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GRESB Infrastructure Release - London Sept 7, 2015
- 2. Infrastructure is on everyone's agenda nowadays, and for good reasons
- 3. Standardization and harmonization to increase efficiency and improve quality
- 4. Building a global standard by using what is available
- 5. Measuring and benchmarking will lead to better ESG performance
- 6. A long term asset class A long term commitment
- 7. 7 Join GRESB Infrastructure to pioneer a global standard
- 8. 8 enterprise portfolio asset ENTERPRIS E PORTFOLIO ASSET I N F R A S T R U C T U R E Capital market DEBTEQUITY $ DATA
- 9. 9
- 10. 10
- 11. 11 Scorecard Benchmark Report Portfolio Analysis
Editor's Notes
- Growing important role of infrastructure Stakeholders: Government, Institutional Investors, Asset Managers, the general public including our pensioners Key to sustainable economic growth – large impact on budgets - Junker plan In addressing societal challenges like climate change, addressing needs for clean and affordable energy, water, waste management transport and care Our growth ambition for infra Our ambition to double investments in renewables Changing nature of the investments: from fund investment to direct investments and more concentrated ownership -> more responsibility for institutional investors Long term nature of infrastructure Asset lives that can span several decades This is well aligned with the liabilities of our pension fund client However, this puts additional importance on deep understanding before investing and monitoring during investment, this includes ESG
- Need for standardisation Through Board involvement and in-depth due diligence we already use our influence as equity holder Currently all asset managers / asset owners have their own questionnaires The standard should help to improve information flow to investors while at the same time reducing the workload for managers and companies Standardization will also help to compare infrastructure investments against peers Ultimately : help stimulate sustainable development in the sector as a whole
- We do not aim to reinvent the wheel again We will build on existing expertise and standards including GRESB Real Estate survey UN Global Compact The Equator Principles Global Infrastructure Basel Infrastructure Sustainability Counsel Australia We will actively involve industry associations (GIIA) We have already piloted an draft questionnaire which helped to further improve the questionnaire We will seek active involvement of infra managers in working groups We recognize the challenges and know this will be journey: Make industry specific questions Increase the scope Increase the membership Our experience with GRESB Real Estate give us confidence that we can scale this up and become a global standard In RE 5 years ago nothing This year XXXparticipating investors and XX.000 underlying assets covered Enabling us to report in trends in for example energy use, CO2
- How will we use GRESB Infra? We will encourage all of our infra managers to participate in the annual survey For new managers we will make participation a requirement where possible as part of the during due diligence We will discuss result with infra managers and make concrete improvement suggestions We would expect to see continuous improvement across our portfolio We will use outcome of the survey to report about the trends in our infra portfolio to clients and our responsible investment report
- All founding members are deeply motivated to make this investor led initiative a success and have committed to a minimum 3 year involvement. They will form the first Infrastructure Advisory Board to oversee the further development. As a representative in the GRESB Board I can confirm that this initiative has strong support and agreed to include a infrastructure representative. I would like to thanks to all Founding Members for bring the initiative to this stage with a special thanks to the co-chairs Allison Schneider of AIMCo and David Dahan of Aviva We would also like to thank executive team for the work to formalize the strategic partnership and to We strongly encourage all infrastructure managers and companies to join this imitative and contribute to its further development