Green Business Certification Inc. (GBCI) says it is transitioning its ownership of GRESB to Summit Partners, a global alternative investment firm.
GRESB is an organization that assesses the sustainability performance of real estate and infrastructure portfolios and assets. “GRESB has been a pioneer in the ESG space by putting in place a transparent and structured framework to best collect, validate, and analyze data, thereby providing investors with reliable ESG information and meaningful global sustainability benchmarks,” according to a GBCI news release.
“The last six years of GRESB, under GBCI’s leadership, has seen tremendous growth as we worked to build out its value proposition and improve ESG transparency around the world,” said Mahesh Ramanujam, president & CEO, GBCI. “GBCI feels the time is right to transition GRESB to help it grow even further.”
GRESB data covers $5.3 trillion in real estate and infrastructure value, and is used by more than 100 institutional and financial investors to make decisions that are leading to a more sustainable real asset industry, GBCI says.
Related Stories
Healthcare Facilities | Jun 10, 2016
Top 10 health technology hazards include some influenced by space design
ECRI Institute’s annual list includes operational and workflow issues.
Codes and Standards | Jun 9, 2016
Supreme Court ruling could aid developers on properties containing wetlands
Unanimous decision allows landowners to take regulatory decisions straight to court.
Green | Jun 8, 2016
TD Bank Group's renovated Toronto office is first WELL-Certified project under WELL v1
The newly renovated 25,000-sf space achieved gold-level status.
Concrete | Jun 7, 2016
Concrete Institute publishes document providing concrete curing guidance
New curing monitoring techniques included.
Energy | Jun 7, 2016
Energy modeling payback typically as short as one to two months
Energy modeling is a ‘no-brainer—like checking MPG on a car’
Green | Jun 2, 2016
USGBC offers new LEED pilot credit: Building Material Human Hazard and Exposure Assessment
For assessing human health-related exposure scenarios for construction products.
Resiliency | Jun 1, 2016
Federal agencies boost standards for more resilient construction
HUD, FEMA, GSA, Army Corps of Engineers make policy changes.
Green | May 31, 2016
Miami Beach requires developers to meet green standards or pay a fee
Applies to structures larger than 7,000 sf.
Codes and Standards | May 27, 2016
Better enforcement needed for successful implementation of energy efficiency policies
Commercial buildings the focus of recent code initiatives.
Codes and Standards | May 25, 2016
LEED Dynamic is worth the effort, says commercial real estate executive
San Diego office tower is California’s first office building to receive LEED Dynamic plaque in recertification.