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2019

Developer

Scoring Document

Contents

Disclaimer: 2019 GRESB Real Estate Scoring Document

The information in this document has been provided in good faith and is provided on an “as is” basis. While we do not anticipate major changes, we reserve the right to make modifications prior to the official start of the 2019 reporting period on April 1 and the official release of the 2019 Real Estate Assessment. We will publicly announce any such modifications.

Introduction

This document was prepared in response to industry feedback and discloses the detailed scoring methodology for all indicators of the 2019 Real Estate Assessment. The Scoring Document is shared for information purposes in an effort to increase transparency around the Assessment, Methodology and Scoring processes. GRESB reserves the right to make edits to this document during the scoring and analysis period preceding the 2019 results launch.

How to read this document?

The GRESB Real Estate Scoring Document provides a visual breakdown of each indicator score included in the 2019 GRESB Real Estate Assessment. We recommend reading this document in conjunction with the Reference Guide which includes the reporting requirements of indicators.

This document includes:

Example: Indicator MA5

3 points , MP, G

This indicator is split into three sections represented by two fractions and an "x" in the far-left column. The first section addresses the predetermined consequences of performance targets, the second covers which employee group(s) do the ESG factors apply; the final section allows is for providing evidence. The far-left column tells us that the score of the indicator is calculated as follows; (where the section and evidence scores are all numbers between 0 and 1):

Indicator score = (consequences score + 1/2 * employee groups) * evidence score * 3 points

If the respondent achieved maximum scores for both of the first and second sections, with partially accepted evidence (resulting in a multiplier of 0.5), the score is:
min(1/2 + 1/2) * 0.5 * 3 points = 1.5 points

Management

Sustainability Objectives

2018 Indicator

2 points , MP, G

The score of this indicator equals the sum of the scores achieved by:

  1. the number of ESG objectives multiplied by the evidence score;
  2. the integration of the objective(s) into the business strategy;
  3. the public availability of the objectives multiplied by the evidence score.

The open text box is not scored and is for reporting purposes only.

3 points , MP, G

Sustainability Decision Making

2018 Indicator

2 points , MP, G

Other: 'Other' answer must be accepted during validation to achieve a score.

1 point , MP, G

Other: 'Other' answer must be accepted during validation to achieve a score.

The open text box is not scored and is for reporting purposes only.

3 points , MP, G

The scoring of this indicator is the sum of the scores achieved by:

  1. the existence of predetermined consequences of performance targets (financial or non-financial).
  2. the group(s) of employees that the targets apply

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

Policy & Disclosure

ESG Policies

2018 Indicator

3 points , MP, G

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

2 points , MP, G

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

2 points , MP, G

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

Not scored , MP, G

This indicator is not scored and is used for reporting purposes only.

Sustainability Disclosure

2018 Indicator

4 points , MP, G

Each form of ESG disclosure method is assigned with a maximum number of points respectively achieved by:

  1. the third-party alignment of the report (if applicable)

    Alignment: the alignment standard and the corresponding evidence must be accepted during the validation process to receive a score.

  2. the reporting level (three reporting levels - Entity, Investment manager, Group - are mutually exclusive).
  3. the validation status of the corresponding evidence

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

2 points , MP, G

In order to achieve points for any of the checkboxes above, the number of points received in the corresponding section in PD5.1 must be higher than 0. Each response is validated using the evidence uploaded in PD5.1.

The scoring of this indicator is the sum of the scores achieved by:

  1. the level of the third-party data review
  2. the verification/assurnace standard scheme (if applicable)

Other: 'Other' answer must be accepted during validation to achieve a score.

Scheme name: Scheme name must be accepted during the validation process to receive its associated score.

Not scored , MP, G

This indicator is not scored and is used for reporting purposes only.

Not scored , MP, G

This indicator is not scored and is used for reporting purposes only.

Not scored , MP, G

This indicator is not scored and is used for reporting purposes only.

Risks & EMS

Governance

2018 Indicator

1 point , IM, G

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

This indicator is linked to PD3. In order to achieve points for this indicator, the number of points received in PD3 must be higher than 0.

2 points , IM, G

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

Environmental & Social

2018 Indicator

2 points , IM, E

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

Environmental Management Systems

2018 Indicator

3 points , MP, G

This indicator consists of three mutually exclusive options:

  1. An externally certified EMS has a maximum score of 3 points;
  2. An EMS that is aligned with an accepted standard, but is not externally certified, has a maximum score of 2.5 points;
  3. An EMS that is not aligned with a standard nor certified externally has a maximum score of 1.5 points

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

Stakeholder Engagement

Employees

2018 Indicator

2 points , IM, S

Percentage number: The score assigned to the coverage percentage number reported above is multiplied by the relative factor associated with the relevant quartile as per the table below:

Quantile Score
0% 0/4
< 0%, 25% > 1/4
[ 25%, 50% > 2/4
[ 50%, 75% > 3/4
[ 75%, 100% ] 4/4

The training topics are not used for scoring but for reporting purpose only.

1.5 points , IM, S

Points are awarded based on the percentage of employees covered of the selected survey type(s).

Percentage number: The score assigned to the coverage percentage number reported above is multiplied by the relative factor associated with the relevant quartile as per the table below:

Quantile Score
0% 0/4
< 0%, 25% > 1/4
[ 25%, 50% > 2/4
[ 50%, 75% > 3/4
[ 75%, 100% ] 4/4

The survey response rate and the quantitative metrics sub-indicator are not used for scoring but for reporting purpose only.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 1
Not accepted/not provided 0

1 point , IM, S

Other: 'Other' answer must be accepted during validation to achieve a score.

This indicator is linked to SE2.1. In order to achieve points for this indicator, the number of points received in SE2.1 must be higher than 0.

0.5 points , IM, S

The score awarded to the option Work station and/or workplace checks is based on the percentage of employees covered.

Percentage number: The score assigned to the coverage percentage number reported above is multiplied by the relative factor associated with the relevant quartile as per the table below:

Quantile Score
0% 0/4
< 0%, 25% > 1/4
[ 25%, 50% > 2/4
[ 50%, 75% > 3/4
[ 75%, 100% ] 4/4

The rate of the metrics reported is not scored.

Other: 'Other' answer must be accepted during validation to achieve a score.

It is mandatory to use the open text box to explain the applied calculation method/formula and monitoring scope of each of the selected metrics.

Text Box: The text box is validated, and its validation status is determined based on the requirements of the indicators. Various validation status lead to different scores according to the table below:

Validation status Score
Full points 2/2
Partial points 1/2
No point 0

Suppliers

2018 Indicator

3 points , MP, G

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

Not scored , MP, G

This indicator is not scored and is used for reporting purposes only.

Health and Well-being

2018 Indicator

2 points , IM, S

Scores above are capped at 2 points.

Percentage number: The score assigned to the coverage percentage number reported above is multiplied by the relative factor associated with the relevant quartile as per the table below:

Quantile Score
0% 0/4
< 0%, 25% > 1/4
[ 25%, 50% > 2/4
[ 50%, 75% > 3/4
[ 75%, 100% ] 4/4

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

Not scored , IM, S

This indicator is not scored and is used for reporting purposes only.

New Construction & Major Renovations

Sustainability Requirements

2018 Indicator

1 point , MP, G

The scoring of this indicator is the sum of the scores achieved by:

  1. the number of ESG strategies;
  2. the public availability of the objectives.

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

The open text box is not scored and is for reporting purposes only.

3 points , MP, G

Other: 'Other' answer must be accepted during validation to achieve a score.

If Third-party guidelines or Third-party rating system is selected, the name of the guideline or system must be provided in the text box.

Text Box: The text box response is validated, and its score is determined by the validation status according to the table below:

Validation status Score
Accepted 1
Not accepted/not provided 0

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

1.5 points , MP, G

Other: 'Other' answer must be accepted during validation to achieve a score.

If Third-party guidelines or Third-party rating system is selected, the name of the guideline or system must be provided in the text box.

Text Box: The text box response is validated, and its score is determined by the validation status according to the table below:

Validation status Score
Accepted 1
Not accepted/not provided 0

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

Materials and Certifications

2018 Indicator

2.5 points , MP, E

Other: 'Other' answer must be accepted during validation to achieve a score.

If Third-party certified wood-based materials and products is selected, the name of the certifiation must be provided in the text box.

Text Box: The text box response is validated, and its score is determined by the validation status according to the table below:

Validation status Score
Accepted 1
Not accepted/not provided 0

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

2 points , IM, E

The name of the green building rating systems and the level of certification (if applicable) must be provided to the corresponding selected answer option in the text box.

Text Box: The text box is validated, and its validation status is determined based on the requirements of the indicators. Various validation status lead to different scores according to the table below:

Validation status Score
Full points 2/2
Partial points 1/2
No point 0

Percentage portfolio covered: The coverage percentage number is provided by selecting one of four drop down menu options, and the number is used as a mulitiplier to mutipliy the score assigned according to the table below:

Drop down option Multiplier
0% - 25% 0.25
25% - 50% 0.50
50% - 75% 0.75
75% - 100% 1.00

5 points , IM, E

Each certification is validated by GRESB according to a list of predifined criteria which results in a weight as shown in the table below:

Validation status Weight
Full points 1.0
Partial plus 0.6
Partial minus 0.3
No points 0.0

The overall portfolio coverage of building certification of this indicator is the sum of weighted coverage percentages of each reported certification scheme. The overall portfolio coverage number is benchmarked.

Benchmarks are constructed by following the steps below:

  1. Check if there are at least 12 respondents with coverage percentages greater than 0% and less than 100% within the same region. If so, make the benchmark the quartiles of the distribution of these percentages.
  2. If the step above failed, check if there are at least 12 respondents with coverage percentages greater 0% and less than 100% across regions. If so, make the benchmark the quartiles of the distribution of these percentages.
  3. If the step above failed, use static cut-off points of 25%, 50% and 75% to make the benchmark.

Referring to the three benchmark numbers as b1, b2 and b3 where b1 < b2 < b3, these numbers are used to split the coverage percentages between 0% and 100% into four intervals. The score achieved by a respondent depends on which interval their coverage percentage lands in, unless they had a coverage percentage of 0% or 100% in which case they will always receive a specfic score. The relationship between coverage percentages and scores is described in the table below:

Coverage percentage Fraction of maximum score
0%0/4
< 0%,b1 > 1/4
[ b1,b2 > 2/4
[ b2,b3 > 3/4
[ b3,100% ] 4/4

Note that the benchmark is constructed using data from both Real Estate and Developer assessment respondents.

Level of certification is for reporting purposes only and not used for scoring.

Energy Efficiency

2018 Indicator

3 points , MP, E

Other: 'Other' answer must be accepted during validation to achieve a score.

3 points , IM, E

Other: 'Other' answer must be accepted during validation to achieve a score.

Percentage number: The coverage percentage number reported is used as a multiplier to determine the score assigned.

Average design target for the fraction of total energy demand met with on-site renewable energy is not used for scoring.

1 point , IM, E

Text Box: The text box response is validated, and its score is determined by the validation status according to the table below:

Validation status Score
Accepted 1
Not accepted/not provided 0

Other: 'Other' answer must be accepted during validation to achieve a score.

The percentage of projects covered is used as a multiplier to multiply the scores achieved above.

Percentage number: The score assigned to the coverage percentage number reported above is multiplied by the relative factor associated with the relevant quartile as per the table below:

Quantile Score
0% 0/4
< 0%, 25% > 1/4
[ 25%, 50% > 2/4
[ 50%, 75% > 3/4
[ 75%, 100% ] 4/4

Water Conservation and Waste Management

2018 Indicator

2 points , MP, E

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

The evidence score only applies to the selected options in Requirements for planning and design.

2 points , MP, E

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

Supply Chain

2018 Indicator

2 points , MP, S

Other: 'Other' answer must be accepted during validation to achieve a score.

Percentage number: The score assigned to the coverage percentage number reported above is multiplied by the relative factor associated with the relevant quartile as per the table below:

Quantile Score
0% 0/4
< 0%, 25% > 1/4
[ 25%, 50% > 2/4
[ 50%, 75% > 3/4
[ 75%, 100% ] 4/4

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

2 points , IM, S

Other: 'Other' answer must be accepted during validation to achieve a score.

This indicator is linked to NC10.1. In order to achieve points for this indicator, the number of points received in NC10.1 must be higher than 0.

Health, Safety and Well-being

2018 Indicator

2 points , MP, S

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

The evidence score only applies to the selected options in Requirements for planning and design.

1 point , MP, S

Other: 'Other' answer must be accepted during validation to achieve a score.

1 point , IM, S

Other: 'Other' answer must be accepted during validation to achieve a score.

If the option Injury rate is selected, the calculation method must be provided in the text box.

Text Box: The text box response is validated, and its score is determined by the validation status according to the table below:

Validation status Score
Accepted 1
Not accepted/not provided 0

The rate of the metrics reported is not scored.

Community Impact and Engagement

2018 Indicator

1.5 points , IM, S

Other: 'Other' answer must be accepted during validation to achieve a score.

1.5 points , IM, G

Other: 'Other' answer must be accepted during validation to achieve a score.

Evidence: The evidence is validated and assigned a score which is used as a multiplying factor, according to the table below:

Validation status Score
Accepted 2/2
Partially accepted 1/2
Not accepted/not provided 0

The open text box is not scored and is for reporting purposes only.