28 Dec '15, 1am

"It is clear that the finance industry is embracing #greenbuilding"

Representing a huge share of the market capitalization of real estate across the globe, this year, 707 real estate companies and funds, with over 61,000 properties, having an aggregate value of $2.3 Trillion reported their environmental, social and governance information to Global Real Estate Sustainability Benchmark (GRESB). To appreciate the order of magnitude of those numbers, 15 of the top 20 REITs in the U.S. participated in the GRESB 2015 survey, and 41 U.S. REITs in total participated. And participation the 5 year old GRESB is growing. The value of the property companies and funds reporting to GRESB was $1.6 Trillion in 2013, $2.1 Trillion in 2014 and $2.3 Trillion this year. The total number of participating property companies and funds increased to 707 this year, a net increase of 11% over 2014. A relative newcomer, the GRESB real estate assessment is becoming rec...

Full article: http://www.greenbuildinglawupdate.com/2015/12/articles/le...

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