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MR1: External Review of Energy Data

Above Green
  • Updated

Intent

Third-party review on ESG data provides investors and participants with confidence regarding the integrity and reliability of the reported information. This indicator refers to the energy consumption data reported across the whole portfolio.

Note: The purpose of this indicator is different from RP1: ESG reporting:

  • RP1: Assurance of reporting process in alignment with a specific reporting framework.
  • MR1: Assurance of data. This data may or may not be used for ESG reporting in the reporting frameworks referenced in RP1.

Requirements

Has the entity's energy consumption data reported in EN1 been reviewed by an independent third party?

  • Yes
    • Externally checked
    • Externally verified - Using scheme: [scheme name]
    • Externally assured -  Using scheme: [scheme name]
      • Upload file or URL____________ 
  • No
  • Not applicable

Scheme name

  • AA1000AS
  • Advanced technologies promotion Subsidy Scheme with Emission reduction Target (ASSET)
  • Airport Carbon Accreditation (ACA) des Airports Council International Europe
  • Alberta Specified Gas Emitters Regulation
  • ASAE3000
  • Attestation Standards established by the American Institute of Certified Public Accountants/AICPA (AT101)
  • Australia National Greenhouse and Energy Regulations (NGER Act)
  • California Mandatory GHG Reporting Regulations (also known as California Air Resources Board regulations)
  • Canadian Institute of Chartered Accountants (CICA) Handbook: Assurance Section 5025
  • Carbon Trust Standard
  • Chicago Climate Exchange verification standard
  • Climate Registry General Verification Protocol (also known as California Climate Action Registry (CCAR))
  • Compagnie Nationale des Commissaires aux Comptes (CNCC)
  • Corporate GHG Verification Guidelines from ERT
  • DNV Verisustain Protocol/ Verification Protocol for Sustainability Reporting
  • Earthcheck Certified
  • Enviro-Mark Solutions’ CEMARS (Certified Emissions Measurement And Reduction Scheme) standard
  • ERM GHG Performance Data Assurance Methodology
  • IDW PS 821: IDW Prüfungsstandard: Grundsätze ordnungsmäßiger Prüfung oder prüferischer Durchsicht von Berichten im Bereich der Nachhaltigkeit
  • IDW AsS 821: IDW Assurance Standard: Generally Accepted Assurance Principles for the Audit or Review of Reports on Sustainability Issues
  • ISAE 3000
  • ISAE 3410, Assurance Engagements on Greenhouse Gas Statements
  • ISO14064-3
  • JVETS (Japanese Voluntary Emissions Trading Scheme) Guideline for verification
  • Korean GHG and energy target management system
  • NMX-SAA-14064-3-IMNC: Instituto Mexicano de Normalización y Certificación A.C
  • RevR 6 Bestyrkande av hållbarhetsredovisning (RevR 6 Assurance of Sustainability)
  • RevR6 Procedure for assurance of sustainability report from Far, the Swedish auditors professional body
  • Saitama Prefecture Target-Setting Emissions Trading Program
  • SGS Sustainability Report Assurance
  • Spanish Institute of Registered Auditors (ICJCE)
  • Standard 3810N Assurance engagements relating to sustainability reports of the Royal Netherlands Institute of Registered Accountants
  • State of Israel Ministry of Environmental Protection, VERIFICATION OF GREENHOUSE GAS EMISSIONS AND EMISSIONS REDUCTION IN ISRAEL GUIDANCE DOCUMENT FOR CONDUCTING VERIFICATIONS, Process A.
  • Swiss Climate CO2 label
  • Thai Greenhouse Gas Management Organisation (TGO) Greenhouse Gas (GHG) Verification Protocol
  • Tokyo Emissions Trading Scheme
  • Verification under the EU Emissions Trading Scheme (EU ETS) Directive and EU ETS related national implementation laws
  • Dutch Standard for Assurance assignments 3000A
  • MOHURD Guidelines for Public Building Energy Audit
  • ISO 50002 standard
  • ISO 19011 standard

 

Select yes, no or not applicable. If yes, state whether the energy consumption data has been checked, verified or assured (select one option; the most detailed level of scrutiny to which the data was subject). If applicable, select the assurance/verification standard from the dropdown menu (see Accepted Schemes in the Appendices). GRESB does not require the selected standard to be specific to energy data. As such, a standard initially designed to verify/assure non-energy data (e.g. water) can be selected as long as the same thoroughness and review criteria are clearly applied and referenced to data reported in EN1.

If you would like to add a new Scheme to the dropdown menu list, contact The GRESB team. The requested addition will be subject to validation and only added to the list if it is considered valid.

Validation

Evidence: Document upload or hyperlink. The evidence must sufficiently support all the items selected for this question. If a hyperlink is provided, ensure that it is not outdated and the relevant page can be accessed within two steps.

The provided evidence must cover the following elements:

  1. Proof of the existence of the third-party energy consumption data review. A clear indication that the reviewed data reflects the data reported in EN1.
  2. A confirmation of the type of third-party review (checked, verified, or assured) and the used verification or assurance standard and formal statement (when applicable).
  3. Proof that the energy consumption data review was performed for the underlying assets of the reporting entity.

Note: This indicator differs from RP1 in both granularity (level of detail) and scope:

  • If data granularity required in EN1 is higher than in RP1, participants can not assume that data review documented in RP1 also applies to EN1.
  • However, if data granularity provided EN1 is lower than RP1, then participants can assume that independent review documented in RP1 implicitly covers this indicator.

In the latter case, responses will only be considered valid if the scope of review for both sets of indicators is equivalent. Any difference in that scope needs to be thoroughly supported by evidence and clearly explained by participants.

See Appendix 2a for additional information about GRESB Validation.

Scoring

1.75 points, E

Scoring of this indicator is equal to the fraction assigned to the selected option, multiplied by the total score of the indicator.

Evidence: The evidence is manually validated and points are contingent on the validation decision.

See the Scoring Document for additional information on scoring.

Terminology

Assured/Verified: The process of checking data, as well as its collection methods and management systems, through a systematic, independent and documented process against predefined criteria or standards. Assurance/Verification services should be in line with a standard and can only be provided by accredited professionals.

Checked: A third-party review that does not comply with the definition of Assurance/Verification.

References

GRESB accepts verification and assurance standards based upon their alignment with CDP's Verification Guidance

EPRA Best Practices Recommendations on Sustainability Reporting, 3rd version, September 2017: 5.4, Third party assurance

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