Social Value Portal has broken new ground in real estate, with our Real Estate Social Value Index (RESVI) becoming an accepted building certification for the international GRESB real estate assessment.
Social Value Portal developed RESVI in collaboration with our customers in the real estate and infrastructure sector. It is a detailed, standardised reporting tool that helps measure, validate, report, and improve the Social Value generated by ‘in-use’ real estate and infrastructure assets.
Achieving the RESVI certification will help portfolios demonstrate their ESG commitment and will contribute to the scoring of the building certifications element. Working alongside the leading measurement framework, the Social Value TOM System™, RESVI is the first international real estate certification to cover Social Value for GRESB.
GRESB, the leading global real estate sustainability benchmark, provides certification for standardised and validated data to the capital markets, acting as a guide to best practice for real estate and infrastructure companies, investors, and lenders. GRESB ESG data and benchmarks cover USD 8.6 trillion in real estate and infrastructure value including more than 154,000 geo-coded assets across both private and public markets.
GRESB and RESVI combined will help organisations worldwide to measure performance more effectively across the entire ESG spectrum, in turn allowing investors to manage and improve the sustainability and financial performance of their assets.
Tim Cornford, Head of Asset Management at Ellandi, commented:
We are delighted that Social Value Portal’s RESVI has been accredited by GRESB. Measuring Social Value is fundamental to creating inclusive and sustainable town centres, and with RESVI being fully accredited by GRESB, this will assist in our mission of making social impact and financial returns intrinsically linked.
Alyson Hodkinson, Head of Sustainability at Unibail-Rodamco-Westfield, said:
RESVI is the first real estate certification to cover the ‘S’ in ESG and it’s something we’re really proud to be part of as, like many other businesses, we are on the journey to ensure we are creating value and offering something meaningful, and tangible, to the local communities in which we operate. The inclusion of Social Value into the GRESB benchmark is really positive news for the industry as it expands the current benchmark from covering the key ESG metrics to also now including Social Value, which will ensure a more holistic approach to measuring sustainability.
Guy Battle, CEO of Social Value Portal, added:
We know that investors are, quite rightly, demanding action on ESG and data transparency, which is where our comprehensive measurement framework, the Social Value TOM System™, and RESVI tool help. By providing a complete, structured solution to track Social Value across all assets in a portfolio, this GRESB certification will help asset owners and investors to demonstrate their ESG commitments, contribute to the scoring of the GRESB real estate assessment and add value to the asset, its occupiers and the area that surrounds it.
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At Social Value Portal, we work with organisations across the real estate space, from debt providers and investors, to fund and asset managers, property managers and large-scale corporate occupiers.