Move will allow further progress in global ESG transparency of real portfolios and assets
Washington, DC (November 16, 2020) – Green Business Certification Inc. (GBCI) announced today that it was transitioning its ownership of GRESB to Summit Partners, a global alternative investment firm. GRESB is the leading organization in the assessment of the sustainability performance of real estate and infrastructure portfolios and assets.
“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. We believe that partnership is the new leadership and Summit Partners has shared with us its commitment to taking GRESB to the next level.”
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. GRESB has grown to become the leading ESG benchmark for real estate and infrastructure investments across the world. GRESB encourages a conversation about ESG performance between investors and managers and provides them with roadmaps toward improved sustainability.
“Partnering with GRESB allows us to support the vision that GRESB and GBCI have set out,” said Christian Strain, a Managing Director at Summit Partners. “From the beginning, GRESB’s mission has been to empower the capital markets with high quality ESG data so that investors can fully embrace a transition towards more sustainable decision-making. GRESB, with GBCI’s backing, has played a significant role in ESG transformation in real assets and laid the groundwork for progress to be made in the coming years.”
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.