0

20000

40000

60000

20162015201420132012

Num

ber

of A

sset

s R

epor

ted

Asset Data

Portfolio Data

New Construction

0%

20%

40%

60%

80%

100% Other methods- Manual–visual readings- Provided by tenant - Other

Entities ranked by % of portfolio monitored LowHigh% o

f cov

erag

e by

type

of m

onito

ring

Automatic Meter

Readings

Basedon

Invoices

! "

70

60

50

40

2010 2011 2012 2013 2014 2015 2016

75

50

25

2016 2015

PerformanceIndicators

BuildingCertifications

Stakeholder Engagement

Management

Policy &Disclosure

Risks &Opportunities

Monitoring & EMS

75

64

6648

44

64

83

Australia/NZ

Asia

Europe

NorthAmerica

E

T

S

C

E

T

S

C

E

T

S

C

E

T

S

C

EmployeesE TenantsT Supply chainsS CommunitiesC

2016 Improvement!

2016 Decline"Average Score/Type

2014438 GWh 592 GWh

2015

0.6% of totalenergy consumption

GRESB RatingThe GRESB Rating is an overall measure of how well ESG issues are integrated into the management and holdings of real estate companies and funds. The rating is calculated relative to the global performance of reporting entities.

2016 GRESB Snapshot

0 50 100

50

0

100

Prom

otio

n of

hea

lth

of e

mpl

oyee

s

Promotion of health through products and services

Leading in internal operations

Leading in products/services

Leading in both internal operations and products/services

GRESB H&W Average

174Entities

Average Score

58100

Leaders

62

OfficeListed

Australia/NZ

20112012

2013

20142015

2016

GRESB Model GRESB Aspects

Health & Well-being

Portfolio vs. Asset Data

Monitoring Energy Consumption in Buildings

$2.8 trillionThe total gross asset value (GAV) of companies and funds reporting to GRESB Real Estate in 2016.

201 entities are publicly traded, the remainder are private equity funds and accounts.

The 2016 GRESB Real EstateAssessment covers 66,000 assets across 63 countries on 6 continents.

759 Entities 63 Countries

Carbon Management

External review of carbon emissions data

Reporting carbon intensity data

Offsetting carbon emissions

Reporting carbon emissions data

Data management system in place

Risk assessments include carbon emissions

Due diligence process includescarbon emissions

Carbon emissions target in place

ESG policy includes carbon emissions

2016 Improvement

100%0% % of entities

!

0%

20%

40%

60%

80%

100%

Global Average

Australia/NZ

Asia

Europe

North America

9876543210

Leaders(>= 7 indicators)

Number of carbon management practices reported

% o

f ent

ities

ESG Performance Dynamics

Key Performance Indicators (Total Footprint)Renewable Energy(generated on-site)

Stakeholder EngagementThe GRESB Real Estate Assessment provides stakeholder engagement indicators addressing employees, tenants, supply chains and communities.

99TWhEnergy!

3.5 months of the total electricity supply in the UK

27.9MtCO2"

3.5% of the CO2 emissionsfrom all global flight activity in

2015

0.47km3

Water#

20,000 times the volume of the Lincoln Memorial Reflecting

Pool

15.5MtWaste$

2.5 times the weight of the Great Pyramid of Giza

GRESB provides systematic assessment, objective scoring and peer benchmarking of real asset investments around the world. GRESB’s unique data on the environmental, social and governance (ESG) performance of property companies and fund managers allows investors to better manage ESG risks and to enhance returns.

Overall GRESB scores continued to increase. The average GRESB Score increased from 55 to 60.

Australia/NZ entities outperformed all other regions with an average score of 74.

Office companies and funds outperformed other property types with an average score of 66.

Listed property companies outperformed private equity funds by 6 points.

Companies and funds reporting to GRESB significantly improve over time. Entities reporting for 7 years outperform the global average by 12 points.

In 2016, 227 entities reported data on 22,000 individual assets through automated data connections (APIs) or the GRESB Asset spreadsheet. The remainder of the GRESB data was reported at the portfolio level.

The GRESB Assessment aggregates information about data coverage (i.e., the fraction of a portfolio for which data is available) and data collection strategies (e.g., meters, invoices, etc.). GRESB participants use a mixture of automated meters, invoices and other methods to collect electricity consumption data. Approximately half of GRESB participants have electricity consumption data for their entire portfolio.

GRESB Carbon Management indicators can be considered individually (left panel) or as a set (right panel).

Key Performance Indicators GRESB Investor and Bank Members

AN OMERS WORLDWIDE COMPANY

© 2016 GRESB BV

About GRESBGRESB is an industry-driven organization committed to assessing the environmental, social and governance (ESG) performance of real assets globally, including real estate portfolios (public, private and direct), real estate debt portfolios and infrastructure. More than 200 members, including 58 pension funds and their fiduciaries, use GRESB data in their investment management and engagement process, with a clear goal to optimize the risk/return profile of their investments. For more information, visit www.gresb.com.

GRESB defines “like-for-like” as the fraction of a portfolio continuously owned by an entity for at least 24 months. Like-for-like measurements represent a relatively stable sub-set of a portfolio, and they may better reflect management actions to improve performance. GRESB like-for-like metrics do not directly account for variation in weather, occupancy or other factors.

GRESB provides two complementary measures of portfolio-level resource productivity, including environmental impact (energy, GHG, water and waste) per floor area and per dollar of gross asset value (GAV). Resource productivity varies between property types. Lower intensities indicate relatively less environmental impact per unit floor area or per dollar of asset value.

Institutional capital represented by 58 GRESB Investor Members

$7.6 trillion

Like-For-Like Change2014-2015 (relative)

Intensities2015

-1.2%-997GWh

ENER

GY

!Equivalent of

73,988 homes

OtherHotelResidentialIndustrialOfficeRetail

kWh/m2

GRESB Averages

MWh/$1M GAV

158 171 158

34 4290

44 31

1043734

102

357

279

-2%

-427kt

CAR

BO

N E

MIS

SIO

NS

"Equivalent of

90,197passenger cars

OtherHotelResidentialIndustrialOfficeRetail

kg/m2

GRESB Averages

tonnes/$1M GAV

40

66

45

4 1229

4 7

281410

27

97

63

-1.9%

-3hm3

WAT

ER

#Equivalent of

1,200 Olympic pools

OtherHotelResidentialIndustrialOfficeRetail

l/m2

GRESB Averages

m3/$1M GAV

1,088

571 810

146 229152203

410644

128239

921

2,236

512

Change in % of landfill waste

-1.97%

-135kt

WAS

TE

$

Equivalent of 14,963

truck loads

OtherHotelResidentialIndustrialOfficeRetail

kg/m2 GRESB Averagestonnes/$1M GAV

32

65

1 1621 2 3627 7 11 14

127