GRESB, the global standard for environmental, social and governance (ESG) assessment of real estate portfolios and infrastructure assets, has launched the GRESB Health and Well-being Module.
This protocol is an optional supplement to the GRESB Real Estate Assessment--an annual survey of a large group of institutional investors that captures information regarding the ESG performance of property companies, fund managers, and developers.
The new module evaluates and benchmarks actions by property companies and funds to promote the health and well-being of employees and strategies to create value through products and services that promote health and well-being for tenants and customers.
“Real estate development can serve to create superior places—places that enhance productivity, support physical activity, promote social interaction, provide access to vital services and contribute to happiness,” GRESB says. “As interest in health and well-being in the built environment grows, the industry has recognized the need for practical tools for systematic assessment, objective scoring, and peer benchmarking of health and well-being.”