Global Real Estate Sustainability Benchmark, which provides sustainability data for the global real estate industry, has merged with the Green Building Certification Institute, the third-party certification body for the LEED rating system.
The merger will allow the organizations to provide comprehensive sustainability information to the real estate sector, says Nils Kok, CEO of GRESB.
GRESB benefits institutional investors and industry associations by providing assessments and data on the sustainability performance of property portfolios globally. While GRESB will continue to independently conduct its annual Survey, the merger is an important step in its strategy to advance transparency in the sustainability performance of the real estate sector and enhance the metrics that constitute the most important sustainability considerations for its stakeholders, the organization says.
The merger will provide the global real estate industry with a set of integrated sustainability data, linking real time performance, asset certification, and portfolio-level reporting. These services will leverage GBCI’s established expertise providing third-party review, verification and training, which will be extended to the GRESB Survey. Together, GBCI and GRESB say they will provide investors with reliable information to inform global real estate investment decisions.
Earlier this year Measurabl and American Utility Management entered into a data partnership to support the sustainability reporting needs of commercial real estate owners, asset managers and developers.