GRESB launches 2015 global survey of real estate sustainability performance
As the movement toward sustainability in the built environment gathers further momentum, USGBC is increasingly proactive about making key strategic relationships to help raise the profile of the international green building industry.
Toward this end, USGBC is very excited about the launch of the 2015 GRESB Survey which officially opens today. USGBC is a longstanding partner of GRESB and supports their mission of evaluating and improving sustainability practices in the global real estate sector.
GRESB provides institutional investors with a critical industry benchmark regarding how their capital advisors engage with environmental, social and governance issues, and implement industry best practices. Since its inception in 2009, GRESB has become incredibly helpful to real estate private equity portfolio managers and REITs around the globe, allowing them to share sustainability achievements and improvements with their broader stakeholder base.
GRESB is widely recognized as the global standard for portfolio-level sustainability reporting in the real estate sector, and its annual survey serves as an assessment of the sustainability performance of real estate portfolios around the world.
The GRESB assessment criteria enable portfolio managers to consider ESG issues important to real estate investors. Annual participation allows investment advisors opportunities to examine their current practices and make proactive decisions in the face of volatile energy prices, new statutes and regulatory requirements, and evolving market preferences from corporate tenants. The GRESB benchmarking results help participants identify areas for internal improvement by placing the annual assessment within peer group context. This provides a critical edge in an always-competitive sector.
Private equity fund managers and REITs are encouraged to participate by registering via the GRESB online portal at gresb.com. The Survey is open for responses between April 1, 2015 and July 1, 2015. GRESB does not accept late submissions, and participants are advised to start the process as early as possible to ensure enough time to complete the Survey by the deadline.
The annual GRESB Survey includes seven aspects of sustainability spanning management policies to stakeholder engagement. GRESB also includes an optional New Construction & Major Renovations aspect for companies and funds that undertake development activities.
The Survey questions examine an array of topics relevant to institutional investors including:
- What sustainability-related strategies, policies and objectives are in place at the organizational level?
- What actions have been taken to implement these strategies/policies and to achieve the objectives?
- What frameworks, standards and certification/rating schemes are used within the portfolio?
- What key environmental performance indicators are measured and monitored within the portfolio?
More information about the Survey process can be found on GRESB’s website.