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
| May 15, 2012
Suffolk selected for Rosenwald Elementary modernization project
The 314-student station elementary school will undergo extensive modernization.
| May 10, 2012
Chapter 6 Energy Codes + Reconstructed Buildings: 2012 and Beyond
Our experts analyze the next generation of energy and green building codes and how they impact reconstruction.
| May 10, 2012
Resilience should be considered a sustainability factor
Since a sustainable building is one you don't have to rebuild, some building sustainability experts believe adding points for "resilience" to storms and earthquakes to the LEED sustainability rating tool makes sense.
| May 10, 2012
University of Michigan research project pushes envelope on green design
A research project underway at the University of Michigan will test the potential of intelligent building envelopes that are capable of monitoring weather, daylight, and occupant use to manage heating, cooling, and lighting.
| May 10, 2012
Fire suppression agents go greener
Environmental sensitivity is helping to drive adoption of new fire suppression agents.
| May 10, 2012
Industry groups urge Congress to leave contracting decisions to agencies
An organization of several industry groups urged Congress to leave many contracting decisions to the discretion of individual agencies by avoiding blanket mandates.
| May 10, 2012
OSHA proposes new rule to have employers find and fix hazards
The Occupational Safety and Health Administration has proposed a new regulation, Injury and Illness Prevention Program, or I2P2, which would compel employers to find and fix safety hazards.
| May 3, 2012
Stay current on green codes at AGC Environmental Conference
Keep abreast of market trends such as 2012 changes to green standards and codes at the AGC Contractors Environmental Conference, June 7-8, 2012 in Arlington, Va.
