Press Release

Contact: Taryn Holowka, GBCI


GBCI Joins Forces with GRESB   


Move creates asset-to-portfolio toolkit for measuring sustainability of world’s largest asset class

Washington, D.C. (Oct. 15, 2014) – The Green Building Certification Institute (GBCI), the certification body for the global LEED® green building rating system, the WELL Building Standard®, the PEER™ program and other sustainability initiatives, announced today that it has acquired GRESB (the Global Real Estate Sustainability Benchmark), an industry-driven organization committed to assessing the sustainability performance of real estate portfolios around the globe.

“The advent of green building created an industry that has been hard for investors to valuate,” said Rick Fedrizzi,” CEO, Green Building Certification Institute. “Investors have come to understand that green building represents a significant way to reduce their exposure to risk related to environmental, social and governance (ESG) issues, but until recently, there was no way to measure it.

“GRESB delivers the missing link by providing a framework for this measurement within and across portfolios,” added Fedrizzi. “The merging of our two organizations will provide an unprecedented view of global real estate that can help protect and enhance the value of its investments and contribute to a more sustainable built environment at the same time. This is a huge step.”

“GBCI has historically focused on measuring the sustainability performance of commercial, residential and public buildings and GRESB has established itself as the industry standard for transparency at the enterprise/portfolio-level,” said Nils Kok, CEO, GRESB. “This move allows GRESB and GBCI to collectively service the complete real estate value chain, from the property manager at the building level up to the decision-makers in the capital market.”

Patrick Kanters, global head of real estate at APG Asset Management and non-executive director on the board of GRESB said, “Long-term investors continue to seek for ways to better assess the risks and opportunities from sustainability in real estate. GRESB is an important part of our investment process, and using the decade-long expertise of GBCI will allow GRESB to better fulfill the needs of institutional investors and their fiduciaries.”

The merger will provide the global real estate industry with a powerful set of integrated sustainability solutions, linking real time performance, asset certification and portfolio-level reporting to provide investment-grade data. These solutions will leverage GBCI’s established expertise providing rigorous third-party review, verification and training, which will be extended to the GRESB Survey in combination with GRESB’s unique capabilities to assess and benchmark critical aspects of environmental performance, social responsibility and corporate governance.  Together, GBCI and GRESB will provide investors with reliable information to inform global real estate investment decisions. 


The Green Building Certification Institute (GBCI) is a third-party organization that provides independent oversight of professional credentialing and project certification programs related to green building. GBCI is committed to ensuring precision in the design, development and implementation of measurement processes for green building performance (through project certification) and green building practice (through professional credentials and certificates).
GBCI continues to develop new programs and offer the marketplace validation that building certifications and professional designations have met specific, rigorous criteria. For more information:
GRESB is an industry-driven organization committed to assessing the sustainability performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is used by institutional investors to engage with their investments with the aim to improve the sustainability performance of their investment portfolio, and the global property sector at large. For more information:   
Green Building Certification Institute | 2101 L Street NW, Suite 500 | Washington, DC 20037