ESG Solutions
Social Performance™ By Fitwel®
Fitwel® ★ ★ ★
Marriott International, Maryland, USA | Image Courtesy of Garrett Rowland
We’re changing the ESG landscape.
“If you fail to see the investment in health, you risk stranded assets.”
Jamie Gray-Donald
Senior Vice President, Sustainability & EHS,
QuadReal
This first-to-market social solution takes certified data and validated research to elevate the critical connections between health, the environment and economic value. Together with Fitwel’s existing asset-level certification, Social Performance provides 100% portfolio assessment.
Quantifying the impact of ‘S’ on Asset Value
For the first time, we’ve overlayed our extensive health research and financial data to identify strategies that have the greatest impact on stakeholders and asset value. Introducing Social Performance by Fitwel, a groundbreaking new entity-wide ESG solution.
Strategies are organized across six Targeted Outcomes, established through a year-long exploration of the evidence-based relationship between health-promoting built environment interventions, ESG efforts, and financial value.
“Health Drives Value in Real Estate” findings found health-promoting strategies were associated with positive tenant satisfaction. Click here to learn more and access the report.
Supporting High-Quality Environments
Assess the effectiveness of your projects and portfolios in addressing fundamental environmental health hazards such as air and water quality, noise, maintenance, and more. By doing so, you enhance sustainability and overall well-being, benefitting both your assets and the community.
Fostering Climate Change Resilience and Preparedness
Assess how well your projects and portfolios mitigate and adapt to the challenges posed by climate change, emergencies, and disasters. By safeguarding real asset resilience, you ensure the long-term stability of your buildings and your valuable investments.
Engaging with Occupants and Community Stakeholders
Leverage social metrics to gauge collaboration and the resolution of stakeholder concerns. By incorporating feedback and nurturing engagement within projects and portfolios, you build stronger connections and more sustainable relationships.
Advancing Equity
Harness social metrics to appraise the successful execution of policies and interventions that guarantee safe access to opportunities, spaces, and health for all occupants and employees. Empower your real assets to promote inclusivity and drive positive change.
Optimising Assets for Walking and Active Transportation
Assess the effectiveness of creating an environment that promotes sustainable mobility and well-being through walking, biking, and public transportation. A commitment to sustainable transportation benefits everyone.
Enriching Access to Natural Elements
Employ social metrics to appraise the seamless integration of biophilia into the environment, enhancing the connection between people and nature. Connecting with nature fosters well-being and creates harmonious spaces.
Data you can trust, backed by evidence
What You Can Expect
1. A report highlighting certified metrics, including key stats and accompanying narratives to supplement regulatory and compliance reporting, as well as marketing and ESG submissions
2. Rankings to provide valuable insights on how your fund’s assets are performing relative to industry competitors
3. A gap analysis identifying specific areas for targeted investment and improvement over time
Fitwel® ★ ★
200 West Madison, Chicago, USA | Image Courtesy of BGO
Defining Excellence in Building Health & Value
The initial pilot of Social Performance was led by Fitwel Leadership Advisory Board (LAB) members, including BGO, Harrison Street, Hudson Pacific Properties, Lendlease Americas, PGIM, QuadReal Property Group, and Vornado Realty Trust, and expanded to a larger pilot cohort, including, Barings, Kayne Anderson Real Estate, Fabrix, and others.
Fitwel® ★ ★
Oracle Headquarters, Redwood Shores, USA | Image Courtesy of Oracle
“PGIM Real Estate is committed to thoroughly understanding our market position and risk exposure. Our strategic focus on strengthening reporting not only enhances our insights but helps give us a competitive advantage. By incorporating insights from Social Performance into our strategy, we’re creating a foundation for data-driven decision-making and long-term sustainability.”
Christina Hill
Global Asset Manager and Head of Sustainability
PGIM Real Estate
Read the Full Press Release
Continue Below to Learn More about People-Centric Metrics
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With Environmental, Social, and Governance (ESG) investments on track to surpass $53 trillion by 2025, the real estate industry requires data-driven solutions that provide metrics and insights on material risk. The Fitwel Platform offers a viable entity-wide approach for consistently tracking and integrating people-centric metrics to quantify the “S” in ESG.
ESG RESOURCE
Fitwel's Guide to Measuring "S" — Quantifying ESG from a People Perspective
To future-proof portfolios of assets, all aspects of the real estate industry will include data-driven decision-making and a renewed focus on individual as well as societal health. Download the Guide
Based on exploration and analysis of academic research, leading ESG frameworks, and interviews with leading stakeholders, this Fitwel Guide outlines 5 key areas and metrics for quantifying the “S” in ESG reporting.
1. Location
Optimize Location to Respond to Market Demand
2. Operations & Performance
Implement Rigorous Operational Policies and Performance Testing to Increase Net Promoter Score and Productivity
3. Amenities
Improve Access to Resources and Amenities to Increase Property Values
4. Design
Design Spaces for Health to Promote Productivity
5. Programming & Evaluation
Implement Programming and Evaluation to Improve Tenant Retention
“The real estate industry has been thinking in terms of brick-and-mortar risk, but it will need to better understand how to minimize the impact [of] climate change on the people in buildings. After all, it's people that ultimately determine the value of real estate.”
Joanna Frank
President & CEO
Center for Active Design
From Bisnow, More Regulation, Less Revenue: What CRE Execs Worry About For 2023
ESG RESOURCE
Fitwel GRESB Crosswalks
More than 1/3 of GRESB indicators align with Fitwel either through implementation of a strategy or asset-specific certification.
Fitwel offers more than 100 strategies that have a measurable impact on health and ESG scoring that span location, operations and performance, amenities, design, and programming and evaluation.
Fitwel GRESB Crosswalk for Multifamily Residential Properties
16 GRESB Indicators directly align with strategies found within the Fitwel Multifamily Residential (MFR) Scorecard.
Fitwel GRESB Crosswalk for Workplace Properties
19 GRESB Indicators directly align with strategies found within the Fitwel Workplace Scorecards.
“A Race to Quality” — An Interview with Hudson Pacific
Hudson Pacific was recently ranked #1 out of 96 companies in GRESB's Office Americas peer group. Sara Karerat, Director of Applied Research at Center for Active Design recently sat down with Natalie Teear — Hudson Pacific Properties, SVP of Innovation, Sustainability, Social Impact to discuss how they're implementing Fitwel strategies around health to boost tenant scores and value as part of their ESG journey.
FITWEL CHAMPION
Perkins & Will
The Yonge Studio, 110 Yonge Street, Toronto, Ontario, Canada