7.3billion
73 $ trillion
9.8GtC/year
+0.810C above 20th century average
Worldwide
GDP
CO2
Population
More infrastructure
Less impact
ESG and Infrastructure
Long-term investment in illiquid assets
Importance for society
Regulatory environmentSustainable infrastructure
source of deal flow
Anticipating changing regulations and developments
Opportunities
Investors want to understand the non-financial risks that can severely impact returns and reputation
ENTERPRISE
PORTFOLIO
ASSET
REAL ASSETS
Capitalmarket
DEBTEQUITY$
ESG PERFORMANCE
GRESB Infrastructure
Systematic assessment of infrastructure funds and asset
Objective scoring of environmental, social, and governance performance
Peer benchmarking to differentiate market participants
0 - 100
Sustainability Performance
Leading
?Assets
Sustainability Performance
Assets
GRESB Assessment
Infrastructure Funds/Portfolios
Infrastructure Assets
CAPITALMARKET
BENCHMARKSCOREASSESS
COMMUNICATE
DATA QUALITY
Two Complementary AssessmentsEvaluating both the fund and the asset
• Fund Assessment: 10 indicators• Asset Assessment: 32 indicators across 8 Aspects• Operational assets• Sector coverage:
• Energy• Water Resource Management• Waste• Transportation• Social
AspectsHighest weight for Performance Indicators (e.g. Energy, Carbon, Water, Waste)
Data – Process for Quality ControlThree-layer process for investment-grade data
100%
Validation Plus
Site Visit
All Participant
CheckChecks on all Fund and Asset respondents
23%
5%
Document review of all evidenceReview of all tables and examplesData accuracy
Reporting boundariesData qualityEvidence for answers
GRESB Coverage
53 Countries 51 Funds 134 Assets
2016 GRESB Infrastructure CoverageRegions
2016 GRESB Infrastructure CoverageBusiness activities
29 Renewable energy
15 Conventional energy
17 Social infrastructure
8 Airports
7 Ports
8 Toll roads
GRESB Performance
GRESB ModelFund Scores (Implementation & Measurement/Management & Policy)
GRESB ModelGRESB Scores (Fund Score/Weighted Asset Score)
GRESB ModelGRESB Scores (Asset Scores)
GRESB Infrastructure Assets – Aspect ScoresRoom for growth…
What drives performance?
Fund ScoresESG indicators
Asset ScoresAchievement of environmental indicators
Funds & AssetsESG disclosure practices
Asset ScoresHealth & Safety
Asset ScoresHealth & Safety
Asset ScoresHealth & Safety
Road Ahead
51/134FUNDS/ASSETS
55/28 DiversifiedAUS/NZ
SCORE LEADREPORT
PLAN
DO
CHECK
ACT
INDICATOR
What’s next?
GRESBInsight
s
AssessmentDevelopment Participation GET
INVOLVED!
Fund investmentsAsset investments:• Private• Brownfield and Greenfield• Listed companies• Across infrastructure
business activities
Consultation
Sustainability Performance
Companies
Leaders
Will your company lead? Or follow?
So, what is your GRESB Rating?