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Presenter slides - 2018 GRESB | Siemens Sustainable Real Assets Conference - London

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April 25, 2018 at The Crystal, hosted by Siemens
Slides from London conference [excluding GRESB and Siemens]

3 - Caroline Field, Resilience Practice Leader, MMI Engineering
32 - Peter van den Tol, Fund Manager Listed Real Estate EU, MN Services
54 - Ashley Hegland, Sustainable Development Advisor, Swire Properties Limited
73 - Jorge Chapa, Head of Market Transformation, GBCA
94 - Chris Broadbent, Director of CEEQUAL and BREEAM Infrastructure, BRE
104 - James Lockhart Smith, Head of Financial Sector Risk, Verisk Maplecroft
111 - Richard Look, Resilience Capacity Building, Strategic Risk Management and Contingency Planning, MMI Engineering

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Presenter slides - 2018 GRESB | Siemens Sustainable Real Assets Conference - London

  1. 1. SUSTAINABLE REAL ASSETS CONFERENCES 2018 RESILIENCE
  2. 2. S E S S I O N 1 Resilience: what is it and why is it impor tant for the real estate and infrastructure sector s? C a r o l i n e F i e l d R e s i l i e n c e P r a c t i c e L e a d e r M M I E n g i n e e r i n g I n t e r v i e w e d b y J o n a t h a n B r a s s e S e n i o r E d i t o r , P E R E
  3. 3. Resilience: Future Proofing Investments Caroline Field, MSc BEng MICE PE RSES Resilience Practice Leader, MMI Chair BSI City Resilience Standard
  4. 4. engineers scientists innovators ISO RESILIENCE DEFINITION “The ability to absorb and adapt in a changing environment”
  5. 5. engineers scientists innovators The changing perspective of resilience. Traditional •Shock response/recovery focus •Reactive Contemporary •Mitigation & response •Horizon Scanning •Shocks & Stresses •Prevention and sustainability Pioneering •Agility •Resilience in the round •Competitive advantage •Resilient business model linked to value
  6. 6. engineers scientists innovators WHY RESILIENCE? Image Timothy Hursley
  7. 7. engineers scientists innovators Geopolitics Image Timothy Hursley
  8. 8. engineers scientists innovators Urbanisation & Demographics
  9. 9. engineers scientists innovators Climate Change Image: Antony Field
  10. 10. engineers scientists innovators Natural Hazards
  11. 11. engineers scientists innovators Technology A r t i f i c i a l I n t e l l i g e n c e A u t o m a t i o n 3 D P r i n t i n g
  12. 12. engineers scientists innovators Malicious Hazards
  13. 13. engineers scientists innovators CITY RESILIENCE
  14. 14. engineers scientists innovators British Standard BS 67000 Fundamentals
  15. 15. engineers scientists innovators British Standard BS 67000 Traditional Contemporary Pioneering 5.2 Assess & Prioritize 5.3 Plan & Prepare 5.5 Continuously Improve 5.1 Organize & Define 5.4 Partner & Deliver Secure & Protect Respond & Recover Prevent Sustain & Enhance Integrate & Adapt Innovate & Accelerate
  16. 16. engineers scientists innovators INFRASTRUCTURE RESILIENCE CUSTOMERS Financial CorporateOperational
  17. 17. A resilient business is adaptive, agile, robust and competitive ORGANISATIONAL RESILIENCE
  18. 18. engineers scientists innovators ADAPTABILITY M o b i l i t y T e c h n o l o g y L o a d i n g W o r k P a t t e r n s P r o c e s s U s a g e
  19. 19. engineers scientists innovators Leadership & Operational AGILITY -15 -5 5 15 25 35 45 Initial Results for Adaptive Capacity Survey Continuous Improvement Process Engineering Comprehensive Situational Awareness Organisational Change Management External collaboration Flat Structure Technology enhanced flexible working Open communication of Ideas Fair Accountability Early communication Empowered Risk Governance Strategic Risk Management Healthy Communication Innovation Strategy Foster Innovation Broad Value Targets Always refer up Create and Protect Value Horizon Scanning Diversity Positive Consistency of Leadership Strength of Leadership Confidence in Leadership Leadership Belief Identity Engagement in Strategy Strategy Vision Alignment Leadership Risk Management Integration & Inclusion Information Management Reflection & Learning
  20. 20. engineers scientists innovators Seize Opportunities for COMPETITIVE advantage
  21. 21. engineers scientists innovators Measures to mitigate risk and build a ROBUST business DIAGNOSTIC DIAGNOSTIC G o v e r n a n c e & O p e r a t i o n s E n g i n e e r i n g M i t i g a t i o n P l a n n i n g , P r e p a r a t i o n & Tr a i n i n g
  22. 22. engineers scientists innovators INTEGRATED & INCLUSIVE Image: BuroHappold
  23. 23. engineers scientists innovators RESILIENCE DEMAND RESILIENCE CAPACITY SHOCKS STRESSES MITIGATION ADAPTIVE CAPACITY Financial QualityReputation CultureSustainability ICT Systems & Resources Products & Services People & Culture Controls, Rules & Regulations Management & Operations Community & Society Financial Systems & Assets Research & Innovation Market & Customers Leadership &Governance Logistics, Partners & Suppliers Physical Assets & Resources Aging Demographic Climate Change Cyber Health Infrastructure Rapid Population Growth Terrorism Globalization Weather Health Protect Robust Diversify Fail Safe Leadership Learn & Improve Recovery Response Awareness Urbanization A resilient business model linked to value outcomes.
  24. 24. engineers scientists innovators Where is resilience most needed?
  25. 25. engineers scientists innovatorsengineers scientists innovators Improve redundancy of power supply Review & Improve infrastructure adaptability Customer Outreach & Education Innovation strategy to embrace automation and integrate with operations and infrastructure Increase protection of IT system Move to flatter management structure Engineered situational awareness Consolidate security, risk and business continuity into resilience department Communication & training Diversification of Mobility Options Evaluation of expansion options Improve Data Collection & Sharing – information management system Scenario Workshops Risk management alignment to company value delivery Prioritising Investment. INTEGRATED INCLUSIVE DURABLE REFLECTIVE ADAPTIVE SHORT MEDIUM LONG Customer Feedback & Learning Lessons learned workshops
  26. 26. engineers scientists innovators Predicting return on investment. 0 to 18 months 18 months to 3 years 3 to 6 years 6 to 15 years 15 years + Annualised potential increase in productivity Evaluation of expansion options Diversification of mobility options Innovation Strategy to embrace automation and integrate with operations and infrastructure Increase protection of IT system Improve redundancy of power supply Review & Improve infrastructure adaptability Consolidate security, risk, business continuity and strategy into resilience team Engineered situational awareness Scenario workshops Strategic risk management Move to a flatter management structure Improve data collection & sharing - information management system Community & training
  27. 27. engineers scientists innovators Future Proofing Investments. -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% 5 Year Income 15 Year Income 30 Year Income 5 Year Costs 15 Year Costs 30 Year Costs Self Drive Cars Electric Cars Electronic/ Biometric ID Mobile Technology – VR, ER Increasing size and range of aircraft Electric planes Personalised Air Transport Automictic vending AI Brexit Deregulation Taxation Terrorism Employment – AI unemployment – welfare – focus on front facing services Government unable to fund customs and boarder Working and non working class Greater gap between rich and poor Workers – skills shortages Loss of corporate knowledge AI Housing – pressure on green belt Growth of Bristol – urbanisation Factors reducing costs Factors reducing income Factors increasing costs Factors increasing income
  28. 28. engineers scientists innovators • Facilitates clear decision making and prioritisation of resources • Increase strategic adaptability, agile leadership and robustness • Provides business case for investing in resilience measures • Leads to the realisation of competitive advantage. Realise the full benefits of investing in resilience.
  29. 29. Engineering a Safer World cfield@mmiengineering.com
  30. 30. SUSTAINABLE REAL ASSETS CONFERENCES 2018 RESILIENCE
  31. 31. S E S S I O N 2 How resilience translates into oppor tunity and risk for investor s, manager s and operator s M o d e r a t o r : B e t h A m b r o s e D i r e c t o r U p s t r e a m S u s t a i n a b i l i t y S e r v i c e s J L L P e t e r v a n d e n T o l F u n d M a n a g e r L i s t e d R E E U M N S e r v i c e s M i c h a e l B r o o k s C E O R E A L P A C N i a m h M c B r e e n I n v e s t m e n t D i r e c t o r A M P C a p i t a l I n v e s t o r s A s h l e y H e g l a n d S u s t a i n a b l e D e v e l o p m e n t A d v i s o r S w i r e P r o p e r t i e s L i m i t e d
  32. 32. MN – Resilience Real Assets 25th of April 2018
  33. 33. 1. MN 2. MN Investment Beliefs 3. Resilience: 4 Investment Themes
  34. 34. @ MN we: Ensure financial future of 2 mio people Manage more than € 130 billion globally Provide pension, social schemes & insurance 34 institutional clients, 35.000 employers Focus on people & environment
  35. 35. 4MN - Future proof RE Investing25th of April 2018 Introduction
  36. 36. 5 Conviction Long Term Focus & Responsibility Targets Invest with Impact & ESG-integrated Policies MN-Pillars Close Client Dialogue & Active Ownership Real Assets Specific (Climate) Risk Assessments & Enhance Sector Transparancy MN Investment Beliefs
  37. 37. 6 MN Investment Beliefs Impact Investments on our World Impact World on our Investments MN - Future proof RA Investing25th of April 2018
  38. 38. 7 4 Main Investment Themes • Affordability • Circular Economy MN - Future proof RA Investing25th of April 2018 Energy Transition • Climate Risk Assessments •
  39. 39. 8 Affordability MN - Future proof RA Investing25th of April 2018 • Affordable housing • Neighbourhood improvements Focus: Mid-level rents • Apartment improvements •
  40. 40. 9 Affordability – improvements MN - Future proof RA Investing25th of April 2018 • Improving energy performance of assets • Greening up open spaces • Adding playgrounds • Adding terraces Example: Vonovia – Preußwald, Aachen
  41. 41. 10 Energy Transition – Real Estate MN - Future proof RA Investing25th of April 2018 • Greening up housing portfolio • Target 100% Green Label >75% Green Label • Reduces CO₂ impact •
  42. 42. 11MN - Future proof RE Investing25th of April 2018 MN - Future proof RA Investing25th of April 2018 Greening up Housing Stock
  43. 43. 12MN - Future proof RE Investing25th of April 2018 MN - Future proof RA Investing25th of April 2018 Greening up Housing Stock
  44. 44. 13 Energy Transition - Infra MN - Future proof RA Investing25th of April 2018 • Renewable energy production • Rebalancing local over-production Energy networks • Energy Storage •
  45. 45. 14 Energy Transition – Storage MN - Future proof RA Investing25th of April 2018
  46. 46. 15 Circular economy MN - Future proof RA Investing25th of April 2018 • RE: >100 yr durability structure • Efficient & dismountable facade Adaptable climate systems • 100% recycling batteries •
  47. 47. 16 Climate Risk Assessments MN - Future proof RA Investing25th of April 2018 • Transition risk • ESG, energy efficiency Physical risk • Flood, earthquake, storm •
  48. 48. 17 Climate Risk Assessments – GRESB MN - Future proof RA Investing25th of April 2018 • Portfolio level Weighted GRESB analyses • Peer-specific ‘under scoring’ active company dialogue Company level analyses versus Peers • Non-listed: GRESB participation = mandatory •
  49. 49. 18 Climate Risk assessment: Flood, Netherlands MN - Future proof RA Investing25th of April 2018 • High risk: 0 % exposure • Mid risk ~ 35 % exposure • Low risk: ~ 80 % exposure
  50. 50. 19 Conviction Long Term Focus & Responsibility Targets Invest with Impact & ESG-integrated Policies MN-Pillars Close Client Dialogue & Active Ownership Real Assets Specific (Climate) Risk Assessments & Enhance Sector Transparancy MN Investment Beliefs
  51. 51. 20MN - Future proof RA Investing25th of April 2018 Financial & Social Return go hand in hand ESG-Integration reduces risk
  52. 52. Financial & Social Return go hand in hand ESG-Integration reduces risk
  53. 53. SUSTAINABLE REAL ASSETS CONFERENCES 2018 RESILIENCE
  54. 54. GRESB | Siemens Resilience Conference 25 April 2018 © Swire Properties Limited
  55. 55. 55 GRESB | Siemens Resilience Conference 25 April 2018
  56. 56. 56 GRESB | Siemens Resilience Conference 25 April 2018
  57. 57. 57 GRESB | Siemens Resilience Conference 25 April 2018
  58. 58. 58 GRESB | Siemens Resilience Conference 25 April 2018
  59. 59. “To be the leading sustainable development performer in our industry globally by 2030”
  60. 60. 61 GRESB | Siemens Resilience Conference 25 April 2018
  61. 61. 62
  62. 62. 63
  63. 63. 64
  64. 64. 65 GRESB | Siemens Resilience Conference 25 April 2018
  65. 65. 66 GRESB | Siemens Resilience Conference 25 April 2018
  66. 66. 67 GRESB | Siemens Resilience Conference 25 April 2018
  67. 67. 68 GRESB | Siemens Resilience Conference 25 April 2018
  68. 68. 69 GRESB | Siemens Resilience Conference 25 April 2018
  69. 69. 70 GRESB | Siemens Resilience Conference 25 April 2018
  70. 70. SUSTAINABLE REAL ASSETS CONFERENCES 2018 RESILIENCE
  71. 71. S E S S I O N 4 What are key innovators working on right now in the world of resilience? M o d e r a t o r : C h r i s P y k e R e s e a r c h O f f i c e r U . S . G r e e n B u i l d i n g C o u n c i l J o r g e C h a p a H e a d o f M a r k e t T r a n s f o r m a t i o n G B C A C h r i s B r o a d b e n t D i r e c t o r o f C E E Q U A L a n d B R E E A M I n f . B R E J a m e s L o c k h a r t S m i t h H e a d o f F i n a n c i a l S e c t o r R i s k V e r i s k M a p l e c r o f t M u r r a y B i r t V i c e - p r e s i d e n t , S e n i o r E S G S t r a t e g i s t D W S D e u t s c h e A s s e t M a n a g m e n t ( U K ) L t d R i c h a r d L o o k R e s i l i e n c e C a p a c i t y B u i l d i n g , S t r a t e g i c R i s k M a n a g e m e n t a n d C o n t i n g e n c y P l a n n i n g , M M I E n g i n e e r i n g
  72. 72. Resilience in the built environment Jorge Chapa Head of Market Transformation Green Building Council of Australia @jochapa
  73. 73. Who is the GBCA? Since 2002, we have driven real change by creating market-based solutions that empower industry to embrace sustainable practices. GBCA is an industry association dedicated to transforming the built environment.
  74. 74. What is Green Star? From individual buildings to entire communities, Green Star is transforming our built environment to create sustainable places for everyone. Green Star is an internationally recognised sustainability rating system.
  75. 75. Barangaroo South Sydney, NSW World Leadership
  76. 76. Stockland Wetherill Park, Sydney, NSW World Leadership
  77. 77. Defining resilience in the built environment Business continuity Asset value People Community
  78. 78. Identify risks and attach value Implementation plan is created Management process is developed Plan is implemented over time Resilience demands engagement, planning, and implementation
  79. 79. Thank You gbca.org.au
  80. 80. Resilience
  81. 81. Critical infrastructure – Finance – Food – Government – Health – Space – Transport – Water – Chemicals – Civil Nuclear – Communications – Defence – Emergency – Services – Energy
  82. 82. CEEQUAL (2018) – Strategy and project management – Risk and resilience – Communities and stakeholders – Ecology and biodiversity – Land use – Landscape – Historic Environment – Pollution prevention – Energy use and carbon emissions – Materials and waste – Water use – Transport impacts
  83. 83. Resilience and CEEQUAL (2018) Res 02 Risk assessment an mitigation Climate change Flood and run-off Business continuity Natural hazards Intentional threats Future needs
  84. 84. Risk based approach
  85. 85. What will CEEQUAL (2018) reward
  86. 86. BRE Centre for Resilience ‘to provide a place for the sector to research, learn, develop new standards and create the next generation of resilient materials, products, designs and innovations that will ensure the robustness and longevity of our built infrastructure.’
  87. 87. BRE Centre for Resilience • Conducting research in resilience • Trialling and testing innovations • Communication and disseminating knowledge • Developing new training and accreditation • Creating new standards
  88. 88. Awareness, Skills and Verification Flood Resilience Surveyors Flood Resilience Materials Verification Asset Managers Awareness Training Flood Resilience Installer Skills Training Property Flood Resilience Database http://bregroup.com/expertise/resilience/
  89. 89. Chris Broadbent Director, CEEQUAL and BREEAM Infrastructure Chris.Broadbent@bre.co.uk Chris.Broadbent@ceequal.com +44 (0)1923 664958 www.ceequal.com www.breeam.com www.bre.co.uk A628 near Howden Moors in Derbyshire, by Highways England on Flickr | CC BY 2.0 Thank you!!
  90. 90. SUSTAINABLE REAL ASSETS CONFERENCES 2018 RESILIENCE
  91. 91. © Verisk Maplecroft 2018 111Maplecroft.comRisk Resilience Reputation How well are real estate investors managing ESG & resilience risks? Answers from a geographic risk dataset 25 April 2018
  92. 92. © Verisk Maplecroft 2018 222Maplecroft.com Mapping 24 GRESB adaptation categories against underlying risks Conclusion: across ESG, real estate is least adapted to environmental risks Environmental Social Governance Sources: GRESB, 2018; Verisk Maplecroft, 2018 Adaptation vs. risk exposure across the GRESB universe by GRESB adaptation category
  93. 93. © Verisk Maplecroft 2018 333Maplecroft.com Water management Is adaptation adequate to risk at the city level? London less exposed than NYC & Sydney, but water & climate risk stand out for both London New York Sydney Climate change adaptation Building-related H&S & wellbeing Flooding Other natural hazards Transportation risks 0 10 Risk 0 10 Adaptation Biodiversity & habitat
  94. 94. © Verisk Maplecroft 2018 444Maplecroft.com Who are Verisk Maplecroft? 70+ 30+ 100 30+40+ 40+ 5+ 198 Independent research and proprietary data Analysts Years of data Economic risk indices Commodities Social risk indicesPolitical/governance risk indices Environmental risk indices Countries • Founded in 2001 • Work with institutional investors, banks and corporates • Focus on forward-looking holistic analysis across multiple asset classes • The leading global dataset on country/subnational ESG+P risk • On-the-ground expert research and advisory • Used for risk management and alpha generation
  95. 95. © Verisk Maplecroft 2018 555Maplecroft.com Disclaimer • This report has been prepared by Verisk Maplecroft. The report is intended solely for the benefit of the listeners and its contents and conclusions are confidential and may not be disclosed to any other persons or companies without Verisk Maplecroft’s prior written permission. • The information upon which this report is based comes from our own experience, knowledge and databases. The opinions expressed in this report are those of Verisk Maplecroft. They have been arrived at following careful consideration and enquiry but we do not guarantee their fairness, completeness or accuracy. The opinions, as of this date, are subject to change. We do not accept any liability for your reliance upon them. Strictly private and confidential
  96. 96. © Verisk Maplecroft 2018 666Maplecroft.com
  97. 97. SUSTAINABLE REAL ASSETS CONFERENCES 2018 RESILIENCE
  98. 98. Engineering a Safer World Resilience assessment of large infrastructure Richard Look, BSc MEPS CBCI Senior Consultant Mobile: +44 (0) 7860 841 077 Email: rlook@mmiengineering.com Web: www.mmiengineering.com
  99. 99. changing perspective of resilience Traditional View Contemporary View Pioneering View Secure and Protect Respond & Recover Prevent Sustain & Enhance Integrate & Adapt Innovate & Accelerate
  100. 100. Value •Financial •Utility •Quality •Chronology •Social & Narrative •Environmental What is valued •USPs •Assets & Supporting Systems •Social Systems •Operational Systems •etc What creates and protects that value
  101. 101. Vulnerability Hazard Path Receptor Exposure Vulnerability
  102. 102. Vulnerability
  103. 103. Demand (Hazard & Exposure) I n f r a s t r u c t u r e H e a l t h N a t u r a l S e c u r i t y Te c h n o l o g i c a l S o c i e t a l H a z a r d s EXPOSURE IM PACT PROBABILI TY
  104. 104. Capacity Fundamentals
  105. 105. Scenario Planning Change Self Drive Cars Electric Vehicles Electronic/ Biometric ID Virtual Reality, Enhanced Reality Size and Range of Aircraft (Space?) AI Brexit and Devolution Deregulation Terrorism Automation of the workforce Income inequality Skills shortages Demographic Change - Aging Climate Change Globalisation Migration Urbanisation & Housing Pollution, Waste and Environmental Toxicity
  106. 106. Rating & Action
  107. 107. SUSTAINABLE REAL ASSETS CONFERENCES 2018 RESILIENCE
  108. 108. P A R T N E R S E V E N T P A R T N E R S : G L O B A L M E D I A P A R T N E R S : L O C A L M E D I A P A R T N E R :

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