Verdani - GRESB Webinar March 25, 2020

1. Preparing for
2020 GRESB Portal Opening
March 2020

2. © 2020 GRESB BV
Unless explicitly stated otherwise, all rights including those in copyright in publication are owned by or controlled for these purposes by GRESB B.V.
Except as otherwise expressly permitted under copyright law or GRESB B.V’s terms and conditions, no part of this presentation may be reproduced, copied, republished,
downloaded, posted, broadcast or transmitted in any way without first obtaining GRESB B.V’s written permission.
This presentation and the statements made reflect the opinions of GRESB and not of our members. The information in the presentation has been provided in good faith
on an “as is” basis. We take reasonable care to check the accuracy and completeness of materials prior to their publication. However, the information in the presentation
has not been independently verified. In addition, the statements in the presentation may provide current expectations of future events based on certain assumptions. The
variety of sources from which we obtain the information in the presentation means that we make no representations and give no warranties, express or implied as to its
accuracy, availability, completeness, timeliness, merchantability or fitness for any particular purpose.
The presentation and materials are 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 presentation and/or materials.

3. GRESB
COVID-19 Update

4. 1Q 2020: Strong ESG Momentum
Institutional Real Estate
IREI VIP Americas – January 28-29 – Dana Point, CA
• ESG discussed every panel
NAREIT ESG Forum – January 29 – Washington, DC
• 140+ attendees
• First-time attendees = ~50%
PREA Spring Meeting – March 5 – Beverly Hills, CA
• ESG discussed every panel
• PREA ESG session post-event attracted standing-room-only crowd of 100+
4

5. 2020: Unexpected Events
COVID-19
5
IREI / NAREIT
PREA

6. GRESB Actions – March 25, 2020
All GRESB staff COVID-19 negative [so far]
• Amsterdam [30] Arlington VA [1] Vancouver BC [1] Sydney [1]
GRESB Portal set to open April 1, 2020
• Currently in testing phase
• All systems OK
• IT team doing an exceptional job
All global trainings moved to online format
• April 7 & 8
• April 14 & 15
Post-April 1 :: Bi-weekly status indicators inform forward decisions
• Global stakeholder feedback
• Portal activity

7. Industry Supporters
Data / Service Providers
Institutional
Investors
Private Equity Firms
Listed Property Companies
80
25140+
500+
GRESB Global Stakeholders
7
Real Estate
Associations

8. 8
GRESB Governance
Institutional Investors | Asset Owners

9. GRESB Timeline :: 2020

10. Timeline Impacts
Must reverse engineer process(es) for October 1 release

11. Takeaways :: Participants
GRESB 2020 timeline
Rapidly changing circumstances, varying by geography
• Some participants report no problem / full steam ahead / all data in hand
• Others concerned with implementing data request processes with property managers
Organizations who can submit earlier than July 1 are encouraged to do so
• GRESB received 1000+ submissions in 2019
• Early submissions help GRESB balance the validation workload
GRESB Helpdesk fully staffed / open all times
• GRESB.com/contact
Bi-Weekly status checks [post-April 1 open]
• Validation / scoring processes in July/Aug have a small amount of built-in slack

12. Stay Updated
GRESB Insights

13. Contact GRESB
Website footer

14. BACKGROUND
GRESB

15. Assess and benchmark ESG
performance of real asset portfolios,
providing standardized and validated
data to capital markets.
15

16. 2009
Assesses the
ESG performance of
property companies,
fund managers and
developers
GRESB Reporting Framework
Annual ESG Performance Benchmarking and Disclosure for Real Asset Portfolios
2016
Assesses the
ESG performance of
infrastructure assets
and portfolios
2020+
16

17. 17
PLAN
DO
CHECK
ACT INDICATOR
ISO Approach Tailored Aspects
GRESB
SCORE
Policy &
Disclosure
Building
Certifications
Monitoring
& EMS
Management
Practices
Performance
Indicators
Risks &
Opportunities
Stakeholder
Engagement

19. ESG Information :: Institutional Investors
GRESB Investor Members :: integrate ESG data | utilize GRESB analytic tools
19

20. 20

21. 21

22. Institutional
Investors
GRESB
Assessments
Fund managers
Listed companies
I N V E S T O R
P E R S P E C T I V E
E S G A N A L Y T I C S
E S G A N A L Y T I C S
E S G P E R F O R M A N C E
D A T A
An interactive ESG Data platform

23. Global Participation :: ESG Benchmarking
private equity | listed REITs | JVs | sovereign wealth funds | direct | government
23

24. Industry Progress
private equity | listed REITs | JVs | sovereign wealth funds | direct portfolios | governments
24

25. GETTING STARTED
GRESB 2020

26. Account Sign Up

27. 27

28. 28

29. 29
GRESB Training
• In-person trainings
canceled due to COVID-19
• Videos and online webinars
• Click the proper logo

30. 30
GRESB Training

31. 31
GRESB Training

32. 32

33. GRESB 2020 Advances
Real Estate | Infrastructure
1. All 2020 Benchmark Participants Become GRESB Members
• 10 years as industry-driven benchmark
• Strong engagement track record
• Accelerates industry commitment
33

34. GRESB 2020 Advances
Real Estate | Infrastructure
1. All 2020 Benchmark Participants Become GRESB Members
• 10 years as industry-driven benchmark
• Strong engagement track record
• Accelerates industry commitment
2. GRESB Portal Improvements
• Improved error reports
• Detailed scoring information
• Validation decision rationale
• Improved submission quality
34

35. GRESB 2020 Advances
Real Estate | Infrastructure
1. All 2020 Benchmark Participants Become GRESB Members
• 10 years as industry-driven benchmark
• Strong engagement track record
• Accelerates industry commitment
2. GRESB Portal Improvements
• Improved error reports
• Detailed scoring information
• Validation decision rationale
• Improved submission quality
3. Review Period {new}
• Preliminary results released September 1, 2020
• Review period :: September 2020
• Final results released October 1
• Info: https://gresb.com/participant-guidance/
35

36. GRESB Resources
Guidance
• Reference Guides
• Sample Reports
• Industry Presentations
Tools
• Asset Spreadsheet
• Scoring Documents
• Portal Guides
Communications
• Annual Results
• Modules
• Branding Guidelines

37. GRESB Resources
Guidance
• Reference Guides
• Sample Reports
• Industry Presentations
Tools
• Asset Spreadsheet
• Scoring Documents
• Portal Guides
Communications
• Annual Results
• Modules
• Branding Guidelines

38. GRESB Resources
Guidance
• Reference Guides
• Sample Reports
• Industry Presentations
Tools
• Asset Spreadsheet
• Scoring Documents
• Portal Guides
Communications
• Annual Results
• Modules
• Branding Guidelines

39. GRESB Resources
Guidance
• Reference Guides
• Sample Reports
• Industry Presentations
Tools
• Asset Spreadsheet
• Scoring Documents
• Portal Guides
Communications
• Annual Results
• Modules
• Branding Guidelines

40. GRESB Resources
Guidance
• Reference Guides
• Sample Reports
• Industry Presentations
Tools
• Asset Spreadsheet
• Scoring Documents
• Portal Guides
Communications
• Annual Results
• Modules
• Branding Guidelines

41. Benchmark Report

42. GRESB 2020+
Performance Metrics

43. - Strategy & Leadership
- Policies
- Reporting
- Risk Management
- Stakeholder Engagement
- Risks & Opportunities
- Monitoring
- Performance Indicators
- Energy
- GHG emissions
- Water
- Waste
- Targets
- Building Certifications
- Tenants
- Community Engagement
2020 GRESB Component Split
Management | Performance
43

44. 44

45. - Strategy & Leadership
- Policies
- Reporting
- Risk Management
- Stakeholder Engagement
- Risks & Opportunities
- Monitoring
- Performance Indicators
- Energy
- GHG emissions
- Water
- Waste
- Targets
- Building Certifications
- Tenants
- Community Engagement
Advice: Prioritize Management Component
45
April April [set up] | May & June [data]

46. Property Manager
Asset Operator
Asset
Owners
Global REITs
Private Equity
Asset
Capital Markets
Investors
Lenders
ESGData
Company
Fund Manager
Portfolio Manager
Asset Data :: Required for GRESB Performance Score
location data [required] | consumption data [as available]
46

47. Traditional Responsible Sustainable Philanthropy
Limited or no
regard for
environmental,
social or
governance
(ESG) risk
management
practices
Mitigate risky
ESG practices in
order to protect
value
Adopt
progressive ESG
practices that
may enhance
value
Address societal
challenges that
generate
competitive
financial returns
for investors
Address societal
challenges
where returns
are as yet
unproven
Address societal
challenges that
require a below-
market financial
return for
investors
Address societal
challenges that
cannot generate
a financial return
for investors
Source: Bridges Ventures
Delivering competitive returns
Pursuing ESG opportunities
Focusing on (measurable) high-impact solutions
Mitigating ESG risks
Impact
Investment Spectrum
ESG Advances
GRESB @ 2020+
47

48. Traditional Responsible Sustainable Philanthropy
Limited or no
regard for
environmental,
social or
governance
(ESG) risk
management
practices
Mitigate risky
ESG practices in
order to protect
value
Adopt
progressive ESG
practices that
may enhance
value
Address societal
challenges that
generate
competitive
financial returns
for investors
Address societal
challenges
where returns
are as yet
unproven
Address societal
challenges that
require a below-
market financial
return for
investors
Address societal
challenges that
cannot generate
a financial return
for investors
Delivering competitive returns
Pursuing ESG opportunities
Focusing on (measurable) high-impact solutions
Mitigating ESG risks
Impact
The New Paradigm
Investment Spectrum
ESG Advances
GRESB @ 2020+
48Source: Bridges Ventures

49. BENCHMARKING
Curiosity | Compliance | Competition | Continuous Improvement
49
CLOSING
REMARK

50. 50
https://gresb.com/reflecting-on-10-years-and-preparing-for-whats-ahead/#
“The reason why we
established GRESB is simple.
Ten years ago there was no
uniform or consistent way to
measure the sustainability
performance of real estate
companies and funds across
countries, across regions and
across private and publicly
traded investment structures.
And if you can’t measure and
compare, it is difficult to
engage with a manager on
how to improve.”
Patrick Kanters, Managing
Director Global Real Assets
APG Asset Management

51. COMPLIANCE CURIOSITY
2009 - 2014
Phase I
Real Estate Industry Drivers
2009 – 2014
Participation
51

52. 52

53. COMPLIANCE CURIOSITY COMPETITION
2009 - 2014 2015 - 2019
Phase I Phase II
Real Estate Industry Drivers
2015 – 2019
Participation
53

54. 54

55. COMPLIANCE CURIOSITY COMPETITION RISK
MANAGEMENT
BUSINESS
VALUE
2009 – 2014 2015 – 2019 2020+
Participation
Continuous
Improvement
Real Estate Industry Drivers
55

56. © 2020 GRESB BV
Unless explicitly stated otherwise, all rights including those in copyright in publication are owned by or controlled for these purposes by GRESB B.V.
Except as otherwise expressly permitted under copyright law or GRESB B.V.’s terms and conditions, no part of this publication may be reproduced,
copied, republished, downloaded, posted, broadcast or transmitted in any way without first obtaining GRESB B.V.’s written permission.
Dan Winters, CRE
Head of Americas
d.winters@gresb.com
+1 202 997 3922– mobile