SASB Real Estate Services
SASB
Offers real estate services focusing on brokerage and green management.
The SASB Real Estate Services costs $0 USD. Renewal costs $0 USD every 12 months.
Key Strengths
- Developed by SASB (now part of IFRS Foundation), a globally recognized standards body
- Industry-specific metrics tailored to real estate services sector
- Widely referenced by institutional investors and ESG rating agencies
- Covers material topics including energy management, climate resilience, and tenant health
- Facilitates comparability across real estate companies for investor decision-making
- Aligned with broader IFRS Sustainability Disclosure Standards (ISSB)
Ideal For
This standard is best suited for publicly traded real estate companies, REITs, and property management firms that need to communicate material sustainability information to investors and stakeholders. It is particularly valuable for sustainability officers, investor relations professionals, and ESG analysts working within the real estate sector who want to align disclosures with globally recognized frameworks.
Target Audiences
Relevant Roles
Industries
Alignment & Recognition
Accrediting Body
Scope
Overview
The SASB Real Estate Services program sets standards to help real estate companies disclose material sustainability information to investors. Founded to improve transparency and performance, it addresses key areas such as energy management, climate resilience, and tenant health. Statistics show better sustainability practices can lead to reduced operational costs and risks. The program offers certification for organizations and real estate professionals, ensuring they meet rigorous guidelines. Important clients include large real estate investment trusts and property management firms dedicated to sustainable practices.
Requirements & Verification
Evidence Requirements
Organizations are required to collect and report quantitative and qualitative data aligned with SASB's Real Estate Services industry-specific metrics. This includes data on energy consumption, water usage, greenhouse gas emissions, climate risk exposure, and tenant engagement practices. Companies self-report against these metrics in their annual sustainability or integrated reports, with disclosure quality subject to investor and third-party scrutiny.
Prerequisites
Assessment Process
There is no formal exam for the SASB Real Estate Services standard. Organizations adopt the standard voluntarily and disclose against its metrics in public sustainability or annual reports. Disclosure quality may be reviewed by third-party assurance providers or ESG rating agencies, but there is no standardized audit or certification assessment process administered by SASB directly.
Renewal & Compliance
SASB standards are periodically updated by the IFRS Foundation/ISSB. Organizations are expected to adopt the most current version of the standard in their annual disclosures. There is no formal renewal cycle or recertification fee; ongoing compliance is maintained by updating disclosures annually in line with any revised metrics or guidance issued by SASB/ISSB.
Accountability Model
Consider Alternatives If...
Organizations that are small, privately held, or not subject to investor ESG scrutiny may find the standard overly complex relative to their reporting needs. Companies seeking a building-level or product-level certification (such as LEED or ENERGY STAR) rather than an organizational disclosure framework should consider alternatives.
Alternative Programs
Frequently Asked Questions
Quick Facts
Certification
English
2012