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
| Sep 30, 2011
Cement Industry Advocates For Environmental Regulatory Relief
EPA regulations impacting the cement industry could force the closure of 18 of the nearly 100 US cement plants and cost 4,000 manufacturing jobs .
| Sep 30, 2011
IRS Releases New Rule On Reclassifying Independent Contractors
The Internal Revenue Service (IRS) has a new Voluntary Classification Settlement Program that allows an employer to reclassify independent contractors as employees if those workers previously were misclassified.
| Sep 29, 2011
Illinois Grapples With Definition of ‘Clean’ Construction Debris
The Illinois Pollution Control Board holds hearings this week about construction debris rules proposed by the state Environmental Protection Agency.
| Sep 15, 2011
Alabama Prepares First Statewide Residential Building Code
Following a series of devastating tornadoes that ripped through Alabama on April 27th, the state is preparing to implement the first statewide building code for residential structures.
| Sep 15, 2011
New Label Established For Energy Efficient Doors in UK
The British Fenestration Ratings Council (BFRC) has established a labelling program for all types of domestic pedestrian doors.
| Sep 15, 2011
EPA Releases New High-Rise Residential Energy Star Rating
The U.S. Environmental Protection Agency recently announced an Energy Star rating for multi-family high-rise buildings.
| Sep 15, 2011
Bill Seeks To Spur Stronger Building Codes Nationwide
The Safe Building Code Incentive Act of 2011 would provide strong financial incentives for states to adopt and enforce strong building codes.
| Sep 15, 2011
New Federal Law Limits Amount of Formaldehyde in Wood
President Obama signed into law legislation that limits the amount of formaldehyde in wood. The new measure will impact particle board and other composite wood products .
| Sep 12, 2011
Living Buildings: Are AEC Firms up to the Challenge?
Modular Architecture > You’ve done a LEED Gold or two, maybe even a LEED Platinum. But are you and your firm ready to take on the Living Building Challenge? Think twice before you say yes.
| Sep 8, 2011
OSHA issues alert on incorrectly rebuilt circuit breakers
The Occupational Safety and Health Administration (OSHA) has issued a hazard alert, warning workers and employers of certain Eaton/Cutler-Hammer molded-case circuit breakers that were incorrectly rebuilt.