Sustainability has become a fundamental aspect in the construction sector, with more and more companies and investors worrying about environmental, social and governance (ESG) impact of their projects. Adopting sustainable practices in construction not only benefits the environment, but it can also be a smart strategy to attract conscious investors and improve the company's reputation.
To measure the ESG impact of sustainable buildings, there are several globally recognized tools and standards that provide an objective and comparative evaluation of sustainability efforts. In this article, we'll explore three prominent tools for measuring the ESG impact on sustainable buildings: GRESB, ISR Tag and Carbon Risk Real Estate Monitor.
GRESB, Global Real Estate Sustainability Benchmark, is a leading tool that provides global benchmarking for companies and assets in the real estate and infrastructure sector. Founded in 2009, GRESB has become a reference for investors and companies seeking to evaluate and improve their sustainability performance.
The GRESB methodology is based on a wide range of indicators that cover different aspects of sustainability, including energy consumption, water use, waste management, occupational health and safety, diversity and transparency in corporate governance. GRESB participants respond to questionnaires and provide data on their sustainability practices and policies.
At the end of the evaluation process, companies and assets receive a rating in terms of their sustainability performance, allowing them to compare with their global peers. This rating can be used by investors to make informed decisions about their investments, and it can also serve as an incentive for companies to improve their practices and strive to achieve a higher level of sustainability.
A ISR Tag (Socially Responsible Investing) is a tool that allows us to identify investment funds that support the sustainable economy and consider ESG criteria in their decision-making. This label is particularly relevant for investors who want to align their investments with their values and sustainability objectives.
Funds that receive the ISR Label must meet a series of requirements related to sustainability and social responsibility. These requirements may vary depending on the country and the body that awards the label, but generally include aspects such as transparency in investment information, the integration of ESG criteria into the asset selection process and the positive impact on society and the environment.
The ISR Label provides investors with a useful tool for identifying funds that are aligned with their values and sustainable investment objectives. By choosing funds with this label, investors can contribute to promoting more responsible and sustainable practices in the construction sector and in other areas of the economy.
The Carbon Risk Real Estate Monitor (CRREM) is a tool that seeks to guide the decarbonization of the real estate sector through science-based guidelines (SBT - Science Based Targets). This tool is especially relevant given the significant impact that the construction sector has on greenhouse gas emissions.
CRREM assesses the climate risk associated with real estate assets and its long-term financial implications. It helps investors and companies in the sector to set clear and measurable objectives to reduce their carbon footprint and align their efforts with the objectives of the Paris Agreement.
By using CRREM, companies can identify risks associated with real estate assets related to climate change and make informed decisions to mitigate them. This tool is an invaluable guide to promote the transition to a more sustainable and resilient construction in the face of the challenges of climate change.
Sustainability in the construction sector has become a priority on the business and investment agenda. Measuring the ESG impact of sustainable buildings is essential for evaluating company performance and identifying opportunities for improvement. Tools such as GRESB, ISR Tag and Carbon Risk Real Estate Monitor offer objective and comparative evaluations that guide investors and companies towards a more sustainable and responsible construction.
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EDGE certification is one of the fastest and most effective ways to create efficient buildings, reduce energy, water, and material consumption, and increase property resale value. Developed by the International Finance Corporation (IFC), part of the World Bank Group, EDGE helps real estate projects lower their environmental impact, reduce operating costs, and support decarbonization efforts. With a streamlined and measurable process, EDGE has become a strategic certification for developers and investors seeking sustainability, profitability, and market differentiation.
Sustainable certifications in Mexico are gaining prominence as a key tool for companies and projects that seek to demonstrate their environmental, social and governance commitment. They are no longer limited to construction alone, but encompass complete processes, operations, products and business models.
Discover how environmental certifications, energy efficiency and sustainable buildings increase the resale value of a property and reduce its environmental impact.
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