Rating Systems and Measurement

Cromwell use a variety of rating systems and schemes to measure sustainability performance and identify areas for improvement. These include;

  • Global Real Estate Sustainability Benchmark (GRESB) to benchmark ESG performance;
  • Dow Jones Annual Corporate Sustainability Assessment;
  • National Australian Built Environment Rating System (NABERS www.nabers.gov.au) to measure the operational impacts from energy and water of properties on the environment and to provide an indication of how well the impacts are managed. The Building Energy Efficiency Certificate is a legislated requirement (BEED Act) for building owners to provide a NABERS energy and water rating as well as a separate lighting efficiency assessment when offering to sell a commercial premise or lease any part over 1,000 sqm;
  • Green Building Council of Australia (GBCA www.gbca.org.au) Green Star rating scheme, a comprehensive voluntary environmental rating system that evaluates the environmental design and construction of new and refurbished buildings;
  • Building Research Establishment Environmental Assessment Method (BREEAM) First published by the Building Research Establishment (BRE) in 1990, BREEAM is the world's longest established method of assessing, rating, and certifying the sustainability of buildings in international markets including the UK.
  • Energy Performance Certificates (EPC) are a European-wide reporting requirement, and follow policy set out in the European Energy Directive (EED). EPC’s are mandatory for all properties leased or sold, the supporting policy is however, only a guideline and therefore actual legislation differs in all countries. e.g. the UK version is called the Energy Savings Opportunity Scheme (ESOS); and
  • Article 8 of the EED is currently the only other reporting requirement for Europe. It targets large enterprises with over 250 employees, or with a total revenue of more than €50 million a year and an annual balance total of more than €43 million.

Following the publication in June 2017 of the Task Force Recommendations on Climate Related Financial Disclosure (TCFD), Cromwell has commenced an evaluation of the current reporting and disclosure processes to facilitate future reporting to measure, address and disclose future progress against the recommendations.