Updates to GRESB Real Estate Assessment 2020

GRESB’s 2020 Real Estate Assessment Pre-Release is now available! This guide will review GRESB’s pre-release of the survey, including the GRESB 2020 Reporting Timeline, High-Level (structural) changes of the assessment, Component-Level changes, and Indicator-Level changes.

**Note that these updates are subject to change. Expect updates to this article in the future, and be sure to use the finalized 2020 survey and asset-level export once released in April by GRESB.

GRESB 2020 Reporting Timeline

  • March 2020: Release of Real Estate and Infrastructure, Reference Guide and Resilience Module
  • April 1, 2020: GRESB Real Estate assessment opens in GRESB portal
  • July 1, 2020: Survey submission deadline
  • September 1, 2020: Review Period will start and Launch of Preliminary Benchmark Reports
  • October 1, 2020: Final results will be released to participants and investors

You may access the full GRESB Real Estate Assessment 2020 Timeline here. We’ll release the survey in Measurabl shortly after GRESB opens the assessment portal (after April 1st).

Here's our interpretation of the 2020 pre-release!  We recommend that individuals reporting should still review these changes themselves prior to reporting. The full list of changes can be found here. Feel free to reach out or comment below if you have any questions regarding the changes to the GRESB 2020 Real Estate Assessment.

High-Level Changes

The survey development process for this year’s Real Estate Assessment resulted in many structural changes in the survey. GRESB’s rationale for these changes can be found in the full Pre-Release. GRESB 2020 will be comprised of Management, Performance, and Development components, so the order of indicators will shift around but the majority of the survey will not have material content changes. We will summarize these changes below.

This year, GRESB has also implemented a review period which will begin on September 2 when all preliminary individual GRESB results will be available to participants. During this period, participants will be able to submit a review request to GRESB using a dedicated form. The final results will be released after the review period, on October 1.

The following performance indicators are mandatory for data collection at the asset-level in 2020: Energy, Water, GHG Emissions, and Waste. Also, Efficiency Measures (Projects), Technical Assessments (Audits), Ratings, and Certifications will be reportable on the asset-level via the asset-level spreadsheet. 

Measurabl has not received confirmation from GRESB if they will be mandatory on the asset-level yet. 

Remember, if you’re using Measurabl your projects, audits, certifications, and ratings are already being tracked at the asset-level! The complete list of 2020 Asset-Level export changes can be found here, and you may download the pre-release of the spreadsheet on this export

GRESB has eliminated the concept of “Managed” and “Indirectly Managed” assets. The concept has been replaced with “Landlord Controlled” and “Tenant Controlled” areas. This method is applied at the Space-level rather than the asset-level. Therefore, an asset can include both Landlord and Tenant Controlled areas.

Component-Level Changes

The 2020 Assessment introduces 3 main components: Management, Performance, and Development.

Management Component

The management component is comprised of 30 indicators structured in 5 aspects: 

  • Leadership (LE)
  • Policies (PO)
  • Reporting (RP)
  • Risk Management (RM)
  • Stakeholder Engagement (SE; the portion of 2019 stakeholder engagement now under Management). 

Performance Component

The performance component is comprised of 10 aspects:

R: Reporting Characteristics

  • Risk Assessment (RA)
  • Energy (E) - Asset-level
  • GHG Emissions (G) -  Asset-level
  • Water (WT) - Asset level
  • Waste WS) - Asset level
  • Data Monitoring and Review (DMR)
  • Targets (T)
  • Building Certifications (Asset-level)
  • Efficiency Measures (Asset-level)
  • Tenants and Community (TC)

The Performance component measures the entity’s asset portfolio performance, consisting of information collected at the asset and the portfolio level. It is suitable for any company or fund with operational assets.

Development Component

The old ‘New Construction Major Renovation (NC)’ section is now Development!

The development component is comprised of 7 aspects:

  • Reporting Characteristics (DR)
  • ESG Requirements (DRE)
  • Materials and Certifications (DMA)
  • Building Certifications (DBC)
  • Energy (DEN)
  • Water Conservation (DWT)
  • Waste Management (DWS)
  • Stakeholder Engagement (DSE) 

The Development component measures the entity’s efforts to address ESG-issues during the design, construction, and renovation of the buildings. This component is suitable for entities involved: in new construction and/or major renovation projects, or with on-going or completed projects during the reporting period.

Indicator-Level Changes

The indicator-level changes and comments for the GRESB 2020 Real Estate Assessment can be found by downloading the document below.

Feel free to review all of the supporting materials linked in this guide to prepare you for GRESB! Reach out to our Support Team if you have any general inquiries about GRESB Reporting 2020. 

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