BC2: Energy Rating

Intent

This indicator assesses the entity’s use of energy ratings and benchmarking. Energy ratings are often government mandated and provide a measure of the energy efficiency performance of buildings. As such, they enable tenants and investors to identify buildings that are both environmentally friendly and have lower utility costs.

Publicly disclosed asset-level building certifications and ratings provide third-party verified recognition of ESG performance in new construction, refurbishment and operations. Typically, building certifications affirm that individual assets are designed and/or operated in ways that are consistent with independently developed ESG criteria.

Requirements

Standing investments that hold a valid energy rating

The indicator below is automatically populated by GRESB based on information provided through the reporting entity’s GRESB Asset Portal. Participants can access the Asset Portal via the Assessment Portal menu, section ASSETS.

 

In 2020, participants are required to report their energy ratings at the asset-level through the completion of the GRESB Asset Spreadsheet. Note that all fields in BC2 will be automatically populated once the GRESB Asset Spreadsheet is completed and uploaded to the Asset Portal.

It is recommended to:

• Prepare and upload the GRESB Asset Spreadsheet onto the Assessment;
• Review all fields in BC2 to ensure it is accurate and complete.

If a Gross Asset Value is reported at the asset level for all assets in the GRESB Asset Spreadsheet, the “% of GAV covered” per scheme is automatically calculated by GRESB.

Alternatively, participants can calculate this field manually. To do so, this number should be calculated as the % of GAV of all assets within the property type coveredby the respective scheme, adjusted by the % of floor area covered.

For example, rated Asset A makes up 20% of the property type GAV. However, only 80% of its floor area is rated. The “% of GAV covered (within property type)” of Asset A will be 20% * 80% = 16%.

Some assets may have more than one energy rating. In this case, choose the energy rating that best corresponds to the asset. To do so, using a floor area-weighted average is allowed. For assets with NABERS Energy Ratings, report the NABERS Energy Rating without Green Power.

Only include energy ratings that were awarded before or during the reporting year. Many energy ratings are valid for a limited period only – the rating should officially be in effect during the reporting year. Ratings that are submitted for review, but not yet official are not valid. In addition, pre-assessments or other unofficial forms of precertification are not valid.

Validation

This indicator is subject to automatic validation.

See Appendix 2a for additional information about GRESB Validation.

Scoring

2 points, E

Scoring information will be updated on April 1.

See the Scoring Document for additional information on scoring.

Terminology

Energy Rating: A scheme that measures the energy efficiency performance of buildings.

References

SASB-Real Estate Owners, Developers & Investment Trusts, March 2016: IF0402-04