Since health and well-being in the real estate industry is an issue with growing significance, GRESB, the global standard for environmental, social and governance (ESG) assessment of real estate portfolios and infrastructure assets, has launched a new module to benchmark health and well-being promotion among tenants and customers.
Offered as an optional supplement to the GRESB Real Estate Assessment, the GRESB Health and Well-being Module was created for property companies, developers and funds to evaluate their actions and strategy related to this matter.
“The design, construction and operation of our built environment has a profound impact on individuals and populations,” said Chris Pyke, chief operating officer at GRESB. “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.”
The module includes ten new indicators providing investors and property companies and funds with new insights on leadership, needs assessment, implementation action and performance monitoring. There are two main areas of focus: 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.
The GRESB Health and Well-being Module is now available and will be open for submission starting April 1, alongside the GRESB Real Estate Assessment.