Complete your GRESB Assessment before time runs out
It’s been another busy month for GRESB with the launch of the new Climate Risk Platform, a data collaboration with Nikkei Inc., and joint-projects with our members and Industry Partners. But as there are only 2 weeks left before the 2020 reporting period ends, we wanted to start with 4 quick Assessment reminders:
All participants: The deadline for the 2020 Assessments is August 1, 23:59 PDT
All participants: Remember to complete the 2020 Resilience Module
The 2020 Resilience Module aligns with recommendations from the Task force on Climate-related Financial Disclosure (TCFD) and will help you respond to the growing investor attention on climate risk and resilience.
Listed companies: Your ESG Public Disclosure evaluation is ready for review
If you are a listed property or infrastructure company, please review and amend the data we have collected on your ESG disclosures. See the Public Disclosure Reference Guide for Infrastructure and Real Estate for the steps to follow..
Nareit members: The Leader in the Light Supplement is available in the Portal
If you are a GRESB Real Estate Participant and also a member of Nareit, remember to complete the Leader in the Light Supplement, which is the basis for the annual Leader in the Light Awards.
Once again, please don’t hesitate to contact us if you have any questions about our work or need our assistance with completing your 2020 Assessment.
Here is a link to the Assessment timeline including the dates for the results release.
Thank you for your time and attention.
The new GRESB Climate Risk Platform provides asset-specific physical climate risk exposure data and benchmarks
We’ve just launched a new platform to provide you with physical climate risk exposure data directly in the GRESB Portal. Global geospatial risk provider Munich Re is first on the platform to provide asset-level intelligence across multiple climate scenarios and time frames.
The GRESB Climate Risk Platform gives you a clear picture of portfolio exposure to a wide variety of physical climate risks so that you can:
- Identify which of your individual assets are most exposed
- Stress test your portfolio against multiple climate scenarios
- Plan for the long-term with multiple time horizons
- Report in line with TCFD recommendations
- Analyze assets for due diligence
The climate risk data is available for all real estate portfolios, including portfolios that do not participate in the GRESB Real Estate Assessment.
Nikkei Inc. launches a green REIT Index using data from GRESB
The “Nikkei ESG-REIT Index” takes ESG performance into account based on the GRESB Rating. Index constituents are selected from REITs listed on the Tokyo Stock Exchange, and market capitalization weights are adjusted so that high-performing REITs have increased weights in the index.
LTTIA releases a new 2020 ESG Handbook
The Long Term Infrastructure Investors Association (LTIIA) has created a new enriched edition of their ESG Handbook for Institutional Investors. The Handbook provides a rich variety of examples drawn from the collective experience of their members, ranging from asset owners, fund/asset managers, service providers and advisors from across the infrastructure sphere.
Thierry DEAU, LTIIA chairman writes in the forward: “The timing could not be more appropriate as the current crisis reveals the weaknesses and lack of resilience of many economic models. So take some time to go through this fascinating opus: I sincerely hope you will find in it inspiration to act, ever more decisively towards a better and more sustainable world.”
The Australia Hotel Sector Looks to the Future with ESG at the Forefront of Mind
Climate risk is investment risk and COVID-19 presents a rare opportunity for the hospitality sector to paint a brighter, greener future. Pro-invest, GRESB and NABERS discuss the cross overs between COVID-19 and ESG within Real Estate, with a focus on Australia’s Hotel sector.
Establishing a set of sustainable digitalisation ESG investment indicators
GRESB is an Industry Partner of the Sustainable Digitalisation Project (SDP). The purpose of the SDP is to make digitalisation in real estate and cities responsible, ethical and sustainable. One of the initiatives under the SDP is aimed at establishing a set of ESG investment indicators for investors to use to better engage with their investee companies on their approach to digitalisation risk and opportunity management. GRESB and the SDP invite all GRESB Investor
Members to participate in this initiative by responding to a short survey.
Save the date: The 3rd Annual Nordea | GRESB Green Building Forum will take place on September 25, 2020.
New data streams providing asset-level intelligence on climate risk and resilience are revolutionising the sustainable finance market. The field is evolving at an unprecedented pace, learning is happening at fantastic scales, and a substantial shift in real estate financing is underway. That’s why we are excited to partner with Nordea to bring together the leading investors, market experts, and climate scientists who are shaping the sustainable financing markets of the future.
We’ll have more details on the program soon, including how we’ll be managing the break out sessions and panel dialogues. For now, please save the date in your calendar.
New Members: Welcome to GRESB
Alaya Consulting | Real Estate Partner
Alaya Consulting is excited to be a GRESB Partner. Leveraging on our successful track record on advising leading real estate developers, we look forward to promoting best ESG practices in the real estate and asset sector.
Alecta | Real Estate and Infrastructure Investor
When we undertook an assessment of our ESG process we identified GRESB as an emerging global standard for fund managers and infrastructure assets to benchmark ESG practices. Becoming a member of GRESB creates transparency and support under the process of selecting the highest performing managers within ESG,” says Johanna Strömsten Friberg, Portfolio Manager at International Real Assets.
Cooltree | Real Estate Partner
Very excited to become the latest GRESB Real Estate Partner and further improve the ESG performance of Real Estate Investors through this partnership.
Grosvenor Capital Management Holdings, LLLP | Infrastructure Investor Member
Kempen Capital Management | Infrastructure Investor Member
Quay Global Investors | Real Estate Investor Member
Now on GRESB Insights
Last month, GRESB Insights featured articles and case studies on the topic of Resilience & TCFDs and COVID-19. Check out the articles submitted by the following GRESB Partners:
Resilience & TCFDs
- Now Is The Time To Start Moving the Needle On Your TCFD Efforts, Here’s Why | Goby
- Feedback on a data analysis script that enabled energy savings during Covid-19 lockdown | Deepki
- The Forest and the Trees of the TCFD: Pairing Asset-Level and Strategic Resilience Assessments to Uncover Risks and Opportunities | The Climate Service & WSP
- Rethinking Occupant Health and Re-Entry Strategies During a Pandemic | Verdani Partners
- What next for sustainability – the post-pandemic corporate agenda | Carbon Care Asia
- COVID-19 as a game changer – People. Planet. Profit. | PwC
- Returning to Work under Pandemic: Maximizing Peace of Mind, Minimizing Costs | Software Motor Company
- Post-COVID-19 reality check on Environmental, Social and Governance (ESG) performance | Fabriq
- COVID-19 and Commercial Energy: Realizing and Sustaining Savings | Yardi
- The Long-Term Impact of COVID-19 on the Global Real Estate Market | Refined Data
- Out of Pandemic, Transformational Resilience Can Emerge | WSP
- Responsible investors are leading the way to the post-pandemic recovery and the sustainable future ahead | Global Infrastructure Investor Association (GIIA)
- ESG Has Reached a Flash Point: Now, it’s Time to Digitize | Measurabl
- Green Recovery Preventing the Final Wave | Allied Environmental Consultants
GRESB is hiring
We are looking for a Marketing, Events & Communications Intern to join our small marketing, events and communications team in Amsterdam. Learn more about this opportunity and apply.
What GRESB is reading
World has six months to avert climate crisis | The Guardian: “According to analyst company Bloomberg New Energy Finance, more than half a trillion dollars worldwide – $509bn – is to be poured into high-carbon industries, with no conditions to ensure they reduce their carbon output.”
Climate math: What a 1.5-degree pathway would take | McKinsey & Company: “Getting to 1.5 degrees would require significant economic incentives for companies to invest rapidly and at scale in decarbonization efforts… A markedly different regulatory environment would likely be necessary to support the required capital formation.”
Private Equity Makes ESG Promises. But Their Impact Is Often Superficial. | Institutional Investor: “To address these challenges, institutions, including those in finance and private equity, will have to play a more active role in social and environmental problem-solving.”