GRESB Launches New Suite of Sustainability Data Solutions for Real Estate Managers and Investors
Real estate and infrastructure-focused ESG data provider GRESB has announced the launch of REAL Solutions, a new planned suite of tools aimed at providing real asset managers and investors with actionable insights into the sustainability, resilience and efficiency of assets.
According to GRESB, the launch of the new product suite follows a shift by investors and managers from a need to understand the sustainability performance of assets to the need to take action to improve it, resulting in a shift in ESG data demands from aggregated entity-level metrics to more granular insights at the entity level.
Roxana Isaiu, Chief Product Officer at GRESB said:
“REAL Solutions marks a significant milestone for GRESB. It was developed in response to the evolving needs of institutional investors and managers seeking deeper insights into the sustainability of individual assets. This represents a decade-long commitment to understanding, measuring and benchmarking the real-world performance of investor-owned assets worldwide.”
The new suite of solutions is powered by GRESB’s annual real estate assessment, which measures factors including entities’ management, including strategy, leadership, policies and processes, risk management, performance at the asset and portfolio level, and development factors, including its efforts to address ESG issues during a building’s design, construction, and renovation phases.
The first solution in the new suite, to be released in April, is REAL Benchmarks, an interactive dashboard for real estate fund managers to analyze the contribution of individual assets to their portfolio performance, including insights into energy and greenhouse performance of the assets. The solution will enable users to compare asset performance against asset-specific GRESB benchmarks and against industry pathways, and to identify portfolio laggards. Additional functionality includes the ability to visualize energy and GHG performance and to filter portfolios by location, property type, and year.
GRESB said that it will also launch REAL Statistics as part of the new toolset, a global dataset covering energy and GHG intensity values and trends, for financial institutions. When launched, REAL Statistics will provide aggregated asset-level ESG data points that are organized into 11,000 unique combinations of property type, electricity grid, location and climate zones. Subscribers will be able to select from a range of performance indicators, including average, median and key thresholds, such as the top 15% of assets.
Sebastien Roussotte, Chief Executive Officer at GRESB said:
“REAL Benchmarks represents a leap forward for fund managers seeking comprehensive insights into their real estate portfolios. Recognizing the need for accurate asset-level data and tailored benchmarks to inform meaningful decisions within the portfolio, REAL Benchmarks empowers decision-makers to understand and optimize the performance of individual assets, ultimately driving positive environmental and financial outcomes.”