September 19, 2019 Hosted by JLL, in partnership with ANREV, APREA, HKGBC and PRI

2. 2019
GRESB Results
SUSTAINABLE REAL ASSETS

3. 10 YEARS OF IMPACT

4. What a difference 10 years make…
20
10
20
19

5. Total property value (USD bn)
20
10
20
19
>100
>100,000
>4,100
1,005
>22,000
>50
>40
Participants
Properties covered
Investor Members
Institutional capital (USD bn)
Industry Partners
3
~18,000
900
198
300
Partners1
3
What a difference 10 years make…

7. Changing landscape...

8. Changing landscape…
AVERAGE GRESB SCORE
40%
30%
20%
10%

9. 10 years of impact

10. 10 years of industry feedback

11. 2019 GRESB INSIGHTS

12. GLOBAL
65%
Listed market coverage
EUROPE
64%
ASIA PACIFIC
NORTH AMERICA
75%
69%
100%

13. Private market coverage
“75 of IPE Real Assets’ Top 100 Global Real Estate Investment Managers”
“47of PERE 100: Institutional Capital’s Top Manager Picks”

14. Asset-level reporting
38,274
53,015
8,703
1,089
2,107
# assets
AMERICAS
EUROPE
ASIA
OCEANIA
AFRICA
OTHER

15. From quantity to quality
+100,000
+66,000
+25,000
# assets
All assets
Assets
• Reported at the asset-level
Assets
• Reported at the asset-level
• With full data coverage
• Excluding outliers

16. ASIA GLOBAL
Environmental footprint

17. ASIA GLOBAL
Environmental footprint
ENERGY
consumed
-0.53%
WATER
consumed
0.16%
GHG
emitted
-2.41%
WASTE
diverted
43%

18. GRESB Universe
(Like-for-like)
GRESB Universe
(Targets)
SDG
(Target 7.3)
Energy efficiency improvement

19. Carbon Risk Real Estate Monitor
Property Investing in the Age of Climate Risk
CRREM
“CRREM is a framework for science-based
decarbonization pathways and a toolkit to identify
stranded assets, promoting sustainable investments in
the real estate industry.”
CRREM
EU-funded H2020 research project: February 2018 – January 2021

20. UK – decarbonization pathways (1.5°C)

21. ASIA
Building certifications
GLOBAL
2.7%
8.8%
Design/Construction Operations
ASIA
GLOBAL
5.5%
15.8%
(% floor area) (% floor area)

22. GRESB score development

23. GRESB scores per region
AMERICAS
ASIA
EUROPE
OCEANIA

24. GRESB scores per region

25. GRESB scores in Asia

26. FUTURE DIRECTION OF ESG

27. CLIMATE CHANGE
top priority

28. METRICS AND
TARGETS
RISK
MANAGEMENT
STRATEGY
GOVERNANCE

29. TRANSPARENCY
key driver for
transformation

30. “To unleash its potential, Hong Kong needs to build a
regulatory regime for ESG disclosures, conducive to
facilitating integration of environmental and social
considerations into business and investment decisions.”
Stephen Wong, Deputy Executive Director and Head of Public Policy Institute,
Our Hong Kong Foundation

31. ACTION
commitment to improve

32. IMPACT
ultimate
performance metric

34. SUSTAINABLE REAL ASSETS

35. SUSTAINABLE REAL ASSETS
GLOBAL AND REGIONAL SECTOR LEADERS

37. PANEL DISCUSSION
2019
GRESB
Results
Panellists:
• Tim Chan, Senior Analyst, ESG Research and
Integration – Asia Pacific, Manulife Investment
Management
• Jim Lam, Director of Finance and Accounts, New
World Development Company
• Xinying Tok, Asia Representative, GRESB
• Gabriel Wilson-Otto, Head of Stewardship – Asia,
BNP Paribas Asset Management
Moderator:
• Benjamin McCarron, Asia Representative, GRESB
FUTURE DIRECTION OF ESG