CLIMATE RESILIENCE SERVICES - Creating real asset value in a changing climate - EVORA Global
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CLIMATE RESILIENCE SERVICES Creating real asset value in a changing climate
SERVICESRESILIENCE
CLIMATE OVERVIEW OUR APPROACH
Climate risk is now considered an investment risk for We give our clients confidence in
real estate assets. creating resilience to the material
climate risks for their organisation.
Resilience to climate change has two dimensions for
real estate investors:
1. Setting a pathway to Net Zero Carbon emissions
1 Net Zero Carbon Pathways
from your assets
2. Managing climate risks – physical, transition &
2 Climate Risk Management
litigation – and identifying opportunities
Our services are end-to-end from strategy to assets.
3 Data Intelligence
CLIMATE RESILIENCE OUR TEAM
Meet our Climate Resilience Team
The EVORA team is comprised of
leaders in climate strategy and
building performance for real estate. Matthew Brundle Ryan Sit Chris Burgess
We have a long history of working on
real estate sustainability and ESG
programmes, and we are excited to
partner with you to manage your
portfolio’s climate resilience.
Peter Willcocks Philippa Gill Oli Pye
SERVICESRESILIENCE
CLIMATE OVERVIEW CLIENTS
OUR CLIENTS TRUST OUR CLIMATE RESILIENCE EXPERTISE
• EVORA performed a gap analysis • EVORA completed a secondment • EVORA undertook a gap analysis
to assess alignment with TCFD with Grosvenor Europe to develop of internal processes against
recommendations a net zero carbon (NZC) pathway TCFD recommendations
• We developed a roadmap to for their European portfolio • We developed a roadmap to
address these gaps • We created asset-level NZC address the gaps over a 2-3 year
• We undertook Climate Resilience pathways to identify specific period
assessments of social and interventions necessary for the • We reviewed pre- and post- due
transition risks, including an portfolio to reach NZC diligence papers to the
assessment of socio-economic • We hosted workshops to train the Transaction Committee
sensitivity to climate change senior management team on NZC • We identifying how climate
• We set science-based carbon principles related risks and opportunities
reduction targets for the fund could be integrated into the
investment process
NET ZERO CARBON PATHWAYS
SERVICESRESILIENCE
CLIMATE OVERVIEW OUR NET ZERO CARBON APPROACH
Net Zero Carbon (NZC) is more than a We work with all stakeholders in your
buzzword for the industry. This target is organisation to integrate NZC
underpinned by climate science and it is throughout the investment process.
required to prevent damaging change.
The UK and EU have adopted laws requiring
net zero, or carbon neutrality, by 2050.
1 Portfolio Strategy
The pathway to Net Zero is an ambitious
challenge but also a wonderful opportunity.
2 Carbon Footprint Analysis
We work with real asset investors to develop 3 Target Setting
Net Zero strategies.
4 Asset Pathways
SERVICESRESILIENCE CLIMATE OVERVIEW OUR NET ZERO APPROACH
SERVICESRESILIENCE
CLIMATE OVERVIEW OUR NET ZERO APPROACH
CARBON
PORTFOLIO TARGET ASSET
FOOTPRINT
STRATEGY SETTING PATHWAYS
ANALYSIS
EVORA’s experience in the It is essential to capture We understand the diverse Our team of engineers can
real estate sector is all relevant carbon nature of real estate and implement your strategy
unparalleled. Achieving emissions associated with the impact fund strategies by performing asset-level
ambitious sustainability each stage of ownership. have on carbon and energy net zero and resilience
goals such as net zero Setting boundaries for reduction targets. studies. EVORA is also
carbon will require emissions is important to skilled at completing
wholesale review of your reflect what is material We have methodologies embodied carbon
organisation’s business and practical to collect and tools to enable assessments for new
strategy. and to avoid double development of long-term developments – and
counting. targets running to 2030 guiding design teams to
EVORA will work with you and 2050. minimise this large carbon
to develop strategies to EVORA has a depth of impact for portfolios.
support: experience in carbon EVORA has set and
- acquisitions due footprinting. We have tracked numerous EVORA can identify
diligence completed total value science-based targets for opportunities to reduce
- developments & chain Scope 1-3 carbon diversified Pan-European emissions at your assets -
refurbishments footprinting for many portfolios. We set targets and quantify the impact of
- property management major organisations. that are ambitious, their progression on your
- tenant engagement credible, and achievable. bottom line.
CLIMATE RISK MANAGEMENT
SERVICESRESILIENCE
CLIMATE OVERVIEW OUR CLIMATE RISK MANAGEMENT APPROACH
Climate Risk is now considered an investment EVORA can give you confidence in
risk for real estate assets. understanding, managing and mitigating the
material climate risks to your investments
Climate risks include transition risks such as Net
Zero Carbon and energy reduction regulations;
physical risks exacerbated by climate change; and 1 Gap Analysis of Risk Readiness
liability risks due to insufficient or improper
governance and disclosure.
2 Asset Risk Audit
There is an urgent need for real estate investors
to gain confidence in how to manage and disclose
these risks. Data intelligence can support making
3 Risk Materiality Assessment
smart decision-making about how to manage
them. 4 Training & CoachingSERVICESRESILIENCE
CLIMATE OVERVIEW SERVICES MAP FOR INTEGRATED CLIMATE RISK MANAGEMENT
CORPORATE GOVERNANCE & INVESTOR MANAGEMENT
• Gap analysis of organisational preparedness using • Develop key risk indicators and targets
Climate Risk Radar • Assist with corporate reporting and disclosure (e.g.
• Training & coaching for Board & Committee members GRESB Resilience Module, TCFD)
on fiduciary duty on climate risk
• Incorporate material risk analysis into relevant
corporate strategies
ASSET & FUND DEVELOPMENT
INVESTMENT MANAGEMENT
MANAGEMENT MANAGEMENT
• Material risk analysis aligned to
• Material risk analysis (by region and • Integration of climate risk into new
investment strategy
Using our Climate Risk Radar, asset type) and management development guidance (e.g. net
• Training & coaching for investment
• Completion of asset-level climate zero targets)
EVORA can help you resilience audits
managers on climate risk
• Training and design team coaching
• Review of due diligence processes
communicate and visualise • Training & coaching for asset and
to avoid acquisition of
for net zero carbon design
risk preparedness to fund managers on climate risk • Development of carbon targets and
unmanageable climate risk
• Development and reporting of key KPIs for new developments (i.e.
investors and peers. risk indicators and asset risk
• Development of key risk indicators
embodied carbon, energy use
and impact on value drivers for
register intensity)
assetsCLIMATE RESILIENCE SERVICES MAP FOR INTEGRATED CLIMATE RISK MANAGEMENT
RISK IMPACT DRIVERS OF
MATERIALITY PATHWAYS VALUE
➢ Physical damage Rental Income
Floods ➢ Regulation Rental Growth
Heatwaves ➢ Business disruption Occupancy
Storms ➢ Cost of operation Capital/Exit
Fires ➢ Covenant strength Value
Civil Unrest ➢ Competitive advantage Cost Recovery
Litigation ➢ Legal action Asset Quality
Pandemic ➢ Brand reputation Desirability
➢ Fiduciary duty Connectivity
➢ Health and safety Price Sensitivity
ESG MEGA-TRENDS 2020
1. Increasing environmental & social disruption (i.e. extreme weather) -
2. Increasing ESG policy & regulations 2030
3. Increasing (internalised) costs of ESG mitigation & adaptationNZC & CLIMATE RISK DATA INTELLIGENCE
DATA INTELLIGENCE SIERA
THE #1 ESG DATA MANAGEMENT PLATFORM FOR REAL ESTATE INVESTORS
Data intelligence is the EVORA’s unique capability is in part due to our proprietary
foundation of every sustainability software.
successful ESG strategy. SIERA is used across the real estate investment sector with data
intelligence provided to more than 40 international investment
management companies.
We fully understand this
principle which is why we • Reduces the time and effort of data acquisition by automatically
have integrated SIERA into acquiring, manipulating and transforming data for achieving NZC,
Climate Risk and ESG goals.
our services for managing
ESG risks and opportunities. • To support the conversations you need to have with your stakeholders to
improve asset performance, fulfil asset plans and meet targets.
• Makes internal reporting and external disclosure of performance easy
and ensures high integrity of data quality.DATA INTELLIGENCE
SERVICES OVERVIEW TAILORED VIEWS FOR SPECIFIC ROLES & RESPONSIBILITIES
Sustainability Leads Fund Managers Asset Managers Agents & Advisors
SIERA data intelligence is key SIERA gives you a SIERA simplifies data SIERA
SIERA helps
helps you
you deliver
deliver
to engaging stakeholders to portfolio summary of ESG collection and gives you the on
on commitments to
commitments to your
your clients.
clients.
deliver your ESG strategy. performance & risks. intelligence to make informed
investment decisions. •• See See asset
asset andand portfolio
portfolio progress
progress
• Automate and centralise the key • Clearly see which aspects of ESG against targets.
against targets.
data you need to drive efficiency are most important to your fund • Key ESG performance & risk data •• Easily
Easily identify
identify priority
priority
and quality in your data strategy. at your fingertips. assets
assets requiring further
requiring further
collection process. • Ensures you have good • Dashboard summary of intervention
intervention and and which
which actions
actions
• Visualise and track quality and consistent your asset/s to will contribute to improvement.
will contribute to improvement.
target pathways at portfolio & sustainability data to make support conversations with •• Monitor
Monitor the the status
status
asset level to get buy-in. informed decisions. Fund Managers, clients of
of interventions
interventions in in
• See progress • Easily share data with & Sustainability Leads. sustainability action plans.
sustainability action plans.
against decarbonisation clients, ESG leads and asset • Review performance •• Ensure
Ensure site-based
site-based teams
teams
pathways. managers about investment against targets in the context are
are engaged and have visibility
engaged and have visibility
• Share data easily with investment decisions and their impact on of budgets and business plans. of asset performance
of asset performance to to
management teams. ESG performance. • Access to key asset take
take ownership
ownership for for actions.
actions.
• Prioritise budgets and actions for • Visualise the impact information to support decision •• Keep
Keep track
track of of data
data quality
quality
interventions to of acquisitions, disposals making such as new leases. and
and completeness and benefit
completeness and benefit
deliver sustainability action and developments on fund- • Manage regulatory risks such from
from validation
validation tools
tools to
to
plans. level ESG targets such as as EPCs in the context of drive
drive consistency
consistency in in process
process
• Maintain an overview of carbon reduction and key rental income and lease across
across clients.
clients.
data completeness and coverage. risk indicators. renewals.
• Manage ESG & climate risks.AN EASY PROCESS FOR
DATA INTELLIGENCE
BETTER DATA QUALITY
EVORA has been acquiring and managing ESG data for 10 years. We have developed
our SIERA software to make this process easier and more robust for our clients, their
advisors and our consultants.
Our easy process for improving data quality will ensure that you have a data strategy
which is aligned to accelerate your ESG & Climate strategy with practical steps to
integrate into your organisation.
Understand the data requirements for the ESG
1 BUSINESS REQUIREMENTS
strategy including the cadence of reporting
USER REQUIREMENTS Define requirements for key users and stakeholders
2 for collection, reporting and disclosure.
DATA SOURCES - Identify the best data sources and highlight the
3 opportunities for data quality improvements
PROCESS DOCUMENTATION Document the process for automated and manual data
4 collection, including a regular review of procedures
.
Mobilise and train stakeholders to deliver on the ESG
5 USER MOBILISATION data strategy to get maximum value.THE SIERA ECOSYSTEM MAXIMISING VALUE THROUGH PARTNERSHIPS
BI Software
SIERA can integrate with other web- Data Acquisition
based software; whether your Automated meter reading. Easy invoice
Integration & Quality data acquisition to reduce manual effort in
requirement is to automate GRESB capability to push automation and
submissions, push data to business data collection. Easy-to-use tools for site
& pull data property level teams to load and validate data where full
intelligence tools or integrate with a
tools automation is not possible.
3rd-party platform.
Building
Climate Risk Performance Health &
Analysis Wellbeing
SIERA is a hub for ESG data and these
data needs are intensifying. Tailored views and features created
ESG Specialist Apps & Dashboards
SIERA is partnering with the best for specific client roles to
Data to cover the to communicate
specialist providers. communicate and engage teams in the
SIERA provides robustness,
details and engage ESG strategies you’re developing,
consistency and integrity to ensure implementing and monitoring.
the best ESG data intelligence.SIERA NZC FEATURES DATA INTELLIGENCE TOOLS TO MANAGE CLIMATE RISKS
To engage asset and
fund management
teams the NZC
Target Setting
features in SIERA
provides dynamic
science-based target
pathways at
portfolio and asset
level.
Key capabilities
include automated
data uplift to
include assets and
portfolios with
limited data
availability.CONTACT US OUR LOCATIONS
HEAD OFFICE
London +44 (0)20 3326 7333
MANCHESTER
Bolton +44 (0)1204 328 464
GERMANY
Frankfurt +49 (69) 153 294 435
ITALY
Milan +39 (335) 7610305
Email
info@evoraglobal.com
Socialise
@evoraglobal
linkedin.com/company/evora-global
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