RC6: Summary of Entity Assets – Above Green

Intent

The Portfolio Assets Table shows the entity’s portfolio of underlying investments in infrastructure assets. The table includes details on each asset; including Primary Sector and weight within the portfolio. It also allows for participating assets to be 'linked' to the entity so that the score of the underlying assets now referred to as the ‘Performance Component Score - Infrastructure Fund’ can be calculated. This score combined with the score of the fund in its Management Component generates the fund’s overall score, now referred to as ‘GRESB Score - Infrastructure Fund.’

Terminology

Energy and Water Resources: Companies involved in the treatment and delivery of natural resources.

Environmental Services: Companies involved in the treatment of water, wastewater, and solid waste for sanitation and reuse purposes.

Data Infrastructure: Companies involved in the provision of telecommunication and data infrastructure.

Greenfield asset: Greenfield investment refers to an investment in a new asset that has some level of development or construction requirement and risk.

Network Utilities: Companies operating an infrastructure network with natural monopoly characteristics (barriers to entry, increasing returns to scale).

Power Generation x-Renewables: Stand-alone power generation using a range of technologies except wind, solar, and other renewable sources.

Renewable Power: Stand-alone power generation and transmission companies using wind, solar, hydro and other renewable energy sources. Also energy storage companies.

Sector: A group of specific industrial activities and types of physical assets and technologies.

Social Infrastructure: Companies involved in the delivery of support and accommodation services for public or other services.

Transport: Companies involved in the provision of transportation infrastructure services.

Requirements

Select Yes or No

Did the entity own any asset investments?

Yes

No
- Provide additional context for the answer provided (not validated, for reporting purposes only)
  
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Pre-fill: The Table will be prefilled with assets that were connected in 2019. It is very important to review the table carefully, with particular attention to the weightings assigned. Participants have the option to delete, edit or add assets to the table, if necessary.

The Table can be accessed in two locations, either within the Assessment Portal (via the 'Assets' tab) or within the Assessment Response (in the 'Summary of Entity Assets' section).

It is mandatory for participants to list and complete details for ALL infrastructure assets (operational and greenfield) held by the Fund, as at the end of the reporting year (identified in EC4), irrespective of whether they are participating in the 2020 GRESB Asset Assessment or not.

The Table includes the following columns:

Asset name: The name of the asset entity. This should align should align with the entity name of the asset reporting to GRESB in the 2019 Asset Assessment (as recorded in the EC3 indicator of the Asset Assessment).
Asset sector: Select the primary sector of the asset from the dropdown box. The sector classification has been aligned with the new EDHECInfra TICCS standard Industrial Classifications and is provided in the Terminology. If the sector of the asset sits outside the listed options, then select 'Other' and specify the sector. This information will not be used for benchmarking purposes.
Asset weight: Enter the weight of the asset within the portfolio. Weights must sum up to 100%. Weights should be equity based i.e. the weight of an asset is the equity invested in the asset divided by the total equity invested in all assets in the fund (i.e. the invested capital).
Reason for excluding from scoring (optional): Participants have the option to exclude specific assets from contributing to the Performance Component Score - Infrastructure Fund if there is a valid reason. Valid exclusion reasons are i.) greenfield assets, ii.) assets that have been operational for less than six months and, iii.) assets that have been purchased and owned for less than six months, iv.) asset was divested (a binding sales agreement made) by the fund prior to the assessment submission date (1st July 2020). Validly excluded assets will not be included in the calculation of the Performance Component Score - Infrastructure Fund and subsequently, the overall GRESB Score - Infrastructure Fund. Such assets are still encouraged to participate in the GRESB Asset Assessment.
Contact name: Provide the name of the contact person for the asset entity.
Email: Provide the email address for the contact person for the asset entity.
Connection Status: This column shows the connection status between the asset listed in the Table and the Fund. The different connection statuses are:

Not connected - No 'connection request' has been sent. This is a valid status if the asset will not participate in the 2020 GRESB Asset Assessment or is not intended to be linked to the Fund. When this connection status applies, a ‘Connect’ button will be present below the ‘Not connected’ status. See below for further details.
Pending - The 'connection request' has been sent and is yet to be approved by the Account Manager for the Asset Assessment. Note, the connection , status must change from 'Pending' to 'Confirmed' in order for that asset to affect the Performance Component Score - Infrastructure Fund.
Confirmed - The 'connection request' has been approved by the Account Manager for the Asset Assessment.
Rejected - The 'connection request' has been declined by the Account Manager for the Asset Assessment.

Assessment Status: The Table includes the asset's status of completion in the 2020 GRESB Asset Assessment. This will only be revealed for assets which have a 'Confirmed', connection status (see above). The different Ássessment statuses are:
Connection required - The asset has been listed within the Table, however, the Connection Status has not been 'Confirmed' by the asset (i.e. the Connection Status is Pending, Rejected or Not Connected).
Not started - The Connection Status has been 'Confirmed', however, the asset has not yet commenced the 2020 GRESB Asset Assessment.
Submitted - The asset has completed and submitted their 2020 GRESB Asset Assessment.
X% complete - The percentage reflects what portion of the 2020 GRESB Asset Assessment has been completed. This can be used to track progress.

The 'Connect' button should be selected if the reporting entity wants to create a connection to an existing GRESB Asset Assessment or invite someone to respond for the Asset. Once selected, there are four options (with supporting guidance) to follow in order to Connect. Only select 'Connect' if the asset intends to participate in the 2020 GRESB Asset Assessment, otherwise leave the status at 'Not Connected'.

What happens once a connection request has been sent:

If the request was sent to an existing GRESB Asset Assessment, then the designated Account Manager for the GRESB Asset Assessment will receive an email with a link to approve the connection request.
The Account Manager can then review (and approve) connection requests within the portal.
If an invitation was sent to a new asset to participate in the GRESB Asset Assessment, then an email will be sent to the contact person (as per the details provided). This contact person will be set as the Account Manager for the asset (this may be changed later). Any name and email address may be entered for the contact person including your own.

References

EDHECInfra, The Infrastructure Company Classification Standards (TICCS™️), 2018