2020 GRESB Real Estate Results - Asia November 26, 2020

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• Welcome | Mr Henry Chin, Global Head of Investor Thought Leadership, Head of Research
APAC, CBRE
• Introduction & Housekeeping | Mr Benjamin McCarron, Lead Representative Asia, GRESB
• GRESB Real Estate Results Highlights | Ms Christina Djambazca, Analyst, Real Estate, GRESB;
Mr Ruben Langbroek, Head of Asia Pacific, GRESB
• Panel Discussion 1 | ESG, data, and the Asian recovery
o Ms Ellie Tang, Head of Sustainability, New World Development Company Limited
o Mr Tang Boon Kang, Senior Director, Group Governance & Sustainability, ARA Asset Management
o Mr Feng Lu, Managing Director, CITIC Capital
o Moderator: Mr Benjamin McCarron, Lead Representative Asia, GRESB
• Panel Discussion | Integrating ESG into decision making
o Ms Yoonmee Jeong, Sustainable Finance, Global Corporate Banking, OCBC
o Mr Thijs Schoenaker, Director Private Real Estate Asia-Pacific, PGGM
o Mr Koki Fukui, Department Director, Real Estate Finance Department, DBJ
o Moderator: Mr Ruben Langbroek, Head of Asia Pacific, GRESB
• Wrap-up & Closing | Mr Benjamin McCarron, Lead Representative Asia, GRESB
2020 RESULTS

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PARTICIPATION

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Participation
+22%
Global

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Participation
+20%
Regional

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Participation 1,229 +96 k USD 4.8 tn
Breakdown by region

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GRESB Investor Members
Global adoption of the benchmark

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2020 RESULTS

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GRESB Model
Regional scores comparison
ASIA

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GRESB Model
Country scores comparison

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GRESB Aspect Scores
Standing investments

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GRESB Aspect Scores
Development

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GRESB Scores per Sector
Standing investments score

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Performance Outcomes

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Building Certifications
Operational building certifications obtained
8%
4%
13%
15%
18%
42%
66%
34%
DBJ Green Building Certification
CASBEE
LEED
BCA Green Mark
BEAM Plus
Other

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Public Disclosure
Increased transparency on material ESG issues
210
156
276
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Americas
Europe
Asia
Africa
Level A
Level B
Level C
Level D
Level E
Number of constituents
Oceania

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Public Disclosure
Positive correlation between transparency and performance
GRESB Assessment Score
GRESB Public Disclosure Score
Global entities
Asia entities0
20
40
60
80
100
- 20 40 60 80 1000

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KEY ESG TRENDS

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Net Zero TransitionNet Zero Transition
South Korea and Japan vow
to go carbon neutral by 2050
The two Asian economic powerhouses are some
of the most fuel-reliant countries in the world
China aim f 'ca b n ne ali b 2060
China will aim to hit peak emissions before 2030, and for carbon
neutrality by 2060, President Xi Jinping has announced
Hong Kong Aims Net Zero
Carbon Emissions by 2050
ASIA S POLICY PATHWAY TO NET ZERO
Asian governments are realising the potential to combine the economic
recovery from COVID with decarbonisation efforts
A Carbon
Neutral Future
is Taking
Shape in Asia

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Resilience & Adaptation
121
238
412
Americas Europe Asia Oceania
% participants
13%
24%
34%
2018
2019
2020

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Investment Needs Green Bond Market
Unlocking Green Finance
US$ 6.3tn
per year needed per year to
2030 to meet SDGs
US$ 6.9tn
needed to meet the Paris
Agreement goals
1%
of the US$ 100tn global bond
market is invested in green bonds
^

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Unlocking Green Finance
May 2020 UOB sustainability-linked bilateral loan
based on GRESB results
March 2020 – DBS sustainability-linked loan based
on GRESB results
November 2019 DBS Hong Kong sustainability-linked
loan based on GRESB results
March 2019 Green loan by a syndicate of banks led by
Barclays, linked to GRESB results
February 2020 Bank of China sustainability-linked
loan based on GRESB results

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WHAT S NEXT?

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A i g e ee d e
a e a f e

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2020 SECTOR
LEADERS

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Sector Leaders – Asia

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PANEL 1
ESG, data, and the Asian recovery
• Ms. Ellie Tang, Head of Sustainability, New World
Development Company Limited
• Mr. Tang Boon Kang, Senior Director, Group Governance
& Sustainability, ARA Asset Management Limited
• Mr. Feng Lu, Managing Director, CITIC Capital
• Moderated by Mr. Benjamin McCarron, Lead
Representative Asia, GRESB

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PANEL 2
Integrating ESG into decision making
• Ms. Yoonmee Jeong, Sustainable Finance, Global
Corporate Banking, OCBC
• Mr. Thijs Schoenaker, Director Private Real Estate Asia-
Pacific, PGGM
• Mr. Koki Fukui, Department Director, Real Estate
Finance Department, Development Bank of Japan
• Moderated by Mr Ruben Langbroek, Head of Asia Pacific,
GRESB

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