Primary Location - Is the entity's Primary Location in developed countries, developing countries or mixed?
Developed
Developing
Mixed
The 2022 GRESB Infrastructure Public Disclosure Reference Guide (“Reference Guide”) accompanies the 2022 GRESB Infrastructure Public Disclosure Indicators and is published both as a standalone document and in the GRESB Portal alongside each Assessment indicator. The Reference Guide reflects the opinions of GRESB and not of our members. The information in the Reference Guide has been provided in good faith and is provided on an “as is” basis. We take reasonable care to check the accuracy and completeness of the Reference Guide prior to its publication. While we do not anticipate major changes, we reserve the right to make modifications to the Reference Guide. We will publicly announce any such modifications.
The Reference Guide is not provided as the basis for any professional advice or for transactional use. GRESB and its advisors, consultants and sub‑contractors shall not be responsible or liable for any advice given to third parties, any investment decisions or trading or any other actions taken by you or by third parties based on information contained in the Reference Guide.
Except where stated otherwise, GRESB is the exclusive owner of all intellectual property rights in all the information contained in the Reference Guide. We will publicly announce any such modifications.
Mission-driven and investor-led, GRESB is the environmental, social and governance (ESG) benchmark for real assets. We work in collaboration with the industry to provide standardized and validated ESG data to the capital markets. The 2021 Real Estate benchmark covered more than 1,500 property companies, real estate investment trusts (REITs), funds, and developers. Our coverage for Infrastructure is more than 700 infrastructure funds and assets. Combined, GRESB represents USD 6.4 trillion AUM. More than 140 institutional investors, with over USD 47 trillion AUM, use GRESB data to monitor their investments, engage with their managers, and make decisions that lead to a more sustainable real asset industry.
For more information, visit gresb.com. Follow GRESB on LinkedIn or @GRESB on Twitter.
Financial regulators increasingly require organizations to disclose ESG-related policies, performance and risks. Proactive transparency enables infrastructure companies to operate ahead of this global trend. Effective public disclosure also facilitates active stakeholder engagement and empowers investors to make sound investment decisions. GRESB Infrastructure Public Disclosure is unique in its focus to measure only material ESG disclosures by listed infrastructure companies and vehicles. The evaluation is based on a set of indicators aligned with the GRESB Infrastructure Asset Assessment, allowing for a comparison of ESG disclosure performance between GRESB participants and select non-participants. It also provides investors with a resource hub to access ESG disclosure documents across their full investment portfolio.
GRESB Infrastructure Public Disclosure data is initially collected by the GRESB team for selected companies, including the entire GLIO Global Coverage Index as well as both 2021 GRESB Infrastructure Asset Assessment participants and non-participants. All constituents have the opportunity to review and update this data before it becomes accessible to GRESB Investor Members. GRESB Infrastructure Public Disclosure consists of four Aspects: Governance of Sustainability, Implementation, Operational Performance and Stakeholder Engagement. Together, these Aspects contribute towards a Public Disclosure Level, expressed through an A to E sliding scale.
The first GRESB Public Disclosure dataset was created for Real Estate property companies and REITS with GRESB now fine-tuning this from its original format to fit the infrastructure industry. In 2019 GRESB Infrastructure released its own Infrastructure Public Disclosure dataset for the first time. This year's Infrastructure Public Disclosure indicators have remained the same as those used in 2020 and 2021 datasets.
As with prior years, certain indicators of the Infrastructure Public Disclosure dataset GRESB will evaluate constituents based on whether a topic is material to them based on a sub-set of existing factors, namely sector and primary location. This methodology is already being applied in the GRESB Infrastructure Asset Assessment using the GRESB Materiality Assessment which assigns levels of relevancy to different ESG issues based on a set of factors that the participant fills out. Infrastructure Public Disclosure uses the issues affected by sector and primary location to determine the relevancies of certain issues covered by its indicators. If a factor is of medium or high relevance it affects a participant's score. If the relevance is deemed to be low or not relevant, the issue does not affect a participants score. For more information on how this works feel free to try out our
The GRESB Infrastructure Assessments are an ESG engagement and benchmarking tool for institutional investors, fund managers, infrastructure companies and asset operators working in the infrastructure space.
The GRESB Infrastructure Assessments consist of two complementary components, a Fund Assessment and an Asset Assessment. Both components address critical aspects of ESG performance through a standardized, globally applicable, reporting and benchmarking framework. The GRESB Infrastructure Assessments focus on operating investments, infrastructure assets, companies and funds, and cover the full breadth of infrastructure sectors, including:
The GRESB Infrastructure Assessment provides investors with actionable information and tools to monitor and manage the ESG risks and opportunities of their investments, and to prepare for increasingly rigorous ESG obligations. GRESB Infrastructure Assessment participants receive comparative business intelligence on where they stand against their peers, a roadmap with the actions they can take to improve their ESG performance and a communication platform to engage with investors.
All listed infrastructure companies and vehicles are encouraged to participate in the 2022 GRESB Infrastructure Asset Assessment in addition to GRESB Infrastructure Public Disclosure. Participation in the GRESB Infrastructure Asset Assessment involves submitting information for 37 indicators, arranged in seven Aspects, covering the most material ESG issues for real estate investors. The submitted data is validated, scored and benchmarked, resulting in an in-depth analysis of the sustainability performance of companies and funds, in both absolute terms and relative to peers. The two sets of information are complementary. GRESB Infrastructure Asset Assessment provides information about an infrastructure company or vehicle’s ESG performance, while GRESB Infrastructure Public Disclosure provides insights into the company or vehicle’s level of transparency through public disclosure of ESG data.
2022 Public Disclosure information is initially collected by GRESB, in the period March 1st through April 15th, 2022. The data is then pre-filled in the online GRESB Portal for further review by the relevant listed infrastructure company or vehicle. GRESB collects publicly disclosed data provided by participants in good faith and does not perform any checks on the quality of this data. It is the responsibility of the constituent to check the accuracy of this data and to update any information that is missing, inaccurate, or out of date.
In light of this product’s mission to promote transparency, all evidence collected by GRESB or provided by constituents will be disclosed to GRESB Investor Members. GRESB collected evidence on a presence/absence basis, recognizing that documentation may be available that better reflects the entity’s sustainability efforts. Constituents are therefore encouraged to check and update any data collected and pre-filled by GRESB.
Step 1: Log into the GRESB Portal
As of April 1st, users new to GRESB need to start by creating a GRESB Portal Account. This can be done free of charge by completing the registration form. If you have already received an invitation email to sign-up with the title “Review your 2022 Public Disclosure data email” then use the link found there. Registering with this email link address will automatically link your user account to an Assessment with pre-filled Public Disclosure data. In the registration form, select that you are interested in the GRESB Infrastructure Assessment and enter your contact information. Once this step is complete, your public disclosure data will become available for viewing and editing.
If you have not received this registration email then you can go fill in the registration form and ask GRESB to link the account you have created to your company using our GRESB Helpdesk.
Alternatively you can also directly contact us and ask us to send a registration link to your email which will directly link you to the respective company.People who already have a GRESB user account do not need to create a separate account for GRESB Infrastructure Public Disclosure and can review their data immediately by going to and logging into the portal. The entity's Public Disclosure assessment will appear under your "View Assessments".
If you are unsure whether GRESB has collected and pre-filled 1 Infrastructure Public Disclosure data for your organization, please visit GRESB Helpdesk.
Step 2: Access GRESB Infrastructure Public Disclosure indicators
In 2022, the Infrastructure Public Disclosure Indicators are available separately from the GRESB Asset and Fund Assessments. GRESB Participants and Public Disclosure constituents for which data has previously been collected, can access the data by first selecting the entity name in the overview section and subsequently selecting “Public Disclosure Indicators”.
Constituents for which Public Disclosure data has not been pre-filled by GRESB can participate in GRESB Infrastructure Public Disclosure, by selecting “Start new Assessment” and subsequently selecting Public Disclosure indicators.
Step 3: Review data collected for each indicator
Use the "Contents" button, located in the top-left corner to navigate through each aspect. Constituents should review each Public Disclosure indicator in-depth, to assess whether the data collected by the GRESB team is accurate, up-to-date and complete. If a hyperlink refers to an inaccurate data source, select the discard bin in the evidence field to dissociate the hyperlink from the indicator.
While reviewing the indicators, please note the following:
Step 4: Submit GRESB Infrastructure Public Disclosure data
Constituents can confirm that their GRESB Infrastructure Public Disclosure dataset is complete by submitting the data. Please note that GRESB maintains the right to use or update any incomplete datasets for scoring purposes.
Step 5: Complete the 2022 GRESB Infrastructure Assessment
The 2022 GRESB Infrastructure Public Disclosure information is analyzed and scored separately from the 2022 GRESB Infrastructure Assessments, resulting in a Public Disclosure Level. All listed Infrastructure companies and vehicles, dependent on their structure, are encouraged to participate in the 2022 GRESB Infrastructure Asset and/or Fund Assessment. Please see the respective 2022 GRESB Infrastructure Asset Reference Guide and 2022 GRESB Infrastructure Fund Reference Guide for guidance on completing these Assessments and to understand which one suits your company best. If you are unsure of which one you should be filling out, please contact GRESB Helpdesk.
Public availability
GRESB Infrastructure Public Disclosure consists of a sub-set of indicators from the GRESB Infrastructure Asset Assessment, modified for the purpose of measuring levels of ESG disclosure through the following publicly available sources:
All data collected by GRESB for pre-filling was derived from these sources. Constituents may provide publicly disclosed data from other sources, as long as this is a means of official disclosure by the organization (e.g., 10-K filings or PRI Reports). Information disclosed through public channels, such as twitter or personal blogs, is not deemed an official disclosure by the organization.
Material that is disclosed through internal channels (e.g., email, presentations, internal websites), or that requires any form of (online) registration to access, is not deemed “publicly available”.
Reporting scope
All evidence needs to relate directly to the investable entity, i.e. the listed / public company. In case the day-to-day management responsibilities of the listed company are outsourced to a third-party investment manager, ensure that the text box below the evidence field includes a clear description of how this is applicable to the entity. Evidence will not be accepted without a clear explanation.
Reporting period
GRESB Infrastructure Public Disclosure assesses an entity's most recent ESG disclosures efforts. Constituents are encouraged to update any pre-filled evidence, so that it reflects their most recent ESG disclosures. Data provided through an Annual Report or stand-alone Sustainability Report, as well as operational consumption data (e.g., energy, water, GHG, waste), must as a minimum relate to the entity’s 2018 reporting year (calendar or fiscal). Employee and customer satisfaction surveys must as a minimum have been undertaken in the past three years.
Language
Preliminary data collected by the GRESB team focusses on documentation disclosed in English. Constituents may provide additional evidence in the form of hyperlinks to web pages or documents in languages other than English. However, this needs to be accompanied by an English description of the evidence’s content in the text box underneath the evidence field. Without a clear English description, the evidence will not be accepted.
Location of relevant information
In order to facilitate the data validation process, constituents should use the assigned text box to indicate where in the web page or online document the relevant information can be found. Participants should ensure that the relevant page can be accessed within two steps. A description of these steps needs to be provided in the text box underneath the hyperlink field. The constituent has the obligation to ensure that the hyperlink is functioning. Broken links are the responsibility of the constituent and will be interpreted as the absence of evidence.
Initial data collection by GRESB (March – April 1, 2022)
GRESB checked and updated the information included in GRESB Infrastructure Public Disclosure 2022 and collected information for constituents of the GLIO Global Coverage Index as of Janaury 1, 2022.
Data review by constituents (April 1 - July 1, 2022)
GRESB Infrastructure Public Disclosure 2022 will be open for review starting April 1 through July 1, 2022. During this period, listed Infrastructure companies and vehicles can review their pre-filled Public Disclosure data collected by GRESB and in tandem complete the 2022 GRESB Infrastructure Assessments.
Data validation by GRESB (August - September, 2022)
All data provided, updated, or amended by GRESB Infrastructure Public Disclosure constituents will be checked and validated using the GRESB Validation Portal by GRESB and its parent company, GBCI, based upon the reporting scope and boundaries, definitions and Interpretations, described in this document, in the period July - September, 2021. During this period, GRESB maintains the right to expand on the 2022 GRESB Infrastructure Public Disclosure Constituent universe, by collecting data on additional listed Infrastructure companies and vehicles.
Launch of Public Disclosure results (October 1, 2022)
The 2022 GRESB Infrastructure Public Disclosure results will be made available to the listed companies included in the analysis, as well as to GRESB Investor Members with listed data subscriptions, on October 1, 2022. The results will be released in parallel with the 2022 GRESB Infrastructure Assessments results.
The 2022 GRESB Infrastructure Public Disclosure information includes 30 indicators, covering four Aspects. Each indicator is scored between zero and full points, depending on the availability of evidence and selected answer options. Combined, these indicators add up to a maximum of 100 points. Constituents receive a GRESB Infrastructure Public Disclosure Level, from A to E, based on the following scale:
| GRESB Infrastructure Public Disclosure Level | Number of points received |
|---|---|
| A | 80 - 100 |
| B | 60 - 79 |
| C | 40 - 59 |
| D | 20 - 39 |
| E | 0 - 19 |
Data provided, updated, or amended by GRESB Infrastructure Public Disclosure constituents will be validated.
GRESB puts an entity’s Infrastructure Public Disclosure Level into context by assigning it to a comparison group based on country/region and Infrastructure sector. Note that an entity’s Public Disclosure comparison group differ from the Peer Groups used in the Asset/Fund/Real Estate Assessments.
The 2022 GRESB Infrastructure Public Disclosure results will be made available via the GRESB Portal to GRESB Investor Members and parties independently subscribed to the dataset in October 2022. The results will be disclosed together with the evidence collected by GRESB and provided by the constituents.
GRESB Investor Members with a listed data subscription are able to view the Public Disclosure level and supporting information for all entities. The 2022 GRESB Infrastructure Public Disclosure results will be published via the GRESB Portal in October 2022.
2022 GRESB Infrastructure Asset Reference Guide: This guide accompanies the 2022 GRESB Infrastructure Asset Assessment. Guidance is included for all the Assessment’s indicators and its respective Aspects.
2022 GRESB Infrastructure Fund Reference Guide: This guide accompanies the 2022 GRESB Infrastructure Fund Assessment. Guidance is included for all Assessment indicators that comprise Assessment's Aspects.
2021 Infrastructure Assessment Results: This snapshot provides an overview of the aggregate results of the 2021 Infrastructure results.
GRESB Helpdesk: If you need assistance on other topics or wish to contact a member of the GRESB team directly, you can use the online contact form.
Participants can give feedback during the Assessment process and immediately after submitting their Assessment response using the evaluation form available in the GRESB Portal or by filling in the GRESB helpdesk form.
The Infrastructure Public Disclosoure Dataset contains 30 indicators that assess the transparency of each entity assessed. A further 2 indicators are included in order to determine materiality of some of the ESG issues contained within the assessment and allow for sector and geography specific variables to be taken into account.
D-RC1
Primary Location - Is the entity's Primary Location in developed countries, developing countries or mixed?
Developed
Developing
Mixed
Not scored
Determine whether the primary location of the infrastructure company or vehicle is developed or developing. This information is used for materiality-based scoring and to determine peers for benchmarking and reporting purposes. The status of every country is determined by using the UN country classification guidelines available here. The only Super‐region used is Asia Pacific, grouped from Asia (code 142 in the UN classification) and Oceania (code 142 in the UN classification). Depending on the primary location selected, certain issues may become more relevant to a constituent and impact scoring.
Select the appropriate Primary Location based upon where the majority of the infrastructure company or vehicle’s operations take place. As a default, GRESB have used the stock exchange locations provided by GLIO for each constituent to situate them. Any constituent may change this default if they do not agree.
This indicator is not scored but does affect materiality of ESG issues.
Developed: Developed countries are Japan, Canada, United States, Australia, New Zealand, Israel and Europe.
Developing: Developing countries are any that are not classified as developed under the UN country classification guidelines.
Mixed: Mixed means that the entity is located in locations that are a mix of developed and developing countries.
United Nations Standard Country or Area Codes for Statistical Use (M49)D-RC2
Primary Sector
Data Infrastructure
Energy and Water Resources
Environmental Services
Network Utilities
Power Generation X-Renewables
Renewable Power
Social Infrastructure
Transport
Other: ____________
Not scored
Determine the primary sector of the infrastructure company or vehicle. This information is used for materiality-based scoring and to determine peers for benchmarking and reporting purposes.
This indicator is not scored but does affect materiality of ESG issues.
Sector: A group of specific industrial activities and types of physical assets and technologies.
Select the appropriate sector by clicking on the drop-down list or by typing in a keyword. Attempt to select the entity’s core sector at the most granular class level. If unable to identify one core sector for the entity at this level then work backwards up towards the Superclass level. The full list of sectors aligns to the EDHECinfra TICCS™️ Standard Industrial Classifications.
EDHECinfra, The Infrastructure Company Classification Standards (TICCS™️), 2022
D1
Sustainability performance via a stand-alone Sustainability Report
Yes
Reporting year: ____________
Select the applicable reporting level
Entity
Group
The sustainability report is
Aligned with a sustainability reporting framework
EPRA sBPR, 2017
GRI Standards, 2016
IIRC Framework, 2013
SASB Standards, 2018
TCFD Recommendations, 2017
Other: ____________
Third-party verified or assured
Verified
Assured
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
5.2 points , G
The intent of this indicator is to assess the methods of disclosure used by the entity, whether this disclosure is aligned with recognized sustainability reporting frameworks and/or assured by a third party.
Select yes or no. If yes, select all applicable sub-options and indicate where the information is disclosed.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Alignment with sustainability reporting framework: Select the sustainability reporting framework(s) that the stand-alone Sustainability Report is aligned with.
In order to be accepted during validation, the report must include a reference to the applicable sustainability standard. An example of good practice would be to also indicate the degree of alignment with the standard in the open text box underneath the hyperlink (e.g., GRI Standards, Core or Comprehensive.
Reporting level: Select the applicable reporting level. For most listed infrastructure companies and vehicles this will be entity (e.g., the listed/investable vehicle):
Stand-alone Sustainability Report: The report must reference the reporting year or the year prior. For example, a Sustainability Report referencing 2021 or 2020 actions and/or performance, is valid. A Sustainability Report in reference to 2020 or earlier is not valid. Standalone sustainability reports must be published separately from the Annual Report.
Third-party verified or assured: Indicate if the report is either verified or assured by a third party using a sustainability related assurance/verification scheme.
In order to be accepted in validation, the report must include either a verification or assurance statement, listing the name of the third-party that conducted the review on the sustainability data and assurance/verification scheme used.
An example of a commonly used sustainability assurance/verification scheme is ISAE 3000 (a full list of schemes is available in Appendix 1).
Points are awarded based on disclosure of (1) alignment with a sustainability reporting framework and (2) verification or assurance of the sustainability data.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Assured/Verified: The process of checking data, as well as its collection methods and management systems, through a systematic, independent and documented process against predefined criteria or standards. Assurance/Verification services should be in line with a standard and can only be provided by accredited professionals.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Stand-alone Sustainability Report(s): A report dedicated to the organization’s ESG performance.
Sustainability performance: Indicators of environmental, social, or governance (ESG) management, implementation, or performance.
EPRA Best Practice Recommendations in Sustainability Reporting, September 2017
GRI Sustainability Reporting Guidelines, 2016: 202-1; 205-3; 308-2
International Integrated Reporting Framework (IIRC Framework), 2013
Sustainability Accounting Standards Board (SASB), 2018
Task Force on Climate-Related Financial Disclosures (TCFD), 2018
D2.1
Sustainability performance via a section in the Annual Report
Yes
Reporting year: ____________
Select the applicable reporting level
Entity
Group
The sustainability section is
Aligned with a sustainability reporting framework
EPRA sBPR, 2017
GRI Standards, 2016
IIRC Framework, 2013
SASB Standards, 2018
TCFD Recommendations, 2017
Other: ____________
Third-party verified or assured
Verified
Assured
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
5.2 points , G
The intent of this indicator is to assess the methods of disclosure used by the entity, whether this disclosure is aligned with recognized sustainability reporting frameworks and/or assured by a third party.
Select yes or no. If yes, select all applicable sub-options and indicate where the information is disclosed.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Alignment with sustainability reporting framework: Select the sustainability reporting framework(s) that the report is aligned with.
In order to be accepted during validation, the report must include a reference to the applicable sustainability standard. An example of good practice would be to also indicate the degree of alignment with the standard in the open text box underneath the hyperlink (e.g., GRI Standards, Core or Comprehensive).
Reporting level: Select the applicable reporting level. For most listed infrastructure companies and vehicles this will be entity (e.g., the listed/investable vehicle):
Annual Report: The report must reference actions and/or performance from the reporting year. For an entity reporting on calendar year 2021, the Annual Report must cover the year January -December 2021. An Annual Report referencing 2020 calendar year actions and/or performance is not valid unless it is explicitly noted that the 2020 Annual Report has not been published yet.
Third-party verified or assured: Indicate if the report is either verified or assured by a third party using a sustainability related assurance/verification scheme.
In order to be accepted in validation, the report must include either a verification or assurance statement, listing the name of the third-party that conducted the review on the sustainability data and assurance/verification scheme used.
An example of a commonly used sustainability assurance/verification scheme is ISAE 3000 (a full list of schemes is available in Appendix 1).
Points are awarded based on disclosure of (1) alignment with a sustainability reporting framework and (2) verification or assurance of the sustainability data.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
D2.1 and D2.2 are first benchmarked and scored individually. The two scores are then added up and capped at a maximum of 5 points.
Annual report: A yearly record of an entity’s financial performance that is distributed to investors under applicable financial reporting regulations.
This can also be a 10-k.
Assured/Verified: The process of checking data, as well as its collection methods and management systems, through a systematic, independent and documented process against predefined criteria or standards. Assurance/Verification services should be in line with a standard and can only be provided by accredited professionals.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Sustainability performance: Indicators of environmental, social, or governance (ESG) management, implementation, or performance.
EPRA Best Practice Recommendations in Sustainability Reporting, September 2017
GRI Sustainability Reporting Guidelines, 2016: 202-1; 205-3; 308-2
International Integrated Reporting Framework (IIRC Framework), 2013
Sustainability Accounting Standards Board (SASB), 2018
Task Force on Climate-Related Financial Disclosures (TCFD), 2018
D2.2
Sustainability performance via an Integrated Report
Yes
Reporting year: ____________
Select the applicable reporting level
Entity
Group
The integrated report is
Third-party verified
Third-party assured
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
5.2 points , G
The intent of this indicator is to assess the methods of disclosure used by the entity, whether this disclosure is aligned with recognized sustainability reporting frameworks and/or assured by a third party.
Select yes or no. If yes, select all applicable sub-options and indicate where the information is disclosed.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Alignment with sustainability reporting framework: Select the sustainability reporting framework(s) that the stand-alone Sustainability Report is aligned with.
In order to be accepted during validation, the report must include a reference to the applicable sustainability standard. An example of good practice would be to also indicate the degree of alignment with the standard in the open text box underneath the hyperlink (e.g., GRI Standards, Core or Comprehensive.
Reporting level: Select the applicable reporting level. For most listed infrastructure companies and vehicles this will be entity (e.g., the listed/investable vehicle):
Integrated Report: The document upload or URL provided must contain clear evidence of alignment with the International Integrated Reporting Council (IIRC) Integrated Reporting Framework (December 2013). Integrated reports can reference 2020, 2019, or 2018 performance and/or actions.
Third-party verified or assured: Indicate if the report is either verified or assured by a third party using a sustainability related assurance/verification scheme.
In order to be accepted in validation, the report must include either a verification or assurance statement, listing the name of the third-party that conducted the review on the sustainability data and assurance/verification scheme used.
An example of a commonly used sustainability assurance/verification scheme is ISAE 3000 (a full list of schemes is available in Appendix 1).
Points are awarded based on disclosure of (1) alignment with a sustainability reporting framework and (2) verification or assurance of the sustainability data.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
D2.1 and D2.2 are first benchmarked and scored individually. The two scores are then added up and capped at a maximum of 5 points.
Assured/Verified: The process of checking data, as well as its collection methods and management systems, through a systematic, independent and documented process against predefined criteria or standards. Assurance/Verification services should be in line with a standard and can only be provided by accredited professionals.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Integrated Report: A report that is aligned with the requirements of the International Integrated Reporting Council (IIRC) Integrated Reporting Framework (December 2013).
Sustainability performance: Indicators of environmental, social, or governance (ESG) management, implementation, or performance.
EPRA Best Practice Recommendations in Sustainability Reporting, September 2017
GRI Sustainability Reporting Guidelines, 2016: 202-1; 205-3; 308-2
International Integrated Reporting Framework (IIRC Framework), 2013
D3
Sustainability performance via a dedicated section on the corporate website
Yes
Select the applicable reporting level
Entity
Group
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , G
The intent of this indicator is to assess the methods of disclosure undertaken by the entity. ESG disclosures on websites are easily accessible for a variety of stakeholders.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Points are awarded if a specific, dedicated section of the website covers the entity/group’s involvement and efforts within the field of sustainability.
Reporting level: Select the applicable reporting level. For most listed infrastructure companies and vehicles this will be entity (e.g., the listed/investable vehicle):
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Dedicated section on corporate website: A section of the entity’s website that explicitly addresses ESG performance.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Sustainability performance: Indicators of environmental, social, or governance (ESG) management, implementation, or performance.
D4
ESG leadership commitments
Yes
General ESG commitments (multiple answers possible)
Commitments that are publicly evidenced and oblige the organization to take action (multiple answers possible).
UN Global Compact
Other: ____________
Commitments that are publicly evidenced and do not oblige the organization to take action (multiple answers possible).
List commitment(s): ____________
Formal environmental issue-specific commitments (multiple answers possible)
Commitments that are publicly evidenced and oblige the organization to take action (multiple answers possible).
EV100
Powering Past Coal Alliance (PPCA)
RE 100
Science Based Targets Initiative
UNFCCC Climate Neutral Now Pledge
UN Global Compact Our Only Future
WorldGBC’s Net Zero Carbon Buildings Commitment
Other: ____________
Commitments that are publicly evidenced and do not oblige the organization to take action (multiple answers possible).
Task force on Climate-related Financial Disclosures
Other: ____________
Formal social issue-specific commitments (multiple answers possible)
Commitments that are publicly evidenced and oblige the organization to take action (multiple answers possible).
List commitment(s): ____________
Commitments that are publicly evidenced and do not oblige the organization to take action (multiple answers possible).
The Responsible Labor Initiative (RLI)
World Business Council for Sustainable Development's Call to Action
30% Club
Other: ____________
Formal governance issue-specific commitments (multiple answers possible)
Commitments that are publicly evidenced and oblige the organization to take action (multiple answers possible).
List commitment(s): ____________
Commitments that are publicly evidenced and do not oblige the organization to take action (multiple answers possible).
List commitment(s): ____________
No
The intent of this indicator is to assess the entity's commitment to ESG leadership standards or principles. By making a commitment to ESG leadership standards or principles, an entity publicly demonstrates its commitment to ESG, uses organizational standards and/or frameworks that are universally accepted and may have obligations to comply with the standards and/or frameworks.
Select Yes or No: If selecting Yes, select applicable sub-options.
Public commitment:Commitment must be public (e.g via public register) and the entity a member/signatory.
Requires action:The commitment requires the entity to take action (where participant has indicated that it does).
This indicator is not scored and is for reporting purposes only.
EV100:
RE100:
Powering PastCoal Alliance (PPCA):
Science Based Targets Initiative:
Task Force on Climate-related Financial Disclosures:
The Responsible Labor Initiative (RLI):
UNFCCC Climate Neutral Now Pledge
UN Global Compact:
UN Global Compact Our Only Future:
World Business Council for Sustainable Development’s Call to Action:
WorldGBC’s Net Zero Carbon Buildings Commitment:
30% Club:
D5
General sustainability objectives
Yes
Disclosed objectives are:
Measurable
Time-bound
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
1.6 points , G
Clear strategic or cross-cutting overall ESG objectives help to translate purpose into action — they can facilitate the integration of ESG management with other business management processes. Objectives should be the longer-term goals derived naturally from policies. Having clear ESG objectives also demonstrates commitment to monitoring and improving ESG performance.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
A disclosure on specific general sustainability objectives should at a minimum include the following:
Examples can include, but are not limited to, targets set for achieving building certifications, or relative position on sustainability indices or rankings.
Best practice disclosures on general sustainability objectives often contain the following elements:
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
General sustainability objectives: Strategic or cross-cutting objectives to improve overall ESG performance that are not specific to environmental, social or governance issues. For example, relative position on sustainability indices or rankings.
Measurable: Sustainability and/or ESG objectives that relate to quantifiable goals or strategic developments.
Timebound: An objective with reference to a time frame allowing for monitoring/progression towards the goal.
GRI Sustainability Reporting (2016): 1.2, Sustainability context
SASB (March 2016)-Real Estate Owners, Developers & Investment Trusts: IF0402-05
D6
Specific environmental objectives
Yes
Disclosed objectives are:
Measurable
Time-bound
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
1.6 points , G
Disclosing specific environmental objectives informs investors and other stakeholders about the integration of sustainability into the strategy of the company and the efforts made to reduce negative environmental externalities.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
A disclosure on specific environmental objectives should at a minimum include the following:
The stated objective will not be awarded points if it refers to sustainability/ESG in general, and does not cover a specific environmental topic.
Examples can include, but are not limited to, specific targets to reduce energy consumption or GHG emissions, targets set for achieving building certifications, or measures to promote biodiversity.
Best practice disclosures on environmental objectives often contain the following elements:
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Environmental objectives: Overall environmental goal, arising from the environmental policy, that an entity sets itself to achieve. The objectives should be quantifiable and correlated with the entity’s ambitions. In turn, they determine targets, which are detailed performance requirements necessary to achieve the environmental objectives.
Measurable: Sustainability and/or ESG objectives that relate to quantifiable goals or strategic developments.
Timebound: An objective with reference to a time frame allowing for monitoring/progression towards the goal.
GRI Sustainability Reporting (2016): 1.2, Sustainability context
SASB (March 2016)-Real Estate Owners, Developers & Investment Trusts: IF0402-05
D7
Specific social objectives
Yes
Disclosed objectives are:
Measurable
Time-bound
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
1.6 points , G
Disclosing specific social objectives informs investors and other stakeholders about the integration of sustainability into the strategy of the company and the efforts made to improve upon positive societal impacts.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
A disclosure on specific social objectives should at a minimum include the following:
The stated objective will not be awarded points if it refers to sustainability/ESG in general, and does not cover a specific social topic.
Examples can include, but are not limited to, organization of charitable/local community events, improving employee satisfaction, supporting local employment opportunities.
Best practice disclosures on social objectives often contain the following elements:
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Measurable: Sustainability and/or ESG objectives that relate to quantifiable goals or strategic developments.
Social objectives: Objectives to improve absolute or relative on social issues, such as stakeholder engagement or health and well-being.
Timebound: An objective with reference to a time frame allowing for monitoring/progression towards the goal.
GRI Sustainability Reporting (2016): 1.2, Sustainability context
SASB (March 2016)-Real Estate Owners, Developers & Investment Trusts: IF0402-05
D8
Specific governance objectives
Yes
Disclosed objectives are:
Measurable
Time-bound
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
1.6 points , G
Disclosing specific governance objectives informs investors and other stakeholders about the efforts made to improve corporate governance issues.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
A disclosure on specific governance objectives should at a minimum include the following:
The stated objective will not be awarded points if it refers to sustainability/ESG in general, and does not cover a specific social topic.
Examples can include, but are not limited to, the implementation of measures that promote transparency or targets set for board diversity.
Best practice disclosures on governance objectives often contain the following elements:
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Governance objectives: Objectives to improve entity governance. These can relate to governance structures and composition of the entity and how this relates to economic, environmental and social dimensions, or the entity’s approach to corporate governance issues such as transparency, board composition, or bribery and corruption.
Measurable: Sustainability and/or ESG objectives that relate to quantifiable goals or strategic developments.
Timebound: An objective with reference to a time frame allowing for monitoring/progression towards the goal.
SASB (March 2016)-Real Estate Owners, Developers & Investment Trusts: IF0402-05
D9
Existence of dedicated sustainability professional(s) or sustainability task force/committee responsible for the entity
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
2.1 points , G
The intent of this indicator is to identify human resources allocated to sustainability. Having personnel dedicated to sustainability issues increases the likelihood that the Infrastructure company or vehicle’s ESG objectives will be properly managed and targets will be met.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Points will be awarded if the disclosure(s) contains evidence of:
Points will not be awarded if sustainability is simply among the employee’s responsibilities.
Best practice disclosures include the name of a committee/task force responsible for sustainability and demonstrate how it fits in with the rest of the board and committees, with regards to role and policy-making abilities.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Dedicated sustainability task force: A formally established group of individuals who meet to discuss and monitor the implementation of the organization’s sustainability objectives.
Dedicated team member: An employee whose main responsibility is defining, implementing and monitoring the ESG objectives at organization and/or entity level.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Responsible for: A person or group of people who work on the implementation and completion of the task, project or strategy.
GRI Reporting Standards (2021): 2-14 Role of the highest governance body in sustainability reporting
D10
Policy/policies that address(es) environmental issues
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , G
Policies on environmental issues assist organizations with incorporating sustainability criteria into their business practices. Disclosing environmental policies provides investors and other stakeholders with assurance that solid sustainability processes and procedures are in place.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Points will be awarded if the disclosure(s) contains either:
Examples of environmental topics include, but are not limited to biodiversity and habitat, climate change adaptation, waste management, environmental attributes of building materials.
Best practice disclosures include an easily accessible online PDF document, signed by the chief executive officer or approved by the board, outlining the process and methods by which the listed Infrastructure company or vehicle applies and upholds its environmental management practices and processes.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Environmental issues: The impact on living and non-living natural systems, including land, air, water and ecosystems. This includes, but is not limited to biodiversity, transport, contamination, GHG emissions, energy, water, waste, natural hazards, supply chain environmental standards, and product and service-related impacts, as well as environmental compliance and expenditures.
Policy: Defines a commitment, direction or intention as formally adopted by the entity.
The United Nations Framework Convention on Climate Change, 1994 Global Reporting Initiative
GRI Sustainability Reporting Standards (2016): GRI, 301, 302, 303, 304, 305, 306; GRI, 416
D11
Policy/policies that address(es) social issues
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , G
Policies on social issues assist organizations with incorporating sustainability criteria into their business practices. Disclosing social policies provides investors and other stakeholders with assurance that solid sustainability processes and procedures are in place.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Points will be awarded if the disclosure(s) contains either:
Examples of social topics include, but are not limited to occupational safety, employee performance and career development, diversity and equal opportunity.
Best practice disclosures include an easily accessible online PDF document, signed by the chief executive officer or approved by the board, outlining the process and methods by which the Infrastructure company or vehicle drives societal value, and manages stakeholder relations.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Policy: Defines a commitment, direction or intention as formally adopted by the entity.
Social issues: Concerns the impacts the entity has on the social systems within which it operates. This includes, but is not limited to community social and economic impacts, safety, health & well-being.
GRI, 301, 302, 303, 304, 305, 306; GRI, 416
ILO Declaration on Fundamental Principles and Rights at Work
D12
Policy/policies that address(es) corporate governance issues
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , G
Policies on governance issues assist organizations with incorporating the management of governance issues into their business practices. Disclosing governance policies provides investors and other stakeholders with assurance that adequate governance processes and procedures are in place.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Points will be awarded if the disclosure(s) contains either:
Examples of social topics include, but are not limited to, corruption, fraud, whistleblowing and remuneration at the corporate level, conflict of interest policies.
Best practice disclosures would contain a full suite of governance policies, easily accessible and aligned with good corporate governance standards and control mechanisms.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Corporate governance issues: Governance structure and composition of the organization. This includes how the highest governance body is established and structured in support of the organization’s purpose, and how this purpose relates to economic, environmental and social dimensions.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Policy: Defines a commitment, direction or intention as formally adopted by the entity.
GRI Reporting Standards (2021): 2-19: Remuneration Policies and 205: Anti Corruption
D13
Long-term reduction targets of environmental and social impact
Yes
Targets relate to:
Energy
Greenhouse gas emissions
Air pollution
Water inflows/withdrawals
Water outflows/discharges
Waste
Biodiversity and habitat
Health and safety: employees
Health and safety: contractors
Health and safety: users
Health and safety: community
Other: ____________
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , E
Environmental and social performance targets guide organizations and their employees towards measurable improvements and are a key determinant to integrate sustainability into business operations.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Points will be awarded and considered a long-term target if it fulfills the following criteria:
A best practice example would include:
Points are awarded to each selected checkbox option and are then aggregated to calculate the indicator’s final score.
It is not necessary to select all answer options in order to obtain the maximum score for this question.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
This indicator is affected by materiality. Selections made in D-RC1 and D-RC2 will impact the relevancy of the checkbox issues for a constituent and in turn impact scoring too.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Environmental and Social Impact: A measurable performance outcome of operations undertaken by an asset/company. E.g. energy consumption, GHG emissions, water consumption/discharge/pollution, waste management, air pollution, biodiversity & habitat, or other related indicators.
Long-term reduction targets: A measurable target that projects three or more years into the future.
D14
ESG initiatives and/or case studies that relate to the entity with measurable impact
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , E
Integration of a constituent’s ESG case studies/initiatives and business performance is important both for the sustainability of the business and the community affected. It marks the link between doing good, and strengthening the core business of a constituent.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Points will be awarded if the constituent can provide:
The above can be part of the documents D1-D4 or any other stand-alone public document that a constituent may disclose.
A best practice ESG initiative or case study includes:
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
ESG case study: A report or summary of the efforts undertaken by the entity to make an individual asset or portfolio more sustainable, describing the efforts undertaken and results of these actions, such as environmental resources reduced, or (potential) economic gains.
ESG initiative: A cohesive program, action or project, that displays the entity’s ESG leadership efforts, setting it apart from other entities (e.g. research publications, philanthropic efforts, or unique ESG related innovations).
D15
ESG-Related management standard accreditation or alignment
Yes
Disclosure includes information on:
Accreditation
Alignment
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
5.2 points , E
The intent of this indicator is to assess the achievement and maintenance of entity-level ESG related management system accreditations. The presence and application of an ESG-related management standard or comparable framework is an indicator of an entity’s commitment to effectively action ESG issues.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Points will be awarded if the constituent can provide evidence of:
A best practice disclosure often includes:
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Alignment and accreditation are not scored differently.
Alignment: To agree and match with a recognized sustainability standard (either voluntary or mandatory).
Accreditation (Certification): Third-party recognition of meeting the requirements of a recognized standard.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Points will be awarded if the constituent can provide evidence of:
A best practice disclosure often includes:
D16
Information on investments that obtained an Asset-Level certification
Yes
Disclosure includes information on:
Certifications
Energy ratings
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , E
Asset-Level certificates and energy ratings provide a measure of asset quality that may provide benefits for occupants, society and the environment. Asset-Level certifications and energy ratings also serve as an additional layer of transparency and accountability to inform investors and occupiers on the sustainability performance of an asset.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
In order for points to be given for the sub-options selected, the following must be present in the supporting evidence:
A best practice disclosure often includes a concise overview of which assets in the portfolio are certified, and which are not certified, or to be certified. Information of the certified portfolio then includes:
Scheme Name/Sub-scheme Name: A list of provisionally validated certification schemes is provided in Appendix 9 of the GRESB Infrastructure Asset Assessment Reference Guide . If you wish to add a new scheme, please contact GRESB Helpdesk and you will be asked to complete the certification templates document(see Appendix 10).
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Asset-Level certification: Recognition that a project has satisfied the requirements of a certification scheme. A certificate typically indicates the name and location of the project, version of the rating system, date of certification and level of recognition.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Energy Rating: A scheme that measures the energy efficiency performance of buildings.
D17
Air Pollution data of portfolio
Yes
Including information on:
Absolute data
Like-for-like data
Intensity data
Portfolio data coverage
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
Determined by materiality , E
The intent of this indicator is to assess the entity’s measurement of air pollution emissions, other than GHGs. The emission of air pollutants emissions can have significant impacts on human health and the environment. The emissions of air pollutants may also constitute a significant risk factor for regulation and social license to operate.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Best practice disclosures would split up air pollutant emissions recorded by Infrastructure sector (if the entity is involved in multiple sectors) and/or location, and clearly indicate for which areas data is disclosed/available.
Points are awarded to each selected checkbox option and are then aggregated to calculate the indicator’s final score.
It is not necessary to select all answer options in order to obtain the maximum score for this question.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
This indicator is affected by materiality. Selections made in D-RC1 and D-RC2 will impact the relevancy of the indicator for a constituent and in turn impact scoring too.
Absolute data: An absolute measure of specific operational metrics provided by a firm for the reporting year.
Air Pollutant Data: Emission data on pollutants of major public health concern include ozone-depleting substances (ODS), NOx, SOx, particulate matter (PM) and/or other standard categories of air emissions identified in relevant regulations.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Intensity Data: A measure of the relevant operational metric in absolute value per unit of an appropriate denominator, including but not limited to: revenue and output.
Like-for-like data: A metric that enables comparison of results between years whilst controlling for changes such as expansions and acquisitions of the portfolio that could over or understate the values of one year as compared to another.
Portfolio data coverage: Information about the part of the portfolio for which the data is disclosed. This can be a percentage of the number of assets/facilities covered.
D18
Biodiversity & Habitat data of portfolio
Yes
Including information on:
Absolute data
Like-for-like data
Intensity data
Portfolio data coverage
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
Determined by materiality , E
The intent of this indicator is to assess the entity’s measurement of impact on biodiversity and habitat. Impacts on biodiversity and habitat management may create significant risks with respect to regulation or social license to operate.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Best practice disclosures would split up biodiversity & habitat data recorded by Infrastructure sector (if the entity is involved in multiple sectors) and/or location, and clearly indicate for which areas data is disclosed/available.
Points are awarded to each selected checkbox option and are then aggregated to calculate the indicator’s final score.
It is not necessary to select all answer options in order to obtain the maximum score for this question.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
This indicator is affected by materiality. Selections made in D-RC1 and D-RC2 will impact the relevancy of the indicator for a constituent and in turn impact scoring too.
Absolute data: An absolute measure of specific operational metrics provided by a firm for the reporting year.
Biodiversity & Habitat Data: Data pertaining to biodiversity and habitat impacts as measured by wildlife or threatened/endangered species fatality(ies), or habitat maintenance/removal/restoration/enhancement/protection.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Intensity Data: A measure of the relevant operational metric in absolute value per unit of an appropriate denominator, including but not limited to: revenue and output.
Like-for-like data: A metric that enables comparison of results between years whilst controlling for changes such as expansions and acquisitions of the portfolio that could over or understate the values of one year as compared to another.
Portfolio data coverage: Information about the part of the portfolio for which the data is disclosed. This can be a percentage of the number of assets/facilities covered.
Global Reporting Initiative, GRI 304: Biodiversity, 2016
UN Sustainable Development Goals relevant for this indicator;
D19
Energy data of portfolio
Yes
Including information on:
Absolute data
Like-for-like data
Intensity data
Portfolio data coverage
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
Determined by materiality , E
The intent of this indicator is to assess the entity’s measurement of and target setting for energy performance. The use of energy is both a direct cost and a critical source of local, regional, and global environmental impacts.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Best practice disclosures would split up energy consumption by Infrastructure sector (if the entity is involved in multiple sectors) and/or location, and clearly indicate for which areas data is disclosed/available.
Points are awarded to each selected checkbox option and are then aggregated to calculate the indicator’s final score.
It is not necessary to select all answer options in order to obtain the maximum score for this question.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Monitoring the generation of energy is also acceptable to receive points due to the nature of some sectors in the infrastructure industry.
This indicator is affected by materiality. Selections made in D-RC1 and D-RC2 will impact the relevancy of the indicator for a constituent and in turn impact scoring too.
Absolute data: An absolute measure of specific operational metrics provided by a firm for the reporting year.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Energy data: Data obtained through monitoring the energy consumption or production of the asset/company portfolio. The operational energy consumption of asset/company portfolio leads to substantial environmental impact. Monitoring consumption is an important basis for reducing this impact.
Intensity Data: A measure of the relevant operational metric in absolute value per unit of an appropriate denominator, including but not limited to: revenue and output.
Like-for-like data: A metric that enables comparison of results between years whilst controlling for changes such as expansions and acquisitions of the portfolio that could over or understate the values of one year as compared to another.
Portfolio data coverage: Information about the part of the portfolio for which the data is disclosed. This can be a percentage of the number of assets/facilities covered.
D20
Health & Safety data of portfolio
Yes
On:
Health and safety: employees
Health and safety: contractors
Health and safety: users
Health and safety: community
Including information on:
Absolute data
Like-for-like data
Intensity data
Portfolio data coverage
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
4.2 points , E
The intent of this indicator is to assess health and safety performance associated with the entity’s employees. The health and safety of employees is a common key performance indicator for infrastructure operators.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Best practice disclosures would split up energy consumption by Infrastructure sector (if the entity is involved in multiple sectors) and/or location, and clearly indicate for which areas data is disclosed/available.
Points are awarded to each selected checkbox option and are then aggregated to calculate the indicator’s final score.
It is not necessary to select all answer options in order to obtain the maximum score for this question.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
This indicator is affected by materiality. Selections made in D-RC1 and D-RC2 will impact the relevancy of the indicator for a constituent and in turn impact scoring too.
Absolute data: An absolute measure of specific operational metrics provided by a firm for the reporting year.
Health and Safety Data: Data pertaining to health and safety of employees, contractors, customers and community as recorded by the fatalities and injuries maintenance/removal/restoration/enhancement/protection measure provided by a firm for the reporting year.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Intensity Data: A measure of the relevant operational metric in absolute value per unit of an appropriate denominator, including but not limited to: revenue and output.
Like-for-like data: A metric that enables comparison of results between years whilst controlling for changes such as expansions and acquisitions of the portfolio that could over or understate the values of one year as compared to another.
Portfolio data coverage: Information about the part of the portfolio for which the data is disclosed. This can be a percentage of the number of assets/facilities covered.
Employee: Individual who is in an employment relationship with the entity, according to national law or its application.
Contractor: Person or organization working onsite or offsite on behalf of an entity. A contractor can contract their own workers directly, or contract subcontractors or independent contractors. Suppliers are not considered contractors for the purpose of this indicator.
User: Users are people that interact physically with the asset when they use its services.
Community: Persons or groups of people living and/or working in any areas that are economically, socially or environmentally impacted (positively or negatively) by the operations.
Global Reporting Initiative, GRI 403: Occupational Health and Safety, 2018
UN Sustainable Development Goals relevant for this indicator;
D21
GHG emissions data of portfolio
Yes
Including information on:
Absolute data
Like-for-like data
Intensity data
Portfolio data coverage
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
Determined by materiality , E
Disclosure of Greenhouse Gas emissions facilitate investor carbon foot printing and enables efficient capital allocation to industries with low environmental impacts. In addition, many countries have introduced mandatory GHG emissions reporting, or considering introducing this. Proactive Infrastructure companies and vehicles stay ahead of this trend.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Best practice GHG disclosures are aligned with the GHG Protocol and provide a clear description on the methodology used. Emissions are broken down into Scope I, Scope II (location-based) Scope II (market-based), and Scope III. In addition, emissions are recorded by Infrastructure sector (if the entity is involved in multiple sectors) and/or location, and clearly indicate for which areas data is disclosed/available.
Points are awarded to each selected checkbox option and are then aggregated to calculate the indicator’s final score.
It is not necessary to select all answer options in order to obtain the maximum score for this question.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
This indicator is affected by materiality. Selections made in D-RC1 and D-RC2 will impact the relevancy of the indicator for a constituent and in turn impact scoring too.
Absolute data: An absolute measure of specific operational metrics provided by a firm for the reporting year.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
GHG emissions: GHGs refers to the seven gases listed in the GHG Protocol Corporate Standard: carbon dioxide (CO2); methane (CH4); nitrous oxide (N2O); hydrofluorocarbons (HFCs); perfluorocarbons (PFCs); nitrogen trifluoride (NF3) and sulphur hexafluoride (SF6).
Intensity Data: A measure of the relevant operational metric in absolute value per unit of an appropriate denominator, including but not limited to: revenue and output.
Like-for-like data: A metric that enables comparison of results between years whilst controlling for changes such as expansions and acquisitions of the portfolio that could over or understate the values of one year as compared to another.
Portfolio data coverage: Information about the part of the portfolio for which the data is disclosed. This can be a percentage of the number of assets/facilities covered.
GHG Protocol Scope II Guidance, 2020
Realpac, Whose Carbon is it?, 2010
GRI Sustainability Reporting Standards, (2016): 305-1; 305-4
D22
Water inflows/withdrawal data of portfolio
Yes
Including information on:
Absolute data
Like-for-like data
Intensity data
Portfolio data coverage
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
Determined by materiality , E
Disclosure of water inflows/withdrawal data provides investors with the information to monitor their environmental impact, reduce the burden on potable water consumption and wastewater systems, assess exposure to risks of disruptions in water supplies.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Best practice disclosures would split up water consumption recorded by Infrastructure sector (if the entity is involved in multiple sectors) and/or location, and clearly indicate for which areas data is disclosed/available.
Points are awarded to each selected checkbox option and are then aggregated to calculate the indicator’s final score.
It is not necessary to select all answer options in order to obtain the maximum score for this question.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
This indicator is affected by materiality. Selections made in D-RC1 and D-RC2 will impact the relevancy of the indicator for a constituent and in turn impact scoring too.
Absolute data: An absolute measure of specific operational metrics provided by a firm for the reporting year.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Intensity Data: A measure of the relevant operational metric in absolute value per unit of an appropriate denominator, including but not limited to: revenue and output.
Like-for-like data: A metric that enables comparison of results between years whilst controlling for changes such as expansions and acquisitions of the portfolio that could over or understate the values of one year as compared to another.
Portfolio data coverage: Information about the part of the portfolio for which the data is disclosed. This can be a percentage of the number of assets/facilities covered.
Water inflows/withdrawals: Water drawn into the boundaries of the entity from all sources (including surface water, ground water, rainwater, and municipal water supply) as well as water reuse, efficiency, and recycling, including the entity's consideration of whether water sources are significantly affected by withdrawal of water.
D23
Water outflows/discharges data of portfolio
Yes
Including information on:
Absolute data
Like-for-like data
Intensity data
Portfolio data coverage
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
Determined by materiality , E
The intent of this indicator is to assess the entity’s measurement of water outflows/discharges. The discharge of water can have significant impacts on human health and the environment. Relatively high levels of discharge can potentially create liabilities or regulatory risk.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Best practice disclosures would split up water discharge/pollution recorded by Infrastructure sector (if the entity is involved in multiple sectors) and/or location, and clearly indicate for which areas data is disclosed/available.
Points are awarded to each selected checkbox option and are then aggregated to calculate the indicator’s final score.
It is not necessary to select all answer options in order to obtain the maximum score for this question.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
This indicator is affected by materiality. Selections made in D-RC1 and D-RC2 will impact the relevancy of the indicator for a constituent and in turn impact scoring too.
Absolute data: An absolute measure of specific operational metrics provided by a firm for the reporting year.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Intensity Data: A measure of the relevant operational metric in absolute value per unit of an appropriate denominator, including but not limited to: revenue and output.
Like-for-like data: A metric that enables comparison of results between years whilst controlling for changes such as expansions and acquisitions of the portfolio that could over or understate the values of one year as compared to another.
Portfolio data coverage: Information about the part of the portfolio for which the data is disclosed. This can be a percentage of the number of assets/facilities covered.
Water outflows/discharges: Discharge of water to water bodies (e.g. lakes, rivers, oceans, aquifers and groundwater) or to third-parties for treatment or use.
CDP, Water Questionnaire, 2017
Global Reporting Initiative, GRI 303: Water, 2016
UN Sustainable Development Goals relevant for this indicator;
D24
Waste data of portfolio
Yes
Including information on:
Absolute data
Like-for-like data
Intensity data
Portfolio data coverage
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
Determined by materiality , E
Disclosure of waste data provides investors with valuable insights into the environmental impacts investment portfolios have.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Best practice disclosures would split up waste production by Infrastructure type (if the entity is involved in multiple sectors) and disposal route and clearly indicate for which percentage of asset data is disclosed/available.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Absolute data: An absolute measure of specific operational metrics provided by a firm for the reporting year.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Intensity Data: A measure of the relevant operational metric in absolute value per unit of an appropriate denominator, including but not limited to: revenue and output.
Like-for-like data: A metric that enables comparison of results between years whilst controlling for changes such as expansions and acquisitions of the portfolio that could over or understate the values of one year as compared to another.
Waste production data: Data obtained through monitoring the waste production associated with the asset/company portfolio. The operational waste production of assets/facilities leads to substantial environmental impact. Monitoring waste data is an important basis for reducing this impact.
RobecoSAM Corporate Sustainability Assessment (2017): 4.2.5, Waste
D25
Employee satisfaction survey during the last three years, if undertaken
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , S
Infrastructure companies and vehicles that take action to understand employee satisfaction are prone to have a better understanding of critical issues within the business and can engage with staff to facilitate needs and thus improve employee retention.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
A best practice example would include the date of the most recent employee survey, the percentage of employees covered, and the regularity with which the surveys are carried out, as well as the outcomes/action items derived from this survey.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Employee Satisfaction Survey: Survey measuring overall and work‐specific employee satisfaction at the individual and organizational levels. The survey should directly address employee concerns and include the opportunity to provide recommendations for improvement.
GRESB only accepts employee satisfaction surveys undertaken in the past three years based on the reporting year provided in the Entity Characteristics of your entity. Select "manage" in your assessment view of the portal to adjust this for any entity
GRI Sustainability Reporting Standards, (2016): 102-43, Approach to stakeholder engagement
D26
Involvement in sustainability related customer engagement programs/initiatives
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , S
An effective customer engagement program facilitates communication with the customers, and can bring to light sustainability concerns and suggestions which can be integrated into operational and ESG decision-making. This can ultimately allow a company to be aware and stay ahead of trends that may have otherwise threatened its license to operate.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Such engagement could deal with topics such as air pollution or waste for example.
The engagement ideally improves the satisfaction and awareness of the customer, allowing them to come back with feedback that would not have been received otherwise.
A best practice example would include:
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Customer engagement programs/initiatives: Customer engagement is meant to increase the satisfaction of customers and their concerns. An effective engagement program facilitates communication with the customers of the asset and its output. An infrastructure company can become aware of a wider range of sustainability related concerns and suggestions which can be integrated into operational and ESG decision-making. Thereby reducing risks such as the license to operate and capitalizing on other opportunities as a result of it.
Examples of sustainability related customer engagement programs include, but are not limited to, sponsoring or organizing events on awareness for environmental or social issues.
SASB-Real Estate Owners, Developers & Investment Trusts (March 2016): IF0402-12
GRI Reporting Standards, 2021: 2-29, Approach to stakeholder engagement
D27
Customer satisfaction survey during the last three years, if undertaken
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , S
This indicator examines if the organization discloses if it engages with customers regarding their satisfaction in a structured manner. Increased customer satisfaction leads to increased customer retention ratios, thus improving the revenue prospects and financial risk for Infrastructure companies and vehicles.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
A best practice example would include the date of the most recent customer survey, the percentage of tenants covered, and the regularity with which the surveys are carried out, as well as the outcomes/conclusions of this survey.
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Customer satisfaction survey: A written survey conducted by the entity, or by a third party on its behalf, which gives the customer the opportunity to provide feedback on the services provided.
GRESB only accepts customer satisfaction surveys undertaken in the past three years.
GRI Reporting Standards, 2021: 2-29, Approach to stakeholder engagement
D28
Actions of community engagement program, if undertaken
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , S
Fostering relationships with local stakeholder communities strengthens the reputation of Infrastructure companies and vehicles.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Community engagement program: Strategies used by the entity to support communities associated with its operations, such as supporting charities and community groups, enhancement programs for public spaces, or facilitating local employment creation.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
A best practice example would entail the following:
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
EPRA Best Practices Recommendations on Sustainability Reporting, 3rd version, September 2017: 5.9
D29
Involvement in other stakeholder (i.e Investors, Regulators, Suppliers) sustainability related engagement programs/initiatives
Yes
Please disclose where the information can be found
URL____________
Indicate where in the evidence the relevant information can be found____
No
3.1 points , S
Effective stakeholder engagement programs are often critical in preventing or addressing controversy that may create regulatory risks, legal liabilities, or undermine the entity’s social license to operate and maximizing opportunities for creating shared value. An effective engagement program with other stakeholders outside of employees, customers and the direct local community is a sign of a company considering the effects of its operations from an ESG lens across the broader spectrum. It can good awareness for the various channels that risks, and opportunities may stem from. This can ultimately allow a company to be aware and stay ahead of trends that may have otherwise threatened its operations.
Select yes or no. If yes, disclose where the online information can be found.
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Such engagement could deal with topics such as air pollution or waste for example.
The engagement ideally improves the relationships with stakeholders, allowing them to come back with feedback that would not have been received otherwise.
A best practice example would include:
The answer options are validated using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
Disclosure: The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure must be external and cannot be an internal and/or ad hoc communication within the participating entity.
Engagement programs/initiatives: Programs that raise awareness or start a discussion with a stakeholder of the infrastructure company or vehicle.
Examples of sustainability related engagement programs include, but are not limited to, engaging with suppliers and/or contractors regarding their sustainability practices when procuring material or working for the respective infrastructure company or vehicle.
SASB-Real Estate Owners, Developers & Investment Trusts (March 2016): IF0402-12
GRI Reporting Standards, 2021: 2-29, Approach to stakeholder engagement