2017 gresb real estate results - milan
TRANSCRIPT
2017
GRESB
RESULTS
E U R O P E
2017
GRESB
RESULTS
E U R O P E
Driving Real Estate Investment with
Sustainability: Introduction to GRESB
2 0 1 7 G R E S B R E S U LT S M I L A N
GRESB ApplicationsPortfolio risks and opportunities | engagement tool
Institutional
Investors
• Positive screening for capital
allocation and manager
selection
• ESG portfolio monitoring and
continuing due diligence
• Comparative market analysis
• Carbon footprinting
Private Equity &
REIT Participants
• Competitive market and business
intelligence
• Policy and practical gap analysis
• Engagement tools for internal and
external stakeholders
• Management improvement
pathways
Enhance and protect shareholder
value by assessing and empowering
sustainability practices in the real
asset sector
2009
Assesses the ESG
performance of
property companies,
fund managers and
developers
2015
Assesses ESG
performance of real
estate lenders
2016
Assesses the ESG
performance of
infrastructure assets
and portfolios
GRESB Reporting FrameworkAnnual ESG disclosure for real asset portfolios
Institutional Investor MembersIntegrate ESG data | utilize GRESB analytic tools
TRANSPARENCY RISKOPPORTUNITY
Efficient
Capital
Markets
198
850
Do you collect energy data?
2010 2012
Precise energy data coverage
24%
2017
60%
Sustainability clauses in
lease contracts?
2012
23%
2017
Sustainability clauses in
lease contracts?
80%
GRESB Score
GRESB
participants
(density)
2012n=445
0 20 40 60 80 100
2017n=823
2013
2011
2012 2014
2015
20162017
North America
Asia
Australia/NZ
Europe
2017
ESG LEADERS ADOPT HEALTH & WELL-BEING
North
America
Europe AsiaAus/NZ
Other
2016 174
2017 252
30% 70100
63All GRESB
Stakeholder
Engagement
Management
Policy &
Disclosure
Risks &
Opportunities
Monitoring &
EMS
Performance
Indicators
Building
Certifications
57%
Precise energy data coverage
EUROPE
INDUSTRIAL RETAIL RESIDENTIAL HOTEL OFFICE
80 162 120 216 166
Intensities/Property type
Europe
North
America
Australia/NZ
OFFICE
Average L-F-L energy
consumption change
2016:
-1.1%
GRESB average annualized
intensity & l-f-l targets
204
$2,324.5bn
11
$2.3bn
3
$11.6bn
433
$803.7bn
124
$346.9bnGlobally
diversified9
$26.7bn
66
$146.3bn
204
$2,324.5bn
11
$2.3bn
3
$11.6bn
433
$803.7bn
124
$346.9bnGlobally
diversified9
$26.7bn
66
$146.3bn
NORTH AMERICA EUROPE ASIA-PACIFIC
54% 70% 50%
GRESB listed market coverage (% of market cap)
100%
GRESB Public Disclosure
GRESB Public Disclosure
ABCDE0
50
100
150
200
Transparency is key
Non-GRESB participants
Transparency is key
0
100
80
60
40
20
2010 2017201620152014201320122011
52100
First-year
8-year
75100
Investors
94%
35%
100%
Use GRESB data in their
investment process
Set specific targets in terms of
GRESB performance
Consider their managers to be
moderately to fully prepared to
meet ESG requirements
2012
2017
Investors have driven ESG-related disclosures in the real estate
sector, with the aim to protect and enhance shareholder value
We can more precisely measure and evaluate ESG performance due
to increased coverage, better metrics, and higher quality data
The sector’s increased transparency and improved performance
supports our mission to evaluate and empower sustainability practices
2022
?
Sustainable Real Assets
2017
GRESB
RESULTS
E U R O P E
PERFORMANCE THROUGH DATA
GRESB MILAN 2017
18 October 2017 47
The Importance of Data
GRESB Weighting
Implementation & Measurement 72%
Management & Policy 28%
Performance Indicators 25% of total score
18 October 2017 48
GRESB – 2018/19?Portfolio Performance from Asset Data
Asset level data
Quality assured
Year on year performance
Performance
Quality
Transparency
18 October 2017 49
Delivering Performance Through Data
Energy efficiency (like for like) 8%
Annual savings €1.45m
Sustainability Data Management Software
DATA CAPTURE FROM MULTIPLE SOURCES
INTELLIGENT DATA MODELLING
POWERFUL REPORTING CAPABILITY
SOPHISTICATED VALIDATION TOOLS
SIERA Environmental Impact Reporting
18 October 2017 51
18 October 2017 52
Energy Efficiency Case Study
Property:
6,100 m2
Office
Opportunity:
To improve
operational
energy
performance
To enhance
thermal
comfort
Approach
Evaluation of occupier requirements
BMS & energy profile review
Energy monitoring and targeting
Outcomes
Annual cost saving of €29,500
Fewer tenant complaints re temperature
Get in Touch
HEAD OFFICE
EVORA
The Hop Exchange
Suite 73-74
24 Southwark Street
London
SE1 1TY
18 October 2017 53
MANCHESTER OFFICE
EVORA
Suite 12
42-44 Chorley New Road
Bolton
BL1 4AP
Telephone +44 (0)20 3326 7333
Email [email protected]
Socialise
@evoraglobal
linkedin.com/company/evora-global
@evoraglobal
2017
GRESB
RESULTS
E U R O P E
Habitech - Distretto Tecnologico Trentino S.c. a r.l.
Sede legale e uffici: Piazza Manifattura, 1 38068 Rovereto (TN) Italy - +39 0464 443450 - [email protected]
P. IVA e n° iscrizione Registro Imprese Trento: 01990440222 - Capitale Sociale 232.000 Euro i.v.
H A B I T E C HI N N O V A T I V E T O O L S I N T H E R I G H T
H A N D S
Habitech - Distretto Tecnologico Trentino S.c. a r.l.
Sede legale e uffici: Piazza Manifattura, 1 38068 Rovereto (TN) Italy - +39 0464 443450 - [email protected]
P. IVA e n° iscrizione Registro Imprese Trento: 01990440222 - Capitale Sociale 232.000 Euro i.v.
H A B I T E C HI N N O V A T I V E T O O L S I N T H E R I G H T
H A N D S
2017
GRESB
RESULTS
P a n e l
Francesco SoldiHead of Marketing and Sustainability, IGD
Stefano ViciguerraProperty Director, Pradera
Abigail Dean Head of Sustainability, TH Real Estate
Cristiano RonchiHead of Investment, Italy, Savills Investment Management
2017
GRESB
RESULTS
E U R O P E