Congratulations to the GRESB community on a job well done! The GRESB Real Estate Assessment topped its participation numbers yet again in 2017 – reaching over 850 reporting entities, representing 77,000 properties and $3.7 trillion in assets under management. These numbers note eight years of steady growth for GRESB, whose mantra of continuous improvement has driven the incorporation of Environmental, Social, and Governance (ESG) factors in real estate investment across the globe.
JDM is especially pleased to see how GRESB Real Estate Assessment participants are changing market dynamics and leading the way for energy reduction efforts – a passion of ours and the focus of much of our work. Specific actions common to GRESB leaders include increasing energy data coverage and management, setting quantifiable energy reduction targets, incorporating sustainability clauses in lease contracts, and engaging stakeholders in energy efficiency efforts. JDM is excited to see the financial benefits of energy efficiency emerge as a standard practice in the real estate investment community, thanks in large part to GRESB.
We are also very pleased that JDM clients again received outstanding GRESB results in 2017. JDM assisted numerous fund managers representing nearly a dozen funds with advice and support on their GRESB Real Estate Assessments this year. All funds improved their GRESB scores as compared to 2016, demonstrating sustained industry leadership – even funds battling stiff competition in diverse peer groups posted impressive results. 2017 client highlights include:
How do we help our clients continue to improve their GRESB results year after year? We leverage our intimate knowledge of the GRESB reporting process – and our extensive experience in sustainability and energy management – and help curate winning assessment narratives that engage stakeholders and “tell the story.” We analyze our clients’ portfolio objectives, corporate strengths, and use GRESB scores to benchmark areas of opportunity, and develop action-oriented recommendations that create value (and help improve GRESB results).
While many folks are mulling over GRESB results, we find that now is the time to identify opportunities, set priorities, and build out ESG strategies and budgets – setting the stage for continued performance improvements. From energy efficiency to stakeholder engagement, from resilience and governance to greenhouse gases and health and wellness – the JDM team looks forward to supporting the greater GRESB community on your ESG initiatives.
For more of our GRESB insights, visit: Leveraging GRESB – 5 Strategies for Getting the Most out of Your Annual Survey.
To contact JDM Associates about support for your GRESB efforts, click here.