LPO1: Sustainability Policy
Maximum Score
3 points
Prefill
Eligible
Validation
Evidence and other answer are manually validated
Is there a guidance document that describes how sustainability is incorporated into commercial real estate lending?
Assessment Instructions
Intent: What is the purpose of this indicator?
Guidance document(s) used for commercial real estate lending that include sustainability aspects. Participants must upload document evidence, and select applicable use case(s).
Input: How do I complete this indicator?
Select Yes or No. If Yes, please select all applicable checkboxes and a radio button.
Radio buttons: Only one answer is possible. Please select the most applicable.
Reporting period: Answer must refer to the reporting period as identified in EC5.
Reporting level: Answer provided must refer to the entity / business unit, not a broader organization.
For real estate debt funds and MREITs this means that response should be provided at the fund / entity level.
For institutional lenders and others this refers to the real estate lending [unit] within the organization.
Terminology
Collateral assessment
Process that evaluates property pledged by a borrower to secure a loan.
Loan approval
Formal authorization from lender that allows borrower to receive a loan.
Loan monitoring
Systematic approach on gathering of loan specific KPIs throughout the loan term.
Loan screening
Internal process focused on gathering and analysing available data related to the loan. It also includes uncovering and acknowledging risks associated with a specific lending decision.
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 the items selected for this question. If a hyperlink is provided, ensure that it is active and that the relevant page can be accessed within two steps. It is possible to upload multiple documents, as long as it’s clear where information can be found. A piece of supporting evidence document or URL cannot be uploaded for more than one disclosure method selected, i.e., identical documents will not be accepted for more than one disclosure type.
Evidence may include but are not limited to:
formal policy that outlines key lending procedures, processes and uses of sustainability-related metrics/thresholds.
any other guidance document applicable to the entity / business unit that outlines sustainability-related metrics/thresholds applicable in the lending decision-making process.
Other Answer
The other answer(s) provided will be subject to manual validation.
Answers provided under 'Other' must be outside the options listed in the indicator to be valid. State a loan origination and/or follow-up step when this guidance document is used/applied.
Scoring
Scoring: How does GRESB score this indicator?
The scoring of this indicator is equal to the fraction assigned to the selected option, 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
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