Industry anticipates GRESB results

Industry anticipates GRESB resultsGRESB has become the industry benchmark for investors looking to evaluate the sustainability performance of property portfolios, says JLL’s Chris Nunn in the lead-up to the global release of 2015 results.The Australian and New Zealand release of the 2015 Global Real Estate Sustainability Benchmark results will be held on 2 September in Sydney, in partnership with JLL.In 2014, GRESB assessed 637 funds representing $2.1 trillion in property value. Australia and New Zealand was named the leading region, with 44 Australian participants accounting for gross asset value of $131 billion. “GRESB has quickly become the industry benchmark for investors wanting to evaluate the sustainability performance of property portfolios,” says Nunn, JLL’s sustainability director.”We have seen many portfolio owners focusing effort on improving their GRESB results. In particular, GRESB has been a strong driver underpinning the uptake of Green Star -Performance portfolio ratings,” Nunn adds.GRESB collects information on performance indicators, such as energy, greenhouse gas emissions, water and waste. The survey also covers broader sustainability issues, such as sustainability risk assessments, performance improvement programs and engagement with employees, tenants, suppliers and the community. The GRESB survey is aligned with international reporting frameworks such as the Global Reporting Initiative and the Dow Jones Sustainability Index.The GRESB event will include a presentation by Ruben Langbroek, GRESB’s head of Asia and Pacific on key trends and takeaways from the annual assessment, followed by a drinks reception and networking. Register for the event.