GE Real Estate Commits to Green
GE Real Estate is among the world’s larger real estate investment companies, with $72 billion in assets in 31 countries; its investment business generates more than $30 billion in transactions annually. Joined by President Bill Clinton at the Greenbuild conference in Chicago in November 2007, the company announced that it would not only make environmental responsibility part of its investment criteria but also partner with the Clinton Climate Initiative to retrofit the existing buildings in its portfolio to achieve greater energy efficiency. GE Real Estate plans to track the energy and environmental performance of its portfolio just as it tracks financial performance; the company will also use LEED and equivalent rating systems throughout the world to evaluate new purchases and benchmark the existing portfolio. More information is available at.
Published December 4, 2007