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7.3billion
USD73 trillion
9.8GtC/year
+0.810C above 20th century average
Worldwide
GDP
CO2
Population
ACTIAM Aegon NV Alberta Investment Management Corporation (AIMCo) Amundi AMP Capital AP1 First Swedish National Pension FundAP2 Second Swedish National Pension Fund AP3 Third Swedish National Pension Fund AP4 Fourth Swedish National Pension Fund AP7 Seventh Swedish National Pension Fund Archbishops' Council Armstrong Asset Management ATP Australian Ethical Investment AustralianSuper Aviva Investors AXA AXA IM Baldwin Brothers Inc. Bank J. Safra Sarasin Bayerische Versorgungskammer Bedfordshire Pension Fund BMO Global Asset Management BNP Paribas Investment Partners Brawn Capital Brown University Sustainable Investment Fund BT Pension Scheme California Public Employees' Retirement SystemCalifornia State Teachers' Retirement SystemCathay Financial Holding Co., Ltd.
Catholic Super CBRE Global Investors Cbus Super CCLA Central Finance Board of the Methodist Church Christian Brothers Investment Services Christian Super Christopher Reynolds Foundation Church Commissioners for England Church of England Pensions Board Church of Sweden Connecticut Retirement Plans and Trust Funds Dana Investment Advisors Danske Bank Asset Management Danske Civil- og Akademiingeniørers Pensionskasse Deutsche Asset Management Dragon Capital EdenTree Investment Management Ltd. Encourage Capital Environment Agency Pension Fund Epworth Investment Management Ltd ERAFP ESSSuper ETF Partners Eureka Funds Management First Affirmative Financial Network Friends Fiduciary Corporation Friends Provident Charitable Foundation FRR - Fonds de Réserve pour les Retraites Greater Manchester Pension Fund Henderson Global Investors Hermes Investment Management
HESTA HSBC Global Asset Management IFM Investors Impax Asset Management Inflection Point Capital Management Insight Investment Jesuits in Britain Juristernes og Økonomernes Pensionskasse Kempen Capital Management L&G Investment Management Local Government Super London Pensions Fund Authority Mercer Merseyside Pension Fund Miller/Howard Investments, Inc. Mirova MN Nanuk Asset Management Pty Ltd Natixis Asset Management NEI Investments New York City Comptroller New York State Common Retirement Fund New Zealand Superannuation Fund NextEnergy Capital Nordea Wealth Management North East Scotland Pension Fund OFI Ohman Old Mutual Global Investors OPTrust Oregon State Treasurer OTTP Pax World Management LLC PensionDanmark PGGM PKA
Plater Trust Railpen Investments Rathbone Greenbank Investments Representative Body of the Church of Ireland Reynders, McVeigh Capital Management Robeco Russell Investments Sisters of St. Dominic of Caldwell, New Jersey Sonen Capital South Yorkshire Pensions Authority Stafford Sustainable Capital Statewide Super Tellus Mater Foundation Temporis Capital LLP The Barrow Cadbury Trust The Joseph Rowntree Charitable Trust The Pensions Trust The Sustainability Group at Loring, Wolcott and Coolidge The United Reformed Church Trillium Asset Management Trustees of Amherst College Unipension FAIF A/S Unitarian Universalist Association USS Veris Wealth Partners VicSuper Vision Super Pty Ltd Walden Asset Management Wespath Benefits and Investments West Midlands Pension Fund West Yorkshire Pension Fund WHEB
130 investors
INTRODUCING THE 11THGICS® SECTOR: REAL ESTATE
Buildings are (a big part of) the problem…
99TWh 27.9Mt 0.47km3 15.5Mt
Innovation in renewable energy
…but also part of the solution
Innovation in waste management
…but also the solution
Market Transformation
Sustainability Performance
Building Stock
Leading
BREEAM OutstandingLEED PlatinumGreen Star Six StarEtc.
Regulation
Market transformationTop down, bottom up
CapitalMarket
Company
Portfolio
Building
Investment CommunityCAPITAL Investment
Manager
Portfolio Manager/Asset Manager
Property Manager/Facility Manager
COMM
ITMENT
TRANSPARENCY
RISKOPPORTUNITY
3.9xThe difference in overall GRESB score between
the Top 10% and Bottom 10% entities in 2016
73,988Homes
EnergyLFL consumption (between 2014-2015)
90,197passenge
r cars
CarbonLFL consumption (between 2014-2015)
1,200Olympic
pools
WaterLFL consumption (between 2014-2015)
14,963truck loads
WasteLFL consumption (between 2014-2015)
The Assessment
REAL ESTATE PORTFOLIOS
PROPERTYCOMPANIES
CAPITALMARKET
BENCHMARKSCOREASSESS
COMMUNICATE
DATA QUALITY
DATA PARTNERS (API)
GRESB ASSET DATA
FREE GRESB ASSET SPREADSHEETS
GRESB SCORE
Management
Policy & Disclosure
Risks & Opportunities
Monitoring & EMS
Building Certification
Stakeholder Engagement
Performance Indicators
8.8%
9.5%
12.4% 25.
2%
24.5%
10.9%
8.8%
GRESB Coverage
63 Countries 759 Entities 66,000 Assets
Response Rate DevelopmentGlobal
Response Rate DevelopmentEurope
Competitive Differentiation & Advantage
Risk & Uncertainty USD 2.8 trillionGRESB Coverage
GRESB Performance
GRESB ModelGlobal ESG performance
GRESB ModelRegional ESG performance
GRESB ModelNordics versus Europe
GRESB ModelSweden versus Europe
GRESB AspectsEurope
2016 2015
GRESB AspectsNordics versus Europe
Nordics Europe
…and many more indicatorsSuch as Health & Well-being
ESG Performance DynamicsGlobal trends over time
Sector leadersEurope
Listed PrivateDiversified Credit Suisse Real Estate Fund
LivingPlus Linked Life Fund
Retail Altarea Cogedim Steen & Strom AS 🌐
Office Cegereal Central Saint Giles Limited Partnership 🌐
Industrial Prologis European Properties Fund II
Residential UBS (CH) Property Fund - Direct Residential
CSA Real Estate Switzerland Residential 🌐
Other Leisure Fund Property Partnership - Legal and General Property 🌐
Healthcare Achmea Dutch Health Care Property Fund - Syntrus Achmea Real Estate & Finance 🌐
Diversified - Retail/Office British Land Company Plc Managed Fund - Legal and General
PropertyDiversified - Industrial/Office Castellum AB 🌐
Diversified - Residential/Office
Credit Suisse Real Estate Fund SIAT
What drives performance?
PLAN
DO
CHECK
ACT
INDICATOR
Carbon ManagementGlobal
1. ESG policy includes carbon emissions2. Carbon emissions target in place3. Due diligence process includes carbon
emissions4. Risk assessments include carbon
emissions
5. Data management system in place6. Reporting carbon emissions data7. Offsetting carbon emissions8. Reporting carbon intensity data9. External review of carbon emissions
data
1.2.3.4.5.6.7.8.9.
Intensities – carbon emissionsInput versus output
Road Ahead
Sustainability Performance
Building Stock
Leading
BREEAM OutstandingLEED PlatinumGreen Star Six StarEtc.
Regulation
Regulation drives radical innovation…in products and services
Sustainability Performance
Companies
So, what is your GRESB Rating?
“U.S. REITs with higher GRESB ratings deliver higher returns
per unit of risk”
“2.75% return spread between the Top 10%
and Bottom 10% European non-listed
GRESB entities”
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