, innovations required for a transformative change to a net-zero economy, and how urban redevelopment plans factor in sustainability commitments

The Green Real Estate Beyond Net Zero | February 9, 2023 | Bangkok, Thailand

Join GRESB’s Trey Archer at The Green Real Estate, where forward thinking professionals come and get the latest market insights from those shaping the future of ASEAN’s real estate and with a dedicated mission of bringing up healthier, smarter and greener buildings to Asia.

ESG & Decarbonizing Real Estate Forum | February 7-8, 2023 | Nashville, USA

Join GRESB’s Dan Winters at IMN’s forum to explore all of the issues surrounding ESG, including strategies around closing the gap between profitability, sustainability and making real commitments to social change.

See our events calendar for a full overview of upcoming events.

Careers at GRESB

GRESB is growing and looking for new people! Please feel free to share with your network.

Our most recently added open positions:

What are we reading

> ESG Means Business, Winter 2023 | Institutional Real Estate, Inc. & GRESB

Asia Pacific leads the rest on ESG data | Institutional Real Estate Asia Pacific