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
Codes and Standards | Aug 12, 2021
AGC pushes for more environmentally friendly construction
Contractor trade group supports government investment, tax incentives to reduce carbon footprints.
Codes and Standards | Aug 11, 2021
Decentralized approach to codes means emissions reduction responsibility falls on local officials
Efficiency advocates focusing more on local code amendments.
Codes and Standards | Aug 10, 2021
Dept. of Energy issues model energy code determinations for commercial, residential buildings
2021 IECC offers 9.4% site energy savings.
Digital Twin | Aug 9, 2021
Digital Twin Maturity white paper offers guidance on digital twin adoption
Provides lifecycle map and an approach for incorporating digital twins.
Codes and Standards | Aug 5, 2021
Contractors can be liable for building failures many years after project completion
Personal injury suits could be brought decades after substantial completion.
Codes and Standards | Aug 4, 2021
Mass timber is a natural choice for building recycling through deconstruction
Designing wood buildings to optimize recovery of materials for disassembly aids carbon sequestration.
Codes and Standards | Aug 3, 2021
Dept. of Energy releases initial version of the Spawn of EnergyPlus software
Targets new use cases in advanced controls, district systems, and grid integration.
Codes and Standards | Aug 2, 2021
Several U.S. cities among most expensive places to build in the world
San Francisco, New York, and Boston head the domestic list.
Codes and Standards | Jul 28, 2021
American Concrete Institute creates new director of innovative concrete technology post
Aim is to attract emerging technologies for development.
Codes and Standards | Jul 28, 2021
Higher ed faces infrastructure backlog of $112.3 billion
Study recommends integrated strategic planning for best results.
