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7.3
billion
73
USD trillion
9.8
GtC/year
+0.810C above 20th century average
Worldwide
GDP CO2Population
ACTIAM
Aegon NV
Alberta Investment Management Corporation (AIMCo)
Amundi
AMP Capital
AP1 First Swedish National Pension Fund
AP2 Second Swedish National Pension Fund
AP3 Third Swedish National Pension Fund
AP4 Fourth Swedish National Pension Fund
AP7 Seventh Swedish National Pension Fund
Archbishops' Council
Armstrong Asset Management
ATP
Australian Ethical Investment
AustralianSuper
Aviva Investors
AXA
AXA IM
Baldwin Brothers Inc.
Bank J. Safra Sarasin
Bayerische Versorgungskammer
Bedfordshire Pension Fund
BMO Global Asset Management
BNP Paribas Investment Partners
Brawn Capital
Brown University Sustainable Investment Fund
BT Pension Scheme
California Public Employees' Retirement System
California State Teachers' Retirement System
Cathay Financial Holding Co., Ltd.
Catholic Super CBRE Global Investors
Cbus Super
CCLA
Central Finance Board of the Methodist Church
Christian Brothers Investment Services
Christian Super
Christopher Reynolds Foundation
Church Commissioners for England
Church of England Pensions Board
Church of Sweden
Connecticut Retirement Plans and Trust Funds
Dana Investment Advisors
Danske Bank Asset Management
Danske Civil- og Akademiingeniørers Pensionskasse
Deutsche Asset Management
Dragon Capital
EdenTree Investment Management Ltd.
Encourage Capital
Environment Agency Pension Fund
Epworth Investment Management Ltd
ERAFP
ESSSuper
ETF Partners
Eureka Funds Management
First Affirmative Financial Network
Friends Fiduciary Corporation
Friends Provident Charitable Foundation
FRR - Fonds de Réserve pour les Retraites
Greater Manchester Pension Fund
Henderson Global Investors
Hermes Investment Management
HESTA
HSBC Global Asset Management
IFM Investors
Impax Asset Management
Inflection Point Capital Management
Insight Investment
Jesuits in Britain
Juristernes og Økonomernes Pensionskasse
Kempen Capital Management
L&G Investment Management
Local Government Super
London Pensions Fund Authority
Mercer
Merseyside Pension Fund
Miller/Howard Investments, Inc.
Mirova MN Nanuk Asset Management Pty Ltd
Natixis Asset Management
NEI Investments
New York City Comptroller
New York State Common Retirement Fund
New Zealand Superannuation Fund
NextEnergy Capital
Nordea Wealth Management
North East Scotland Pension Fund
OFI
Ohman
Old Mutual Global Investors
OPTrust Oregon State Treasurer
OTTP
Pax World Management LLC
PensionDanmark
PGGM
PKA
Plater Trust
Railpen Investments
Rathbone Greenbank Investments
Representative Body of the Church of Ireland
Reynders, McVeigh Capital Management
Robeco
Russell Investments
Sisters of St. Dominic of Caldwell, New Jersey
Sonen Capital
South Yorkshire Pensions Authority
Stafford Sustainable Capital
Statewide Super
Tellus Mater Foundation
Temporis Capital LLP
The Barrow Cadbury Trust
The Joseph Rowntree Charitable Trust
The Pensions Trust
The Sustainability Group at Loring, Wolcott and
Coolidge
The United Reformed Church
Trillium Asset Management
Trustees of Amherst College
Unipension FAIF A/S
Unitarian Universalist Association
USS
Veris Wealth Partners
VicSuper
Vision Super Pty Ltd
Walden Asset Management
Wespath Benefits and Investments
West Midlands Pension Fund
West Yorkshire Pension Fund
WHEB
130
investors
Sustainability Performance
Bu
ild
ing
Sto
ck
Leading
Green Mark Platinum
LEED Platinum
BREEAM Outstanding
Etc.
Regulation
Market transformationTop down, bottom up
Capital
Market
Company
Portfolio
Building
Investment Community
CA
PITA
L
Investment
Manager
Portfolio Manager/
Asset Manager
Property Manager/
Facility Manager
CO
MM
ITM
EN
T
“U.S. REITs with higher
GRESB ratings deliver higher
returns per unit of risk”
“2.75% return spread between
the Top 10% and Bottom 10%
European non-listed GRESB
entities”
REAL ESTATE PORTFOLIOS
PROPERTY
COMPANIES
CAPITAL
MARKET
BENCHMARK
SCORE
ASSESS
COMMUNICATE
DATA QUALITY
PROPERTY
COMPANIES/FUNDS
GRESB
SCOREPolicy & Disclosure Building Certification
Monitoring & EMSManagement
Performance Indicators
Risks & OpportunitiesStakeholder
Engagement
8.8
%
9.5
%
12.4
% 25.2
%
24.5
%
10.9
%
8.8
%
Data QualityThree-layer validation process for investment-grade data
100%
Validation
Plus
Site Visit
All Participant
Check
Open text boxes (quality)
Open-ended questions
Hyperlinks
Evidence (presence)
Evidence (content)
Data accuracy18%
2.5%Reporting boundaries
Data quality
Evidence for answers
Carbon ManagementGlobal
1. ESG policy includes carbon emissions
2. Carbon emissions target in place
3. Due diligence process includes carbon
emissions
4. Risk assessments include carbon emissions
5. Data management system in place
6. Reporting carbon emissions data
7. Offsetting carbon emissions
8. Reporting carbon intensity data
9. External review of carbon emissions data
1.
2.
3.
4.
5.
6.
7.
8.
9.
Sector leadersAsia
2016 Regional Sector Leaders
Diversified CapitaLand Limited
Retail (private) Lendlease Asian Retail Investment Fund 2
Retail (listed) CapitaLand Mall Trust
Office (private) Invesco Real Estate Asia Fund - Invesco Real Estate
Office (listed) Keppel REIT
Industrial (private) Goodman Japan Core Partnership - Goodman Group
Industrial (listed) Nippon Prologis REIT, Inc.🌐
Residential Sekisui House SI Residential Investment Corporation
Diversified - Residential/Office Premier Investment Corporation
Developer - Residential Keppel Land Limited
🌐 Global Sector Leader
Sustainability Performance
Bu
ild
ing
Sto
ck
Leading
BREEAM Outstanding
LEED Platinum
Green Star Six Star
Etc.
Regulation
And it’s not just investors…Lenders are waking up…
18GRESB Debt
Participants
USD 44 blnTotal
Loan Portfolio
USD 7.1 blnGreen
Property Bonds