SE7.1: Monitoring Property/Asset Managers – Above Green

Intent

This indicator examines the methods used by a participant to monitor property/asset managers’ compliance with the participant’s ESG-specific requirements. Monitoring compliance ensures that property/asset managers are held accountable for implementing ESG requirements as set out by the entity.

Requirements

Select yes or no. If yes, select all applicable sub-options.

Does the entity monitor property/asset managers’ compliance with the ESG-specific requirements in place for this entity?

Yes
- The entity monitors compliance of:
  - Internal property/asset managers
  - External property/asset managers
  - Both internal and external property/asset managers
- Select all methods used (multiple answers possible)
  - Checks performed by independent third party
  - Property/asset manager ESG training
  - Property/asset manager self-assessments
  - Regular meetings and/or checks performed by the entity's employees
  - Require external property/asset managers' alignment with a professional standard
    - Standard: ______________
  - Other: ______________
No
Not applicable

Validation

Other: State the other method used for monitoring. It is possible to report multiple other answers.

Professional standard: If ‘require alignment with a professional standard’ is selected, state the professional standard. It is possible to report multiple standards.

See Appendix 2a for additional information about GRESB Validation.

Scoring

1 point, S

Scoring is based on the number of selected options. It is not necessary to select all options to achieve the maximum score.

Other: The 'Other' answer is manually validated and points are contingent on the validation decision.

See the Scoring Document for additional information on scoring.

Terminology

External property/asset managers: Organizations or persons to which participants outsource some or all of their property and asset management functions.

Internal property/asset managers: The part of the entity or persons that is/are responsible for the entity’s property and asset management functions.

Monitoring of property managers: Performance evaluation and incentives put in place for property managers to employ sustainable processes in their day-to-day work.

Property/asset manager ESG training: A formal and structured training program addressing ESG-related issues and opportunities for action.

Regular meetings with property/asset managers: Meetings with property/asset managers that take place at least four times per year, addressing ESG-specific requirements in place.

References

GRI Sustainability Reporting Standards, 2016: GRI 308; GRI 414; 414-1; 412-1