Market transformation Top down, bottom up Investment Community Capital Market CAPITAL Investment Manager Company Portfolio Manager/ Asset Manager Portfolio We’ve seen that the capital market provides a very effective top down push towards bottom up commitment PRI currently meeting in Singapore – 1,500 asset owners Building COMMITMENT Property Manager/ Facility Manager

63 Countries 759 Entities 66,000 Assets This map shows the countries asset count based on asset level data 63 Countries 759 Entities 66,000 Assets

Listed: 201 Private: 558

GRESB Model Global ESG performance

GRESB Model Regional ESG performance

Building Certification Policy & Disclosure 8.8 % 9.5 12.4% 25.2% 24.5% 10.9% Monitoring & EMS Management GRESB SCORE Building Certification Policy & Disclosure Risks & Opportunities Stakeholder Engagement Scoring framework is based on what is most material to investors. Performance Indicators

Validation 100% 18% 2.5% Three-layer process for investment-grade data Open text boxes (quality) Open-ended questions Hyperlinks Evidence (presence) All Participant Check 100% Validation Plus Evidence (content) Data accuracy 18% Process that supports in providing investment-grade data (co-developed with PwC) Reporting boundaries Data quality Evidence for answers Site Visit 2.5%

Sustainability Performance Regulation Leading BREEAM Outstanding LEED Platinum Green Star Six Star Etc. Building Stock Regulation provides minimum performance requirements Leaders are in the right tail, however, the bulk is still in the “bell” So, how to move the bell forward (= transformation to net-zero buildings that are safe, healthy, comfortable, connected, socially engaged etc.) Incentives: Fear of regulation Changes in tenant demands Exposure to energy prices Resilience Health and Well-being Other proxies for quality of real estate Sustainability Performance

ESG Performance Dynamics Global trends over time Conclusion: transparency leads to improved performance/leadership

Scale 66,000 759 55 Assets Property Companies Instituional Investors Our process to connect industry stakeholders Central in this process is data quality, both at the company/fund level and at the portfolio level 55 Instituional Investors

Data Environmental Performance Health & Well-being Geo Spatial Our process to connect industry stakeholders Central in this process is data quality, both at the company/fund level and at the portfolio level Data

administrative burden Data Reduction of administrative burden Investment Grade Automatic

70-80 Certification/Rating Spatial Data 70-80 Certification/Rating Databases External Data Partners

Fund Manager System Accounts Building Accounts

Building Meter information Health & Well-being Calculated values

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