Ready, Set, GRESB: Best practices for strategic reporting
Ready, Set, GRESB – A practical guide for strategic GRESB reporting
GRESB is an ESG (Environmental, Social, Governance) reporting framework designed to help investors assess the performances of commercial real estate portfolios around the world through a lens of sustainability. Recent years have shown increasing demand from a wide range of stakeholders and interested parties, including investors and tenants, for the adoption of ESG-centric business practices, sustainable operations, and responsible growth across the real estate industry.
Environmentally conscious asset operations are a core element of strong ESG performance and growth for real estate companies. The GRESB Assessment is based on a comprehensive view of sustainability and ESG and is comprised of 21 Aspects categorized into three Modules:
- Management: Leadership, Policies, Reporting, Risk Management, Stakeholder Engagement
- Performance: Risk Assessment, Targets, Tenants & Community, Energy, GHG, Water, Waste, Data Monitoring & Review, Building Certifications
- Development: ESG Requirements, Materials, Building Certifications, Energy, Water, Waste, Stakeholder Engagement
In recent years, there has been increased demand for sustainability-focused real estate construction and operation, as well as a call for increased transparency into the efforts put forth by companies as they adopt ESG-centric (Environmental, Social, and Governance) business practices, all leading to the adoption of new strategic GRESB reporting processes.
Time is of the essence: parts of the GRESB submission process may be more time-consuming and challenging than you anticipate. Data collection, for example, is a process that can take months, and sometimes even years. Starting this process earlier widens your ability to collect and report on historical data consumption, and will lead to stronger performance and ultimately to a better GRESB score.
Actionize your ESG data and GRESB reporting today!
Ready to start reporting to GRESB? Already reporting, but trying to improve your performance? Download our best practice guide for strategic GRESB reporting and turn your ESG insights into actionable results.