Disclaimer: GRESB Real Estate Lender Assessment Scoring Document
The GRESB Real Estate Lender Assessment Scoring Document accompanies the GRESB
Real Estate Lender Standard and Reference Guide and is published as a standalone
document. The Scoring Document reflects the opinions of GRESB and not of
our members. The information in the Scoring Document 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 Scoring Document prior to its
publication. While we do not anticipate major changes, we reserve the right
to make modifications to the Scoring Document. We will publicly announce
any such modifications. The Scoring Document 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 Scoring Document. Except where stated
otherwise, GRESB is the exclusive owner of all intellectual property rights
in all the information contained in the Scoring Document.
Purpose of this Document
The 2025 GRESB Real Estate Lender Scoring Document provides a comprehensive explanation of how individual indicators are scored within the Real Estate Lender Assessment. It is designed to complement the Reference Guide, which outlines the specific reporting requirements for each indicator. Together, these documents help participants understand the assessment criteria, meet reporting requirements, and interpret their scores effectively.
GRESB Scoring Model
Scoring within the GRESB Real Estate Lender Assessment is fully automated and completed without manual intervention. The maximum score for the Real Estate Lender Assessment is 100 points, distributed across components as follows:
Lender Benchmark
- Management Component: 94 points
- Performance Component: 6 points (only the Aspect Targets is scored in 2025)
Each indicator is categorized under one of three ESG dimensions: Environmental (E), Social (S), or Governance (G). The table below shows the score breakdown for each component across these dimensions:
| Component |
E
(Environmental) |
S
(Social) |
G
(Governance) |
| Management |
21% |
12% |
67% |
| Performance |
100% |
0% |
0% |
Indicator Score Breakdown
Each indicator within the GRESB Real Estate Lender Assessment is assigned a specific scoring weight. The maximum score an entity can achieve for each indicator depends on several factors, with the scoring process incorporating scoring weights and score multipliers.
Scoring Weights
For some indicators, scoring is based solely on the cumulative sum of the scoring weights assigned to the indicator's elements. These weights, displayed in red on the left side of each indicator, represent the allocation of total available points per indicator according to the priorities established by the GRESB Foundation, aligning with market trends and sustainability best practices.
Oftentimes, not all elements within an indicator need to be selected to achieve full points. If the sum of weights exceeds the indicator's maximum score, the score will be capped at that maximum. The score for these indicators is determined as follows:
Indicator score = [ (Sum of scoring weights) ] × (Maximum score for the indicator)
Example: Indicator LLE3 (3 points). Each applicable action contributes a specific scoring weight; Deriving an impact analysis of new construction/major renovation holds a scoring weight of 1/6.
If an entity chooses three applicable actions, the calculation will read as follows:
When indicators have options and sub-options, the scoring weight for each sub-option is first summed, and the resulting value is multiplied by the main fraction assigned to the main option. The final score is the cumulative sum of these weighted sub-options across all main options within the indicator, multiplied by the indicator's maximum points.
Indicator score = [ (Sum of the sub-option scoring weights for each main option) × (Main option weight for each option) ] × Maximum score for the indicator
Example: indicator LLE1 - ESG leadership commitments (1 point). The indicator consists of two main options, where the first option has a weight of 3/4 and the second option carries a weight of 1/4. Within each main option, there are several sub-options, each with its own assigned weight. If an entity chooses five elements within General ESG commitments, and two elements within Net Zero commitments, the calculation would read as:
Multipliers
The score of other indicators is further adjusted by applying multipliers that either increase or decrease the indicator’s score. Multipliers are classified into different categories:
Validation Status:
- Evidence: If supporting evidence for indicators is fully accepted, it results in the application of the full multiplier (100%) to the indicator's score. If supporting evidence is partially accepted, it results in a reduced multiplier (50%). If the evidence is not accepted, the multiplier is set to 0, regardless of the original selection.
Coverage Percentages: The coverage percentage reported is used as a multiplier to determine the assigned score. This multiplier applies to the scoring of the following indicators:
- Percentage of employees: LSE1, LSE2, LSE3.2 and LSE4
Multiplier Example
For indicators with a single multiplier, the final score is calculated using the following formula:
Indicator score = [ (Sum of scoring weights) × Multiplier ] × Maximum score for the indicator
Example: Indicator LLE5 - Personnel ESG Performance Targets (2 points). Each selected personnel group contributes a specific scoring weight. It is mandatory to upload evidence that supports the entity’s selections. The evidence’s validation status (i.e., accepted, partially accepted or not accepted) is associated with a scoring weight that is used as a multiplier to determine the final score. Governing bodies and leadership roles hold a scoring weight of 3/8, and investment and ESG professional roles hold a scoring weight of 2/8.
If an entity chooses two governing bodies and one ESG professional, but its evidence is given a partially accepted validation status (multiplier: 0.5), the calculation would be as follows:
Static scoring
All indicators are scored using static weights, meaning predefined values are used to assess a portfolio's performance. In these cases, the points assigned to an indicator are fixed based on the number of selections chosen and the corresponding multipliers, where applicable. The scoring outcome remains unaffected by the participant's relative performance compared to its benchmark group. Instead, these indicators are assessed based on whether the participant meets certain predefined criteria.
Static scoring applies to all indicators in the 2025 GRESB Real Estate Lender Assessment:
- Management Component: all indicators
- Performance Component: all scored indicators (Targets). Note that the indicators EN1, GH1, BC1.1, BC1.2, BC2 and indicators within the Aspect Construction Lending are not scored in 2025. For further details, refer to each individual indicator description.
These indicators can be answered with ‘Yes, ‘No’ and, in some cases, ‘Not applicable.’ From a scoring perspective, ‘Not applicable’ is treated the same way as ‘No’ and will yield 0 points.
Note that it is not possible to estimate the points obtained for indicators subject to manual validation.
Additional clarifications
Open text boxes are not used for scoring purposes but are intended for additional reporting or explanatory purposes.
It is not possible to estimate the GRESB Score due to the influence of validation decisions.
Management: Leadership
Management: Policies
Management: Reporting
Management: Risk Management
Management: Stakeholder Engagement
Performance: Targets![[TargetsTable]](/images/tables/targets_table/y2020-8c992e9c.svg)
![[NZTargetsTable]](/images/tables/nztargets_table/y2023-ff526251.svg)
Performance: Energy
Performance: GHG
Performance: Building Certifications