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Reference Sustainability & Performance - Cost and Area Benchmarking

Global Real Estate Sustainability Benchmark (GRESB)

Client: UBS Fund Management (Switzerland) Ltd 21.03.2017

The mission

The portfolio of UBS Fund Management AG is made up of six listed real estate funds and two investment foundations and comprises more than 900 properties. The subject of sustainability is assigned great importance within UBS. Selected funds are to subject themselves to a global benchmarking regarding sustainability.

Solution

Three listed real estate funds of UBS are to participate in the "Global Real Estate Sustainability Benchmarking" GRESB at first. GRESB is a sustainability initiative in the real estate area that systemically reviews and compares the sustainability performance of real estate investment solutions. Thus, GRESB has the target of improving the sustainability performance of real estate investment solutions. GRESB has more than 750 employees and represents real estate values exceeding USD 2.8 Tn. around the world. Every year, GRESB draws up a global ranking in which real estate funds and real estate companies are sorted by performance in the areas of environment, social matters and governance. Sustainability performance can be compared easily this way.

Services pom+Consulting AG

pom+Consulting AG acted as an external partner and supported the procedure to participate in the Global Real Estate Sustainability Benchmark (GRESB). In the first step, all required information was collected, analysed and project-relevant questions were phrased. pom+ took care of coordination of question processing in the project. In cooperation with UBS Fund Management AG, the most important unique selling propositions (KPIs) were defined*. In another step, the questionnaire for participation in the GRESB was subsequently answered and phrased.

  • Support of GRESB-participation
  • Compilation of the required information
  • Coordination of question processing
  • Determination of the key performance indicators *)
  • Completion of the GRESB questionnaire

Other remarks

*) Using invoices from the respective managers on several years of media consumption at object level, pom+ generated a calculation model in order to calculate the respective media consumptions such as power, oil, gas, district heat or water. pom+ initially validated and plausibilised the invoices from the respective management companies. Subsequently, pom+ researched the time- and location-dependent media consumption prices in order to derive the effective consumptions by application of the calculation model. In the next step, the CO2 emissions, the share of renewable energies and other indices were determined at object as well as funds levels. pom+ then transferred the determined data to a GRESB online tool. The project was executed for the first time in 2015 by pom+, was continued in 2016 and is expected to be continued in 2017. The target is being able to generate clearly traceable and therefore high-quality data for more and more objects and funds.