Updates to GRESB Real Estate Assessment 2019

Measurabl’s GRESB 2019 assessment was pre-released on February 1, with the full assessment coming on March 1. The GRESB portal will open April 1, and we'll release the GRESB portal in Measurabl on April 2. 

Here's what we know so far about changes to the 2019 assessment. The full list of changes can be found on the 2019 GRESB Assessment Pre-ReleaseFeel free to reach out or comment below if you have any questions about changes to the GRESB 2019 Real Estate Assessment.

High-Level Changes

-The Validation Interview process changes structure and will be mainly based on a desktop review

The Validation Interview report, the call with the participant, and the participant’s ability to change their responses following the call will be removed from the process.

-A selection of Health & Well-being indicators are incorporated into the Real Estate Assessment

Indicator-Level Changes

Indicator(s)

Change

RC5.2

New evidence requirement for reporting boundaries provided in RC5.1

RC-NC1.1

Vacant land is excluded from the reporting scope.

PD2

Two new options are added “Employee Health & Well-being” and “Tenant/customer and community health & well-being”.

The scope of the indicator is expanded to assess the presence of policies to address employee, tenant/customer and community health and well-being. The indicator will still be pre-filled for 2018 participants.

PD4

Non-scored indicator is further developed to introduce a set of quantitative diversity metrics and the ability to report on governance bodies and employees separately.

This indicator was introduced as a non-scored indicator in 2018. GRESB has now developed it into a more analytical indicator on diversity.

PD5.2

Third-party verification and third-party assurance of sustainability disclosure receive equal points.

The scoring is adjusted to recognize external verification in the same way as external assurance. “Other” answers provided to the Scheme name dropdown menu are subject to validation.

RO5/6/7

Indicators are simplified to reflect whether such measures exist across the portfolio. The column for individual measure descriptions is replaced by an open textbox below the table.

Participants no longer need to report on the measures that were implemented over four years ago.

ME2

Evidence removed.

 

Asset level data

Enable the download of asset-level data

This can be done once outliers are solved and missing data is completed, enabling the participant to use a curated dataset online (through the portal) and offline.

PI1.2/ PI2.2/ PI3.2

Open text box for description of intensity calculation methodology is removed, and the scoring of these three indicators is updated.

Scoring for these indicators remains the same, but the points previously assigned to the open text boxes are re-distributed to the intensity data tables and selection of normalization factors.

PI2.1

Table is extended to capture emissions from outdoor / exterior spaces

No impact on scoring.

PI1.4/ PI2.3/ PI3.4/ PI4.2

Third-party verification and third-party assurance of sustainability disclosure receive equal points.

The scoring is adjusted to recognize external verification in the same way as external assurance. “Other” answers provided to the Scheme name dropdown menu are subject to validation.

SE3.1

Indicator is incorporated into SE12.1, consolidating health & well-being indicators into an individual section

SE8.1

Evidence removed.

SE12.1/ SE12.2/ SE13.1/ SE13.2

New indicators on employees and tenants health and well-being.

The weight of the Stakeholder Engagement aspect increases as a result of:

  • SE12.1: 2p, S, IM

  • SE12.2: 0p, S, IM

  • SE13.1: 1.5p, S, IM

  • SE13.2: 0p, S, IM

NC7.2

The open textboxes for describing the entity’s definition of “net-zero energy” and referenced code/standards are replaced by checkboxes.

 

 

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