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GRI Launches Consultation for Real Estate Sector Sustainability Reporting Guidelines

Supported by Jones Lang LaSalle

London, 10th May 2010 – The Global Reporting Initiative (GRI), the world’s leading sustainability reporting standard, is seeking industry comment on a draft version of the The Global Reporting Initiative (GRI). The standard has been developed by GRI and a working group of real estate specialists – supported by Jones Lang LaSalle the aim of helping to improve the consistency of sustainability reporting within the sector.
GRI (an independent collaborating centre of the United Nations Environment Programme) has pioneered the development of the world’s most widely used sustainability reporting framework.  The framework sets out principles that organisations can adopt to measure and report on their economic, environmental, and social performance.  The Construction and Real Estate Sector Supplement is an enhanced and tailored version of the GRI Guidelines, with guidance on sector relevant disclosures and industry specific key performance indicators. Hammerson, ProLogis and Sonae Sierra already use the GRI Guidelines and others are likely to follow suit once the updated GRI Construction and Real Estate Sector Supplement guidelines are issued in mid 2011.
Matthew Tippett, Director at Upstream Sustainability Services, Jones Lang LaSalle, said: “With the built environment contributing around 30-40% of greenhouse gas emissions globally, as well as 30-40% of solid waste generation from construction and occupation, the imperative to develop global guidelines to support the sector in reporting its sustainability impacts – and ultimately drive improved performance – has never been more pressing. We encourage the industry to take part in the consultation so that the guidelines reflect the needs of the sector at all levels.”
In collaboration with the GRI and a working group of sustainability reporters and industry experts including Hermes (with the British Property Federation and UKGBC), Lend Lease, ProLogis, Oxford Properties, Arup, Landcom and Citycon, Jones Lang LaSalle is supporting the consultation and consensus building process to ensure that the guidelines reflect the needs of the sector.
The first of two Public Comment periods will run between the 29 April and 30 June 2010 to gather the views of anyone who is interested in providing feedback on the first draft Construction and Real Estate Sector Supplement.  Please visit the GRI website to respond to the survey.