GRESB

Overview

GRESB assesses and benchmarks the Environmental, Social, and Governance (ESG) performance of real estate assets, providing standardised and validated data to the capital markets. Established in 2009, GRESB has become a trusted benchmark for ESG performance of real estate and infrastructure investments. 

Scope & Adoption

GRESB covers the global real asset sector, assessing thousands of real estate portfolios and infrastructure assets. Entities that report to GRESB consist of real estate funds, REITs, property companies, real estate developers, infrastructure fund managers and asset operators. In 2022, there was a notable 20% increase in global participation with 1,820 entities participating worldwide.

Why it Matters

GRESB is vital for:

• Investor Confidence: Provides investors with increased ability to assess and compare the ESG performance of various assets and portfolios. 
• Performance Benchmarking: Enabling comparisons and driving improvements in ESG performance across the real estate sector.

Scoring & How to report

Companies report annually through GRESB's Assessment opening on April 1 and closing on July 1. This is done on a regular cycle with the data being validated by a third party and companies receiving an overall ESG score. This data is then used to generate the following ESG benchmarks for the industry:

• Real Estate Benchmark
• Real Estate Development Benchmark
• Infrastructure Fund Benchmark
• Infrastructure Asset Benchmark

Alignment with other frameworks

GRESB aligns with global sustainability frameworks, providing a sector-specific approach to ESG assessment. For example, the Sustainability Accounting Standards Board (SASB) provides 77 industry specific ESG frameworks including a Real Estate specific standard. In addition, GRESB provides an alignment report with the Task Force on Climate-Related Financial Disclosures (TCFD) available to entities reporting to any of the GRESB Assessments.

GRESB with Nossa Data

Nossa Data provides clients with a GRESB template depending on the assessment an entity is reporting. Clients have access to simplified in-platform guidance.

Start your GRESB Journey with Nossa Data

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Sources:

• https://www.gresb.com/nl-en/about-us/ 
• https://www.gresb.com/nl-en/how-to-prepare-for-a-successful-reporting-period/#:~:text=The%20GRESB%20Assessments%20follow%20a,the%202023%20GRESB%20Assessment%20timeline. 
• https://www.gresb.com/nl-en/products/tcfd-reporting/ ‍
• https://www.gresb.com/nl-en/2022-real-estate-results/#:~:text=The%202022%20real%20estate%20benchmark,list%20of%202022%20participants%20here.