GRESB Results

The results for the GRESB (Global Real Estate Sustainability Benchmark) Real Estate and Debt Assessments are released in London on September 7th.  The event will stimulate discussion on the current environmental, social and governance (ESG) issues that are material to the Real Estate sector. It will be particularly revealing to see whether the success of COP 21 has catalysed a higher level of corporate engagement with ESG issues. Additionally, uncertainty remains over the investment future in corporate real estate following the Brexit vote, however, as GRESB insights have alluded to previously, it may be the Green building sector that turns out to be most resilient.

Greengage eagerly anticipate the results, having assisted a number of companies in their reporting for 2016. We are confident that, whilst the scoring for GRESB is expected to be more stringent this year, the results of our clients will exhibit the positive economic impact of engagement with material ESG issues. A key issue which has gained substantial traction over the past year for its potential to reduce costs is that of the influence of the physical environment on Health and Wellbeing. GRESB recognised this last year and incorporated a voluntary module to gain a better understanding of the impact this has had on a corporate level. The feedback from this module will be noteworthy in informing respondents whether the module will be integrated into the main assessment in the foreseeable future.

Following the release of the 2016 results, GRESB will undertake a period of engagement with investor members to discuss the outcomes and help them to make best use of the data to enhance their responsible investment practices.  In the autumn, investor members and participants will be able to provide feedback to GRESB on the assessment content, which will inform amendments to the 2017 assessment (due for launch in the spring). To discuss your individual results or plans for 2017 disclosure to GRESB, please contact Chris Burgess (chris.burgess@greengage-env.com, 020 3078 9734)