2016 gresb assessment health and well-being module

2016 GRESB Assessment Health & Well-being Module

Systematic assessment

Objective scoring

Peer benchmarking

Real Estate Assessment

Developer Assessment

Health & Well-being

Module

Real Estate Debt

Assessment

Green Bond Guidelines

Fund Assessment

Asset Assessment

Performance-Based Metrics

Asset InformationEnergyGHGWaterWaste

Third-Party Information

CertificationsRatingsAwardsOther

Asset Portal Products

Q2 2016:

Improved Data Feed

Q3 2016:

Portfolio View on AssetsPerformance BenchmarkEnergy Rating Benchmark

API Ecosystem

5 – 10 AdditionalIntegrations

Portfolio Assessment Coverage

ConsumptionIntensity

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Health, well-being, and real estateWhy, what, and how?

Which companies and funds are leading in the promotion of health and well-being?

Health is the new carbonThe society/public sector bears most of the outcomes of health

issues (comparable to the carbon externality)

Healthcare spending as % of GDPU.S. – 17.1%U.K. – 9.1%Germany – 11.3% Netherlands – 12.9%

Value of lost output and productivity due to cardiovascular disease, cancer, diabetes, chronic respiratory disease and mental illness USD47 trillion globally from 2011-2030 (Bloom et al, 2011)

What we knew: carbon = buildings90% of electricity consumption in buildings

What we are realizing: health = buildings(90% of time is spent indoors)

And:Buildings determine commuting choiceBuildings determine physical activity during dayBuildings determine food choices during day

Effects of air qualityEvidence from the (surprisingly limited) scientific literature

C02 above 1,000 ppmEffects on cognitive performanceWorse decision-making performanceHealth symptoms

Effects have been measured forOfficeRetailSchools

Air pollution causing school absenceIAQ-specific renovations linked to improvements in school tests

Source: Stafford (2015)

CO2 levels in most important academic studies

Democratizing dataIEQ as a liability

What if employees/clients/customers/students

were able to measure the indoor environmental quality?

Health & well-being is the next megatrendSo: the real estate sector should take notice

Health and well-being are emerging as important sources of opportunity and risk for real estate investors

Investors, property companies and fund managers lack adequate relevant indicators and benchmarking tools at the portfolio level

New metrics can better represent on-going activities and motivate more effective, intentional action to promote health and well-being

Health and well-beingDefinition and Scope

DefinitionPhysical, mental, and social well-being – not merely the absence of diseaseBeyond occupational safety or a single, specific mechanism (e.g., IAQ)

ScopeIndividuals and populations influenced by the design, construction, and operation of built environments, including employees, customers, communities, and supply chains

Health and well-being already part of GRESB2015 GRESB Real Estate Assessment• Q11: employee policy• NC4.1: communication with

local community• NC3: site development

requirements• NC5: construction materials

• Q15.1 and Q15.2: risk assessments • Q42.1: community engagement

program• NC9: building measures on health &

well-being• NC13.1: on-site occupational H&S

management system

• Q21.1: data management system• Q35.1 and Q35.2: health and safety

checks• Q42.2: impact on community• Q42.3: monitoring community

engagement• NC 4.2: impact on local community• NC 13.2: occupational H&S indicators• NC14: socio-economic impact of

development projects on community

Plan Do

CheckAct

(Existing) LeadershipHealth & Well-being

LeadershipCancer screening for construction workers

LeadershipReducing toxic exposures for employees and tenants

LeadershipEnhancing well-being

Health and well-being moduleNew in 2016

Health and Well-being ModuleAvailable as part of the 2016 GRESB Real Estate and Developer Assessment

Promote employee health and well-being

Promote employee health and well-being

+Promote health and well-being through products and services

Promote health and well-being through products and services

Promotion of health through products and services

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Health & well-being moduleTen indicators

1. Health and well-being policies and targets

2. Qualified leadership and accountability

3. Understanding of needs4. Implementation of actions5. Performance monitoring6. Awards7. Financial liabilities

Action itemsNext Steps

1. Check out the Health & Well-being Module 2. Participate in the GRESB Real Estate/Developer

Assessment3. Opt-in to the Health & Well-being Module4. Complete full assessment and module before the deadline5. Get results in September!

[email protected]@gresb