LLS5: Financing Efficiency Improvements
Maximum Score
2 points
Prefill
Eligible
Validation
Evidence and other answer are manually validated
Does the lender provide additional financing for efficiency improvements?
Assessment Instructions
Intent: What is the purpose of this indicator?
Describe specific lender programs for funding property improvements (e.g. PACE lending, etc.) that result in improved building efficiencies and/or positive environmental impacts. Participants should select targeted environmental impacts and describe available loan program(s).
Input: How do I complete this indicator?
Select Yes or No. If Yes, please select all applicable checkboxes and a radio button, then complete the open text box.
Radio buttons: Only one answer is possible. Please select the most applicable.
Open text box: Description provided should fully support each checkbox selected, along with the following elements:
Describe the main eligibility requirements to receive this financing;
Identify how impacts are tracked/evaluated after financing.
Other: Answers provided under 'Other' must be outside the options listed in the indicator to be valid. State sustainability-related positive impact.
Terminology
Energy efficiency
Refers to the works resulting in products or systems using less energy to provide the same consumer benefit.
GHG emissions
GHGs refers to the seven gases listed in the GHG Protocol Corporate Standard: carbon dioxide (CO2); methane (CH4); nitrous oxide (N2O); hydrofluorocarbons (HFCs); perfluorocarbons (PFCs); nitrogen trifluoride (NF3) and sulfur hexafluoride (SF6). They are expressed in CO2 equivalents (CO2e).
Property improvements resulting in improved environmental impacts
Improvements that contribute to lowering environmental impacts, including but not limited to, increased energy efficiency, lower GHG emissions, and/or water consumption reduction.
Waste management
Issues associated with hazardous and non-hazardous waste generation, reuse, recycling, composting, recovery, incineration, landfill and on-site storage.
Water efficiency
Refers to the conservative use of water resources through water-saving technologies to reduce consumption.
Validation: What evidence is required?
Evidence
The evidence provided will be subject to manual validation.
Document upload or hyperlink The evidence should sufficiently support all items selected for this question, including the defined scope, the approach selected, the positive impact categories selected, and any statements provided in the open text box about eligibility requirements and impact tracking. If a hyperlink is provided, ensure it is active and that the relevant content can be accessed within two steps. Multiple documents may be uploaded, as long as it is clear where the relevant information can be found.
General Requirements Evidence must clearly define what qualifies as “additional financing for efficiency improvements” within the lender’s activities. This includes the product or program name or the underwriting approach, and the financing purpose. Stand alone financing program Evidence must demonstrate the existence of a defined program or product offering dedicated to financing efficiency improvements and should show that the program is available and intended for efficiency improvements. Evidence must show that the program is more than a one off transaction.
Ad hoc lending approach Evidence must demonstrate that the lender can provide financing for efficiency improvements through case by case underwriting rather than through a dedicated program. Evidence must show that the lender has a documented process or guidance allowing such financing, for example underwriting guidance, sustainability finance guidelines, or documented approval workflow. A single deal example alone is not sufficient unless it is clearly supported by a broader documented approach.
Positive impact category requirements For each selected positive impact category, the evidence must describe the eligible use of proceeds or eligible improvements and show that these are explicitly linked to the selected category or categories. Evidence may cover multiple categories within one framework, provided the linkage is clear.
Other Answer
State for which positive impact the financing is meant.
Scoring
Scoring: How does GRESB score this indicator?
The scoring of this indicator is equal to the sum of the fractions assigned to the selected options and respective sub-options, multiplied by the total score of the indicator.
Evidence: The evidence is manually validated and assigned a multiplier, according to the table below. The evidence must support the validation requirements.
If any requirements are not met, the evidence may be partially accepted or not accepted depending on the level of alignment with the requirements.
Accepted
2/2
Partially Accepted
1/2
Not Accepted
0
Other: The 'Other' answer is manually validated and assigned a score which is used as a multiplying factor, as per the table below:
Accepted
1/1
Not Accepted
0
Duplicate
0
Open text box: The open text box is not scored and is for reporting purposes only.
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