GRESB Infrastructure December 2018 GRESB The ESG Benchmark

GRESB Infrastructure December, 2018

GRESB: The ESG Benchmark for Real Assets VISION Sustainable Real Assets MISSION GRESB assesses and benchmarks the ESG performance of real assets, providing s t a n d a r d i z e d a n d v a l i d a t e d d a t o ca pi tal markets STRATEGY PILLARS ASSESSMENTS TECHNOLOGY Working in collaboration with the industry, we define the benchmark for sustainability performance in real assets Our technology platform applies best practices in data science to validate, score and benchmark ESG performance data STAKEHOLDER S We convene a global community of organizations working together to achieve a shared vision of sustainable real

2018 Participation Real Estate Infrastructure

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

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

GRESBAverage Infrastructure Development – Funds % of fund’s 2018 55% 100 portfolio reporting to GRESB Asset Assessment 2017 44% No OF PARTICIPANTS 75 64 50 Total Funds (+17%) $100 bn+ GAV 51 43 29 23 0 2016 2017 2018 Funds with >25% Asset participation

GRESB Infrastructure Development – Assets 300 280 Total Assets (+75%) No OF PARTICIPANTS $500 bn+ GAV 200 160 Europe (+92%) 134 100 0 2016 2017 2018

GRESB Infrastructure – Global Coverage – 2018

Competencies Validation Objective Scoring Peer Benchmarking

GRESB Asset Level Indicators Certifications & Awards 2. 5% Management 12. 3% Policy & Disclosure Performance Indicators 12. 0% 30. 4% GRESB SCORE 22. 2% 10. 4% Stakeholder Engagement 10. 2% Monitoring & EMS Risks & Opportunities

2018 - Sector Scores

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

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

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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