GRESB Departs GBCI Family of Rating Systems
Green building portfolios are big business. They are proven to perform better financially, so investors want to know if the real estate assets they invest in are sustainably built and operated. Sustainability scores from GRESB (the Green Real Estate Sustainability Benchmark) for many years have been the best way for investors to find this out. Green Business Certification Inc. (GBCI), the same organization that administers LEED and owns a variety of other rating systems, acquired GRESB six years ago, but now it’s letting GRESB go.
The company recently announced changes to its governance structure, including the creation of an independent GRESB Foundation, which will own and develop the benchmarking standards. This change helps ensure that standard development is “investor led and aligned with responsible investment principles,” according to a press release. GRESB BV, the corporation, will administer the assessments that are used to score portfolios.
The company also pledged to seek B Corp certification.
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For more information
Melton, P. (2020, December 17). GRESB Departs GBCI Family of Rating Systems. Retrieved from https://www.buildinggreen.com/newsbrief/gresb-departs-gbci-family-rating-systems