2016 GRESB Infrastructure Results Release - Global

7.3billion

73 $ trillion

9.8GtC/year

+0.810C above 20th century average

Worldwide

GDP

CO2

Population

More infrastructure

Less impact

ESG and Infrastructure

Long-term investment in illiquid assets

Importance for society

Regulatory environmentSustainable infrastructure

source of deal flow

Anticipating changing regulations and developments

Opportunities

Investors want to understand the non-financial risks that can severely impact returns and reputation

ENTERPRISE

PORTFOLIO

ASSET

REAL ASSETS

Capitalmarket

DEBTEQUITY$

ESG PERFORMANCE

GRESB Infrastructure

Systematic assessment of infrastructure funds and asset

Objective scoring of environmental, social, and governance performance

Peer benchmarking to differentiate market participants

0 - 100

Sustainability Performance

Leading

?Assets

Sustainability Performance

Assets

GRESB Assessment

Infrastructure Funds/Portfolios

Infrastructure Assets

CAPITALMARKET

BENCHMARKSCOREASSESS

COMMUNICATE

DATA QUALITY

Two Complementary AssessmentsEvaluating both the fund and the asset

• Fund Assessment: 10 indicators• Asset Assessment: 32 indicators across 8 Aspects• Operational assets• Sector coverage:

• Energy• Water Resource Management• Waste• Transportation• Social

AspectsHighest weight for Performance Indicators (e.g. Energy, Carbon, Water, Waste)

Data – Process for Quality ControlThree-layer process for investment-grade data

100%

Validation Plus

Site Visit

All Participant

CheckChecks on all Fund and Asset respondents

23%

5%

Document review of all evidenceReview of all tables and examplesData accuracy

Reporting boundariesData qualityEvidence for answers

GRESB Coverage

53 Countries 51 Funds 134 Assets

2016 GRESB Infrastructure CoverageRegions

2016 GRESB Infrastructure CoverageBusiness activities

29 Renewable energy

15 Conventional energy

17 Social infrastructure

8 Airports

7 Ports

8 Toll roads

GRESB Performance

GRESB ModelFund Scores (Implementation & Measurement/Management & Policy)

GRESB ModelGRESB Scores (Fund Score/Weighted Asset Score)

GRESB ModelGRESB Scores (Asset Scores)

GRESB Infrastructure Assets – Aspect ScoresRoom for growth…

What drives performance?

Fund ScoresESG indicators

Asset ScoresAchievement of environmental indicators

Funds & AssetsESG disclosure practices

Asset ScoresHealth & Safety

Asset ScoresHealth & Safety

Asset ScoresHealth & Safety

Road Ahead

51/134FUNDS/ASSETS

55/28 DiversifiedAUS/NZ

SCORE LEADREPORT

PLAN

DO

CHECK

ACT

INDICATOR

What’s next?

GRESBInsight

s

AssessmentDevelopment Participation GET

INVOLVED!

Fund investmentsAsset investments:• Private• Brownfield and Greenfield• Listed companies• Across infrastructure

business activities

Consultation

Sustainability Performance

Companies

Leaders

Will your company lead? Or follow?

So, what is your GRESB Rating?