GRESB Infrastructure December, 2018

GRESB: The ESG Benchmark for Real Assets VISION Sustainable Real Assets GRESB assesses and benchmarks the ESG performance of real assets, providing standardized and validated data to capital markets MISSION STRATEGY PILLARS ASSESSMENTS Working in collaboration with the industry, we define the benchmark for sustainability performance in real assets TECHNOLOGY Our technology platform applies best practices in data science to validate, score and benchmark ESG performance data STAKEHOLDERS We convene a global community of organizations working together to achieve a shared vision of sustainable real assets

2018 Participation Real Estate Infrastructure

Sustainability Benchmarking for Real Assets INVESTORS GRESB ASSESSMENT MANAGERS INVESTOR PERSPECTIVE ESG ANALYTICS ESG PERFORMANCE DATA

GRESB - Fund and Asset Assessment Funds with ≥25% asset participation FUND SCORE GRESB ASSET SCORE 30% 70% GRESB FUND SCORE FUND ASSESSMENT ASSET ASSESSMENT

GRESB Infrastructure Development – Funds Average % of fund’s portfolio reporting to GRESB Asset Assessment 2018 55% 100 2017 44% 75 Total Funds (+17%) 64 $100bn+ GAV 51 No OF PARTICIPANTS 50 43 Funds with >25% Asset participation 29 23 2016 2017 2018

GRESB Infrastructure Development – Assets 300 280 Total Assets (+75%) $500bn+ GAV 200 160 Europe (+92%) 134 No OF PARTICIPANTS 100 2016 2017 2018

GRESB Infrastructure – Global Coverage – 2018

Competencies Validation Objective Scoring Peer Benchmarking

Performance Indicators GRESB Asset Level Indicators Performance Indicators

2018 - Sector Scores

IMPLEMENTATION & MEASUREMENT Aggregated GRESB Scores History 48 GRESB SCORE 2018 Average 2018 Global Average 2016 IMPLEMENTATION & MEASUREMENT MANAGEMENT & POLICY 46 2018 Average 2017 49 MANAGEMENT & POLICY 2018 Average IMPLEMENTATION & MEASUREMENT

Outputs Scorecard Benchmark Report Portfolio Analysis Data Downloader Participant information tools Scorecard Free to all participants Comparative Intelligence Benchmark Report GRESB Member benefit [available ala carte] Management Introspection Portfolio Analysis Data Downloader GRESB Members only Advanced Analytics

Scorecard and Benchmark Reports

GRESB Infrastructure 2019 GRESB Infrastructure process & timeline

GRESB Infrastructure Members Investor Members Fund Manager, Asset Operator and Company Members

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