GRESB assesses and benchmarks the environmental, social, and governance (ESG) performance of real asset investments, providing standardized data to capital markets. It represents over $4 trillion in real asset value through the participation of over 100 investor members and the assessment of hundreds of assets and funds. GRESB helps investors integrate ESG factors into investment decisions and engage with general partners and asset managers.

3. GRESB assesses and benchmarks the ESG
performance of real asset investments,
providing standardized and validated data to
capital markets.

4. GRESB
ASSESSMENTS
ESG Performance Data ESG Analytics
ESG Analytics Investor perspective
A Collaborative ESG Data Platform

5. FUND ASSESSMENT ASSET ASSESSMENT
WEIGHTED
ASSET
SCORE
FUND
ASSESSMENT
SCORE
GRESB
FUND
SCORE
Funds with ≥25%
asset participation
30% 70%
Two Complimentary Assessments

6. 10 Years of GRESB

7. 2009
Assesses the
ESG performance of
property companies,
fund managers and
developers
Combined, GRESB represents over US$4 trillion in real asset value
GRESB Reporting Framework
Annual ESG Disclosure for Real Asset Portfolios
2016
Assesses the
ESG performance of
infrastructure assets
and portfolios
2019

8. 10 years of impact
# PARTICIPANTS# INVESTORS
107 FUNDS
393 ASSETS

9. GRESB Infrastructure Membership
Investor Members
>100 Institutional Investor Members, representing >$22 trillion
Pension funds, insurance companies, sovereign wealth funds

10. 2019 Results

13. Total
2019 GAV
$471bn

15. Sustainable Investment Strategies
From Negative Screening to Positive Selection

16. Fund Commitments

17. Assets

20. Performance Indicators

21. Short-Term Targets

22. Intensity Reporting (per Output)

23. Carbon Intensity by Sector

24. Resilience

26. Public Disclosure

28. Operational Transparency

29. Looking Towards 2020

30. Assessment Structure
MANAGEMENT COMPONENT
Asset Level
PERFORMANCE COMPONENT
Asset Level
ASSET ASSESSMENT
MANAGEMENT COMPONENT
Asset Level
PERFORMANCE COMPONENT
Asset Level
ASSET ASSESSMENT
ASSET ASSESSMENT
MANAGEMENT COMPONENT
Asset Level
PERFORMANCE COMPONENT
Asset Level
FUND MANAGEMENT 30%
Organizational Level
FUND ASSESSMENT
PERFORMANCE 70%
Aggregated Asset Assessments

31. Industry Alignment
- Strategy & Leadership
- Policies
- Reporting
- Risk Management
- Stakeholder Engagement
- Risks & Opportunities
- Monitoring
- Performance Indicators
- Energy
- GHG emissions
- Water
- Waste
- Air pollution
- Health & Safety
- Biodiversity & Habitat
- Targets
- Certifications
- Customer satisfaction
- Community Engagement
MANAGEMENT COMPONENT
Asset Level
PERFORMANCE COMPONENT
Asset Level

32. SECTOR LEADERS - FUNDS
Oceania Focused Sector Diversified Europe Focused Renewable Power America Focused
Globally Diversified Asia Focused

33. SECTOR LEADERS - ASSETS
UDICITE
Gestión Integral de
Hospitales de
Zumpango, S.A.P.I.
de C.V.
Operadora de
Infraestructura
Especializada de
Guanajuato, S.A.P.I. de
C.V.
Associated British
Airports
Port Companies Airport Companies Data Infrastructure Health & Social Care Transport
Other Social Infrastructure Network Utilities Energy and Water Resources Diversified and Other
Environmental Services Solar Power Education Services Renewable Power Power Generation

34. Panel Discussion
2019
GRESB
Results
• Anmay Dittman, Director of Real Assets at BlackRock
• Jessica Elengical, Head of ESG Strategy, Alternatives,
DWS Group
• Francisca Quinn, Founder and Managing Partner, Quinn
and Partners
• Josh Nothwang, AVP, Sustainability, Energy and Climate
Change, WSP USA
Panel discussion moderated by Dan Winters, Head of
Americas, GRESB

35. Sustainable
Real Assets

36. SECTOR LEADERS
Gestión Integral de
Hospitales de
Zumpango, S.A.P.I. de
C.V.
Associated
British Airports
Operadora de
Infraestructura
Especializada de
Guanajuato
UDICITE

37. Investment Lifecyle Management (ILM)
Ali Mamujee
Director of Product & ESG
GRESB Infrastructure Results – New York – 2019

38. © Mercatus, Inc. Proprietary and Confidential. – Slide 2
Mercatus Platform Overview: Investment Lifecycle Management (ILM)
Valuation / Scenarios
Asset/Portfolio Mgmt.
Data Centralization
Origination Mgmt.
TM
Investor Reporting
ESG Reporting
Forecasting,
Reporting and
Compliance
Single Source of Truth and System of
Record
Full Data Transparency and Traceability
with LPs
Merging ESG,
Financial and
Operational
Datasets
Systematize investment process,
approval and financial modeling
Fast / Easy sensitivity analysis &
forward-looking scenarios

39. © Mercatus, Inc. Proprietary and Confidential. – Slide 3
Solving Critical Data Challenges for Top Asset Owners, Investors
Countries where investments are
developed and managed118
Assets tracked and managed14,000
Assets Under Management (AUM)$546B
Mercatus Platform Statistics Reference Customers
MWs of renewable energy assets managed273,000
Assets managed in emerging markets42%
MWh annual renewable production tracked9,287,000

40. © Mercatus, Inc. Proprietary and Confidential. – Slide 4
Critical Business
Issue:
We cannot deliver timely, high quality ESG data for our current and potential LPs
Common ESG challenges we hear….
Specific
Capabilities:
• A centralized system that facilitates ESG collaboration between deal teams, asset
managers, and portfolio companies at the asset level
• Created automated templates to significantly reduce reporting to GRESB and other
ESG frameworks
• Ability to integrate ESG data with traditional financial and operational KPIs
Problems
• Relevant datasets are spread across Excel spreadsheets, multiple third-party
software platforms, and PDF reports
• Data quality, data quality, data quality
• ESG metrics are ever-changing and our current ESG platform is too rigid
• We spend weeks manually reporting to multiple frameworks (GRESB, CDP, GRI)
• Our team spends over 100 painful hours to create our annual corporate
sustainability report (CSR)

41. © Mercatus, Inc. Proprietary and Confidential. – Slide 5

42. © Mercatus, Inc. Proprietary and Confidential. – Slide 6

43. © Mercatus, Inc. Proprietary and Confidential. – Slide 7

44. © 2016 Mercatus, Inc. Proprietary and Confidential.

45. © Mercatus, Inc. Proprietary and Confidential. – Slide 9
Key Risk: Lack of ESG Roadmap to Repeatable Insight
Clear opportunity to evolve into an ESG data driven business
Systems
Spreadsheets
Workforce
Assets
Portfolio Companies
High
Low
Competitive
Advantage
Engagement Systemization
Data Driven
Insights
Management and
Investor Value
Low High
1
2
3
4
5
6
7
8
9
10
Engagement
1. Identify ESG objectives
2. Identify clear owners
3. Draft policies
Systemization
4. Finalize ESG data metrics
5. Identify people and processes to
facilitate data collection
6. Report manually to ESG industry
frameworks
7. Implement technology to streamline
ESG processes
Data Driven Insights
8. Streamline ESG reporting
9. Integrating financial, operational and
ESG data
10. ESG data à consistent improvement
in financial performance

46. Ali Mamujee
Director of Product & ESG
amamujee@gomercatus.com
832-630-6241
Contact
400 Concar Drive, 4th Floor
San Mateo, CA 94403
www.gomercatus.com
Headquarters
Thank you!