Health and Well-Being Now Part of Real Estate Assessments

Friday, April 1, 2016

Green Building Elements (03/14/16) Killough, Dawn

The green building industry has recognized the need for practical tools for systematic assessment, objective scoring, and peer benchmarking or health and well-being. The global standard for environmental, social, and government assessment of real estate portfolios and infrastructure assets (GRESB) recently announced the launch of the GRESB Health and Well-being Module, which evaluates and benchmarks actions by property companies and funds to promote the health and well-being of employees and their strategy to create value through products and services that promote health and well-being for their tenants and customers. "GRESB’s vision is to ultimately create better places for people and communities—places that reduce environmental impacts, improve social practices and set high standards for corporate governance—in profitable ways that make good business sense and reward innovation," says GRESB COO Chris Pyke. The new module adds an extra component to the annual GRESB Assessment and sends a signal that human health and well-being plays an important role in assessing the value of real estate portfolios and other assets. The new module includes 10 new indicators providing investors and property companies and funds with new insights on leadership, needs assessment, implementation action, and performance monitoring. The module focuses on the promotion of health and well-being for employees, and the provision of products and services that help promote health and well-being for tenants and other customers.

Dawn Killough 4/1/2016

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