GRESB Real Estate Assessment
GRESB (Global Real Estate Sustainability Benchmark) is a global standard for assessing the sustainability performance of the real estate industry worldwide. It was established in the Netherlands in 2009 and has since become a leading framework for evaluating the Environmental, Social, and Governance (ESG) practices of real estate companies and infrastructure projects. Unlike other green building assessment systems like LEED and EEWH, GRESB focuses on evaluating the sustainability of real estate companies at the corporate level rather than individual buildings or projects. This approach allows for a more comprehensive assessment of a company’s overall commitment to sustainable and green practices.
GRESB is an investor-led and industry-driven organization, that provides a platform for comparing and benchmarking the ESG performance of real estate companies and infrastructure projects. It collects standardized data and information annually and makes it available to the capital market. This data is utilized by various stakeholders, including listed real estate companies, private real estate funds, developers, and investors. For construction companies listed on the stock market, GRESB holds particular significance as it enables investors to evaluate and compare their sustainability performance against industry peers. By participating in GRESB assessments, companies can demonstrate their commitment to sustainability and attract investment from environmentally and socially conscious investors. Overall, GRESB plays a crucial role in promoting sustainable practices in the real estate and infrastructure sectors by encouraging transparency, accountability, and continuous improvement in ESG performance.
GRESB Assessment Focus on seven aspects as below.
Management
Policies
Risk Assessment
Environment
monitoring
Performance Indicators
Green
Certification
Stakeholder
Engagement
GRESB Real Estate Assessment
The GRESB assessment comprises three main components: Management, Performance, and Development. These components encompass the Environmental (E), Social (S), and Governance (G) aspects, providing a comprehensive ESG framework for companies involved in real estate. This framework allows investors to gain a better understanding of the sustainable development performance of participating companies.
Management
管理部分
Leadership
領導
Policies
政策
Reporting
報告
Risk Management
風險管理
Stakeholder
Engagement
利害關係人參與
Performance
Compoment
資產性能部分
Risk Assessment
風險管理
Targets
目標
Tenants &
Community
租戶和社區
Energy
能源
Greenhouse
Gas Emissions
溫室氣體排放
Water
水資源
Waste
廢棄物
Data Monitoring
& Review
數據監視與審查
Building
Cerifications
綠建築認證
Development
Component
開發項目部分
ESG
Requirements
ESG 要求
Materials
綠建材
Building
Cerifications
綠建築認證
Energy
能源
Water
水資源
Waste
廢棄物
Stakeholder
Engagement
利害關係人參與
Participating in the sustainable development strategies formulated by GRESB offers several advantages for real estate companies:
Alignment with international standards: By engaging with GRESB's assessment framework, companies can align their strategies with international environmental requirements and gain insights from leading global sustainable development initiatives. This helps companies stay updated with industry best practices and enhance their credibility in terms of sustainability.
Industry collaboration and benchmarking: GRESB boasts participation from over a thousand companies worldwide, including real estate firms, developers, and funds. Additionally, more than 170 financial institutions utilize GRESB data for monitoring investment performance and decision-making. By participating in GRESB, companies can collaborate with industry peers, share knowledge, and benchmark their sustainability performance against others. This allows for a better understanding of key trends in ESG within the real estate industry and helps companies prepare for future challenges in sustainable development.
Portfolio analysis and performance monitoring: GRESB provides an online system for companies to analyze the strengths and weaknesses of their real estate investment portfolios in terms of ESG factors. This allows for ongoing monitoring of their performance and development trends over the years. By assessing their portfolios through GRESB, companies can identify areas for improvement, set sustainability targets, and track their progress toward achieving them.
In 2022, SSDC joined GRESB as a member, leveraging its expertise in guiding the planning and execution of nearly a thousand green building projects. With consultant resources involved in setting international standards, as well as its own professional experience in advising on green building projects, SSDC aims to create stronger “green competitiveness” for more stakeholders in the real estate industry in Taiwan. By staying informed and gaining firsthand information through its GRESB membership, SSDC aims to assist businesses in formulating sustainable and low-carbon building strategies.
SSDC assists the clients in establishing a GRESB taskforce to facilitate the implementation of GRESB programs. This includes providing education and training to explain the meaning and requirements of each scoring indicator. Through regular meetings, we will gain a deeper understanding of the client’s current situation and collect the necessary documents. Subsequently, data review and necessary improvements, including technical recommendations, will be conducted. Once the clients confirm the implementable measures and ensure the accuracy of supporting documents, SSDC will commence the preparation of GRESB submission documents. Within the specified timeline, we will upload the submission materials and act as a communication bridge between the clients and the GRESB organization during the review period. SSDC will assist in clarifying any issues and ensuring the quality of the submission materials to help clients achieve desirable rankings in the global GRESB assessment.
Kindom Construction Corp.
