WASHINGTON, D.C. – August 20, 2015 – (RealEstateRama) — Ever since GRESB was started, performance indicator data from real estate portfolios has been part of its assessment. Due to the importance of this Aspect in the GRESB Survey and the impact it has on participants’ organizations in how they structure their data collection processes in order to be able to report the requested data, it’s a frequently discussed topic amongst GRESB participants, their consultants, property managers, data providers, as well as their investors.
Globally, there are many differences in definitions, legislation, and reporting tools specifically focusing on performance indicators. In addition, there is a wide variety in the way organizations and portfolios are structured within the real estate market. Altogether, this results in a challenging starting point for sustainability reporting standards and assessments within the global real estate industry.
So, why does the GRESB benchmark include Performance Indicators Aspect and why does it collect this data at all and in the current format? Why and how is it different from other ESG reporting guidelines and tools? How does the performance indicators format work and what is the rationale for its approach? How is this complicated in certain situations and could this be improved? What insights does GRESB provide to its Investor Members and participants? And, what could be done to further improve this? Continue reading on GRESB Insights.