What have we learnt? GRESB 2017 Analysis. Part 1 of 2

The GRESB 2017 results show that comprehensive support from EVORA significantly improves performance, helping you maximise and showcase your environmental credentials and add value to your portfolio.

Visit our GRESB support service page.


The GRESB 2017 cycle is officially over. The points have been tallied, the reports released, and the winners named. But there’s no resting up here at EVORA; we are already hard at work helping our clients prepare to do even better in GRESB 2018. This blog will show you how the support of our team of experts has boosted GRESB 2017 performance for our clients, and share some tips and tricks we have devised ahead of 2018.

GRESB Analysis

Figure 1: Overall GRESB score in 2017

In the 2017 cycle, EVORA provided a comprehensive ESG development and GRESB support programme for 26 real estate funds, and the results speak for themselves. Whilst the average score in GRESB 2017 was 63, clients that received comprehensive support from EVORA averaged 67.

GRESB Analysis 2

Figure 2: Comparing the change in GRESB score for funds that took part in both 2016 to 2017

Furthermore, whilst GRESB participation is driving increases in sustainable performance across the board, reflected in the year-on-year GRESB average score increase of 3 points, EVORA is pushing its clients to another level, averaging an increase of 8 points amongst those who took part in GRESB 2016 (Figure 2). One fund we worked with also came first in its peer group, showing that EVORA can help even the most ambitious clients realise their goals.

GRESB Analysis 3

Figure 3: Comparing the average GRESB Aspect scores to that of our clients

Not convinced? Let’s break this down a little further. The GRESB survey is divided into seven key aspects, which are then combined to give the overall GRESB score. Using these categories as indicators, Figure 3 shows how our clients managed to improve considerably more than other GRESB participants. The strong results were driven in particular by high scores on the Monitoring & EMS and the Certification & Energy Rating aspects; key areas of expertise in our consultancy team here at EVORA. Furthermore, our vast experience producing GRESB submissions means we can help you collate all the relevant evidence and script your text box answers to ensure you get every point you deserve, the benefit of which can be seen in the strong Management and Policy & Disclosure aspect results.

[clickToTweet tweet=”Our experience producing GRESB submissions means we can help collate evidence and script text answers” quote=”Our vast experience producing GRESB submissions means we can help you collate all the relevant evidence and script your text box answers”]

Still not convinced? Not sure GRESB is worth the investment? Well, not only does sustainability and resource efficiency reduce operational costs in assets, now environmental and social responsibility are increasingly common demands from investors. GRESB is the world’s leading benchmark for these issues, and a good score will go a long way to proving your commitment to tackling ESG challenges to both investors and the wider public, helping to protect and enhance the value of your portfolio.

Contact us for more information about how we can help with GRESB 2018

Look out for part 2, coming soon!

 


GRESB Premier PartnerAs a GRESB Real Estate Premier Partner, we are perfectly positioned to provide GRESB support. View our official Premier Partner profile.

We can work with you to complete the submission and understand your scoring, as well as develop a sustainability plan that will improve your future GRESB performance and align with your organisation’s key environmental objectives.

Introducing Our New Website and Our Vision, Mission, and Values

Welcome to our new website! Let’s explore what’s changed…


1. Simplification and ease of navigation

We’ve said a not-particularly-fond farewell to our drop-down menu of over 30 individual services! Instead, we now have three core landing pages:

On each of those pages, you can find an A-Z service directory on the main content tab, under the main ‘Why Us?’ sections.

Other content and pages that have been significantly improved include:

2. A neater, cleaner design

As you will see when you browse the site, we have made much better use of negative space (that’s right, negative space, not white space!). Negative space is the space between page elements. Creating more of it has the following benefits:

  • Easier on the eye – this helps with content legibility, helping you to more easily understand and digest what you’re reading.
  • Better interaction – you’re often in a hurry, we know that! Good use of negative space allows you to interact with the site more quickly and easily, with fewer distractions to slow you down. Using negative space allows us to draw attention to specific areas on the page. For example, have a look at how we’ve done this on the About Us page.
  • A more balanced feel – use of negative space helps to balance the design of the site, separating content elements for better accessibility and ease of use.
  • First impressions – as we know, these are everything! While functionality and user experience were the core purposes in the creation of our new site, it was also important to create a bit of wow-factor. Use of full-screen header images on pages like the Home, About Us, Contact Us, and Insights pages helps to create this, with powerful imagery and minimal text to draw the visitor in.

3. New content

In addition to improving the layout of our existing content, we have also created some brand-new pages, including:


Introducing Our Vision, Mission, and Values

We unveiled our new company Vision, Mission, and Values to the wider team back in July at the start of our summer party. We’ve been so busy since then, however, that we forgot to announce them to the wider world!

We have given our Vision, Mission, and Values pride of place here on our new About Us page, to show how important they are to us and the work that we deliver for our clients.

Our Vision is our ‘why’ – it’s our big picture of what we are trying to achieve.

Our Mission is our ‘how’ – by carrying out our Mission, we are supporting the realisation of our Vision.

Our Values represent not only what it means to work at EVORA and how we treat each other, e.g. with respect and inclusion, but they are also reflective of the approach we take to delivering projects for our clients, e.g. collaboratively, innovatively, and always with excellence.

Explore our Vision, Mission, and Values here, or in the posters below (which we have on the walls of our offices, thanks to Sam!).


EVORA Global Vision

EVORA Global Mission

EVORA Global Values


If you have any questions, please don’t hesitate to contact us today.

CONTACT US

Understanding the GRESB 2018 Fee Structure for Real Estate Assessment

Since its inception in 2009, GRESB has been ‘free’ at the point of use for entities submitted by non-member fund managers or property companies. From 2018, non-members in selected markets[1] will be required to pay a fee of EUR3,500 or USD4,100 per entity (i.e. per submission). Fees for members have also shifted upwards by around 20% depending on the number of entities participating.

[1] The fee will apply globally with the exception of companies and fund managers incorporated or headquartered in Latin America, Africa and parts of Asia where ESG reporting and GRESB coverage are less established

Visit our GRESB support service page.


Why are fees being introduced and upped?

GRESB sets out three main reasons for the introduction of a fee:

  1. Market coverage and recognition: GRESB has clearly captured the ESG benchmarking market for the Corporate Real Estate market and now holds a position that they believe is strong enough to command (higher) fees across all reporting entities. The change will undoubtedly cause some to grumble and as such, investors, now more than ever, need to enforce the expectation / requirement of open disclosure by the vehicles in which they invest.
  2. Member benefits and increased analytics: Following receipt of GRESB results, applying a feedback loop to review performance ratings achieved across the seven GRESB Aspects and two Dimensions is a vital step for planning future sustainability programmes.  Under the new fee system, the Benchmark Report will be provided to all participants (the price of this in 2017 was €2,750, which goes someway towards the overall €3,500 fee for a single entity submission). At EVORA, we develop sustainability roadmaps for all our clients (using Benchmark Reports) to help them plan effective programmes that deliver value to their funds and enhance GRESB ratings.
  3. A smooth reporting process to lessen the burden of reporting: This will be welcomed by many I am sure! Our clients already benefit from SIERA’s seamless asset level reporting and we have recently incorporated further features to make year-round reporting, and scoring, even easier and more transparent.

[clickToTweet tweet=”We develop sust. roadmaps for clients to help plan programmes that deliver value to funds and enhance GRESB ratings.” quote=”We develop sustainability roadmaps for all our clients (using Benchmark Reports) to help them plan effective programmes that deliver value to their funds and enhance GRESB ratings.”]


The fees

From 2018, entries for non-members will be EUR 3,500 or USD 4,100 per entity, payable once annually. The participation fee does not apply to Developer Assessment participants or for first-year participants who report under the Grace Period.

The range of members fees are increased from EUR 3,250 – EUR 15,900 up to EUR 4,000 – EUR 20,500 (roughly a 20% increase). Full details are shown in the table below.

[clickToTweet tweet=”It will be cost effective to become a member if you’re a fund manager/property company submitting more than 1 entity” quote=”Put simply, it will be more cost effective to become a member if you are a fund manager or property company submitting more than one entity”]

Put simply, it will be more cost effective to become a member if you are a fund manager or property company submitting more than one entity. There will, however, be instances where the membership fee cannot be split across multiple entities and it may therefore introduce a new cost for certain fund managers.

Additionally, GRESB has also introduced a charge of EUR 100 or USD 115 if you require an invoice for payments not made via a credit card.


What Next?

In truth, not much has changed in regards to the GRESB submission process. The increased cost of completing the survey will, however, raise more questions on the value of GRESB. This is where EVORA helps our clients to establish meaningful, practical and, importantly, value driven programmes that improve funds and asset ESG performance.

Contact us to find out how we are helping clients to meet investor, tenant, and other stakeholders demands for more sustainable, greener and healthier buildings.


GRESB Premier PartnerAs a GRESB Real Estate Premier Partner, we are perfectly positioned to provide GRESB support. View our official Premier Partner profile.

We can work with you to complete the submission and understand your scoring, as well as develop a sustainability plan that will improve your future GRESB performance and align with your organisation’s key environmental objectives.

Using BIM for Net Zero: How to use BIM to Design Net Zero Energy Buildings

This blog is part of our Net Zero series for World Green Building Week 2017 – read more here.


The target for all of us involved within sustainability is ‘net zero’ energy buildings.

Roughly a third of all global green house gas emissions can be attributed to the built environment so it’s hardly surprising that there is a growing interest in net zero buildings; buildings that produce as much clean renewable energy on site as they consume in any given year.

Net Zero is achievable, but only with the collaboration in the planning, designing, constructing and operating stages. There is no ‘one size fits all’ solution for delivering a net zero building. Each project will require its own tailored approach, siting, orientation, climate, occupant profile, control optimisation and then, crucially, ongoing asset management.

[clickToTweet tweet=”Net Zero is achievable but only with the collaboration in the planning, designing, constructing and operating stages” quote=”Net Zero is achievable but only with the collaboration in the planning, designing, constructing and operating stages”]

Building Information Modelling (BIM), an intelligent 3D model-based process that allows scenarios to be modelled in a virtual environment, is the new tool of choice for designers, proving to be a reliable time-saving method of collaboration amongst all stakeholders.

BIM started out as a tool for spatial coordination and project collaboration but has now evolved to empower designers to model energy performance at all stages of project delivery. Thermal and dynamic simulation modelling, through BIM, is leading to better decision making, informing the delivery of net zero buildings.

Increasingly, EVORA has been creating building models that facilitate BIM collaboration as part of our Strategic Asset Management (BIM:SAM) solution. This innovative approach to managing the whole life cycle of a building is our way of ensuring that ‘net zero’ building design is followed through into actual operational performance.


Take a look at our Guildford case study or contact us to learn more about BIM:SAM.