Posts

Goodbye GRESB (until September)!

So that’s GRESB done.  This year we supported many of our clients to complete their GRESB submission on a pan-European basis. It may be an onerous and tough task to complete but I personally applaud the GRESB approach. The industry pays increasing attention to the survey results (released on 2nd September) and I believe, over time, that it will help drive real change as participants strive to achieve Green Star ratings (whilst those already there, work to maintain their status).  The questions are broad ranging, covering everything from environmental policy to management of bribery & corruption.  This should not be surprising as GRESB is designed to be a broad sustainability benchmark.

We also felt that the prior experience of both the participants and GRESB helped in the completion of this year’s survey.  Pre-population of last year’s answers speeds up the process and the online survey is, for the most part, intuitive and easy to navigate around.  We also participated in the GRESB training earlier in the year, and this along with improved guidance, also helped.

However, there were still challenges.  The unique way in which GRESB requires performance data to be entered is understandable (to enable performance analysis), but always creates challenges.  Electricity consumption for directly managed assets can, for example, be entered under a variety of categories, i.e. whole building, shared services, landlord procured tenant consumption and tenant procured tenant consumption.

Consumption must also be reported for 2 years to benefit from like-for-like comparison.  This must then be repeated for different fuel types across all asset classes separately and aligned to floor areas reported earlier in the survey.  Participants then move on to water and waste.  Our experience is that many clients do not hold their data in this way and so, a lot of work to ensure accurate reporting is required.

Thankfully, this year, we had SIERA, a sustainability management software system designed specifically for the investor real estate market, which contains a GRESB reporting module.  The practical and intuitive nature of the system enables designation of data to meet GRESB classification requirements.  A GRESB export function then automatically produces the data at asset level which directly interfaces into the GRESB portal. This has been a fantastic resource for us and has helped save time and ensure accuracy.

More on SIERA

So, we await the results, with interest.

For those who have now shifted their focus to CRC, SIERA also supports and significantly simplifies the CRC annual reporting requirements – deadline 31 July!

Paul Sutcliffe

Operations Director

About EVORA

EVORA is a niche, independent sustainability consultancy specialising in commercial real estate.

For further information on GRESB or any other sustainability issue please contact Chris Bennett at cbennett@evoraglobal.com; 020 3326 7333.

About GRESB

GRESB (the Global Real Estate Sustainability Benchmark) uses a consistent methodology across different regions, investment vehicles and property types, to evaluate the sustainability performance of both private and listed real estate portfolios. Over the past five years, participation in GRESB has continued to increase and GRESB is fast becoming the sustainability survey of choice for the real estate sector to benchmark portfolio performance. In 2014, a total of 637 property companies and funds participated in the GRESB survey, equating to approximately 56,000 assets, with an aggregate value of USD 2.1 trillion.


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.

GRESB Deadline Approaching!

With just over a month left before the submission deadline, there is still time to sign up for GRESB (Global Real Estate Sustainability Benchmark) and complete the sustainability survey that is fast becoming the benchmark for portfolio performance in the real estate sector.

EVORA has helped a wide range of institutional investors to complete the survey. Our experience and relationship with the GRESB team has enabled us to provide comprehensive client support. Our services extend beyond basic GRESB support. In many cases, we have worked with clients to improve sustainability practice and performance. This has been demonstrated by significant year on year improved GRESB results.

We can provide support to complete the submissions 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.

Our sustainability management software, SIERA, enables full GRESB Performance Indicator reporting. With SIERA, you have the confidence of a robust database to hold and model your data, combined with the familiarity and flexibility of Excel for all your reports.

Contact EVORA today to discover how we can help with GRESB and other sustainability benchmarks.

info@evoraglobal.com


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.

SIERA: Your Perfect Software for GRESB

Transform your GRESB data capture and reporting with SIERA, a powerful sustainability and asset management software tool designed for the real estate industry.

SIERA manages environmental data for billions of pounds worth of real estate and is being rapidly adopted by organisations across the globe.

“We chose SIERA because it has been specifically designed for the commercial real estate investment market. It is practical and intuitive to use and helps simplify the many complexities of sustainability analysis and reporting, especially GRESB.”

Charlie Jacques, Head of Sustainability

Schroder Real Estate

Learn more

SIERA is a practical, innovative and simple environmental management software system, designed to deal with today’s stringent reporting requirements.

SIERA holds all your environmental data in one secure database with powerful validation tools to ensure the accuracy and completeness of your data. Intelligent modelling capability achieves a range of reporting requirements, which are otherwise complex and resource-intensive to produce such as GRESB and CRC.

And while you can be confident you have a unique and robust database to hold and model your data, all reports are fully formatted into Excel, giving you familiarity and ease of use.

Find out how SIERA can transform your environmental data capture and reporting.

Contact Chris Bennett, Founder & Managing Director

cbennett@evoraglobal.com

+44 (0)7810 631 599

+44(0)20 3326 733

Follow our SIERA Showcase Page on LinkedIn: