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Current Project Status
From 29 April to 30 June 2010, GRI released the first draft of the Construction & Real Estate Sector Supplement for public feedback. Following the public survey, the GRI Working Group will review and consider all feedback received to further develop the Sector Supplement.
A second opportunity will be given in the Public Comment Period on the final draft of the Construction and Real Estate Sector Supplement at the end of 2010. The release of the Sector Supplement is targeted for mid 2011. Below, in the section "Get Involved", interested parties will find information on how to join the Practitioners’ Network in order to receive project updates.
Downloads & Links
Draft Construction & Real Estate Sector Supplement (PDF)
About the Project
Background
Sustainability reports based on the Construction & Real Estate Sector Supplement will be a time and cost efficient tool for companies to keep ahead of increasing demands of stakeholders for transparency and accountability. It will comprise of voluntary and flexible global guidelines on which to base sustainability reporting. With support of Lend Lease and Landcom a short report was produced which summarizes the issues and commonly used indicators in sustainability reporting of the construction and real estate sector. The findings fed into the development of the Sector Supplement.
A snapshot of Sustainability Reporting in the Construction and Real Estate Sector (PDF)
Development Process
GRI is working with a multi-stakeholder Working Group to create the Construction & Real Estate Sector Supplement. The Working Group includes construction and real estate companies and their stakeholders with a diverse geographical background. In a consensus seeking process the Working Group decides on the content of the Sector Supplement.
The Sector Supplement will be based on the third generation of the GRI Sustainability Reporting Guidelines the (G3 Guidelines). The development process will be in accordance with the GRI due processes under the governance of the GRI Board of Directors and the GRI Technical Advisory Committee (TAC).
Find out more about the Sector Supplement development process.
Working Group
The construction and real estate companies and stakeholder organizations represented on the Working Group include:
Alstria REIT-AG, Arup, British Property Federation, Cebu Holdings, Citycon, Essar Investments, Hermes, Hindustan Construction Company Limited, Landcom, Lend Lease, Oxford Properties Group, ProLogis, REALPac and UK Green Building Council; APG All Pensions Group, Bloomberg, Building and Wood Workers’ International, Centre for Science and Environment New Dehli, CERES, Engineers against Poverty, ILO, The Energy and Resource Institute, UNEP, University of Arizona and University of Melbourne.
Get involved
Practitioner’s Network
A Practitioners’ Network is continuously being formed for those who wish to follow the work and to be available as external resources. Information, specific questions and drafts will be communicated to the Practitioners’ Network as it becomes available. If you are interested in joining the Practitioners’ Network for the Construction and Real Estate Sector, please send an email to guidelines@globalreporting.org with ‘Subscribe CRESS’ in the subject line.
Help identify the important issues for the sector by reading the report and completing the attached questionnaire. Return the questionaire to guidelines@globalreporting.org
Contact GRI for more information about the Construction and Real Estate Sector Supplement.
Workshops
A series of multi-stakeholder workshops have taken place to discuss the range of issues for inclusion in a Construction and Real Estate Sector Supplement. These workshops intended to provide participants with an introduction to the Sector Supplement development process; facilitate stakeholder dialogue on the key sustainability issues facing the sector; and contribute functional input into the Sector Supplement development process. Workshops have been held in India and Portugal.
India
In November 2009 and the beginning of January 2010, key stakeholders were invited to join a Multi-Stakeholder Workshop on Sustainability Principles and Reporting for the construction and Real Estate Sector in the Indian Context which was held in Mumbai and in Bangalore. GRI, The United Nations Environment Programme Finance Initiative (UNEP FI), Property Working Group, a global platform of financial institutions that collaborate to drive sustainable development to the heart of mainstream property finance, and Cognito, India's leading sustainability propagation advisory, were hosting the workshops.
Sustainability frameworks help instil uniformity in measurement and reporting across organizations, but to be realistic, efficient and balanced, the framework needs to factor in geographical nuances and ground realities of each country. The Indian workshops served as a platform for key stakeholders to articulate their view on sustainability in the context of the Indian construction and real estate sector and provided local perspective on reporting parameters. The participants sensitized GRI on the Indian context and provided input and ideas which will be recognized in the development of a Construction and Real Estate Sector Supplement.
Cognito India provides a workshop-website which covers background information, presentations, outcomes and perspectives, photos and more.
GRI and UNEP Finance Initiative Property Working Group collaborated on the first workshop which was held in Mumbai on the 18 November 2009. The second of the two workshops in India was held on 6 January 2010 in Bangalore in collaboration with UNEP SBCI.
Portugal
A multi-stakeholder workshop on Sustainability and the Construction and Real Estate in Portugal is being organized by Sustentare and sponsored by Multi Mall Management Portugal on 12 January 2010 in Lisbon, Portugal.
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