GRESB was launched in 2009 by a group of large pension funds who wanted to have access to comparable and reliable data on the ESG performance of their investments. In the intervening years, it have grown to become the leading Environmental, Social and Governance (ESG) benchmark for real estate and infrastructure investments across the world.
ESG data covers USD 4.5 trillion in real estate and infrastructure value and it is used by more than 100 institutional investors to make decisions that are leading to a more sustainable real asset industry.
It has an engaged community of asset managers who are proud to participate in our annual benchmarking process and a group of inspirational industry partners, media partners and ESG service providers who amplify our reach.
“Sustainable Real Assets”
A sustainable real asset industry plays a critical role in creating a sustainable world – one where society can meet the needs of the present without compromising the ability of future generations to meet theirs.
GRESB assesses and benchmarks the Environmental, Social and Governance (ESG) performance of real assets, providing standardized and validated data to the capital markets.
The Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks such as GRI and PRI.
Assessment participants receive comparative business intelligence on where they stand against their peers, a roadmap with the actions they can take to improve their ESG performance and a communication platform to engage with investors.
Investors use the ESG data and GRESB’s analytical tools to monitor their investments, engage with their managers, and make decisions that lead to a more sustainable real asset industry.
Carbon Risk Real Estate Monitor (CRREM)
The 2020 GRESB Real Estate Assessment will include an integration with the CRREM methodology to show real estate carbon transition pathways at portfolio and asset level needed to remain within 1.5 and 2.0 degrees of warming.
Purpose of the CRREM research and innovation project: The Carbon Risk Real Estate Monitor (CRREM) is a research and innovation project, that defines science-based decarbonization targets and pathways for the commercial and residential real estate industry in order to reduce transition risks.
Targets are consistent with the Paris Climate Agreement’s commitment to limit global warming to 1.5°C or 2°C, broken down per country and property type. CRREM’s methodology uses a global carbon budget as specified by global warming scenarios defined by the Intergovernmental Panel on Climate Change (IPCC).
CRREM uses GHG emissions or energy consumption divided by total floor area to determine a portfolio’s intensity-based transition pathway. This details how specific assets need to become more efficient in order to align with certain transition scenarios. Each pathway will extend to 2050 and be comprised of annual estimates of building-related carbon emissions and energy performance – expressed in kWh per m2/ft2 and CO2 per m2/ft2 respectively.
The CRREM decarbonization pathways will be released for public consultation by February 2020 on www.crrem.org. Relevant market participants, including investors, managers, Real Estate Investment Trusts (REITs), green rating systems and other stakeholders, are encouraged to share their views on the decarbonization pathways and help develop a common language for assessing climate transition risk in real estate.