BOSTON, 28 October 2021 / PRNewswire-PRWeb / – GID today announced that one of its investment vehicles has been recognized as the regional leader in the residential sector of the Americas, taking 1st place in the 2021 GRESB real estate benchmark in the US residential, primary multi-family unlisted category for the second consecutive year. In addition, a second investment vehicle managed by GID in the same asset class ranked among the top ten in its first reference year.
The GRESB Sector Leader Awards program rewards real estate and infrastructure companies as well as funds and assets that have demonstrated exceptional leadership in sustainability and ESG. GRESB data is used by hundreds of capital providers and thousands of asset managers to compare portfolio investments and understand the opportunities, risks and choices that need to be made as the industry moves forward. more sustainable.
Each year, GRESB assesses and compares the ESG performance of assets around the world, providing clarity and information to financial markets on complex sustainability topics. GRESB assessments are guided by what investors and industry see as important issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, targets and emerging regulations. The ESG GRESB Benchmark has increased this year to cover more than $ 6.4 trillion of assets under management, against $ 5.3 trillion the year before.
âDespite the unprecedented challenges we have faced over the past two years, GID staff and our Windsor property management teams have found creative ways to advance our ESG goals, âsays Greg bates, President and CEO of GID. âWe are proud to be recognized once again as a leader in sustainability and will strive to raise the bar next year in response to increasingly critical environmental and social issues. “
“Our holistic ESG approach is guided by our core values ââof responsible investing, efficient properties, healthy people, resilient communities and transparent operations,” said Phil carmody, vice-president, responsible for corporate programs. “These values ââare directly linked to GID’s mission and integrated into all levels of our operations, preparing us for significant growth with both our ESG platforms and our business objectives.”
For the fifth consecutive year, GID has been recognized as a leader in sustainable development by obtaining a GRESB green star, demonstrating continued excellence in ESG management and implementation. Since 2016, GID has implemented a wide range of ESG measures in all areas of the business in support of its mission of leveraging its investment, development and management expertise to improve performance. communities in which it invests, lives and operates.
GID’s achievements in 2020 include:
- Continuation of the LED lighting retrofit program at eight properties, which is expected to save 562.5 MWh of energy per year, the equivalent of the energy consumption of 48 residential homes each year.
- Obtained 15 ENERGY STAR certifications to recognize its best performing assets.
- Obtained IREM Certified Sustainable Property certifications for five properties
- Installation of smart irrigation systems in three multi-family properties to reduce outdoor water consumption.
- Continuation of the diversity and inclusion internship program for under-represented candidates to prepare for a career in the real estate industry.
To learn more about GID’s long-term ESG program and to view the 2020 ESG report, please visit https://www.gid.com/esg/reporting/.
The GID GRESB 2021 ranking was awarded on October 1, 2021 by The Global Real Estate Sustainability Benchmark (GRESB) and is based on CY 2020 performance. GID is a participating member of GRESB. Fees paid as a participating member totaled 9,600 USD.
GID is a private, vertically integrated real estate company that develops, owns and operates a portfolio of multi-family, industrial and mixed-use developments. With offices in Atlanta, Boston, Dallas, new York, and San Francisco, GID is an experienced real estate private equity investor and manager supported by an integrated operating platform and has 60 years of experience across multiple asset classes. GID’s existing and developing properties are valued at over $ 20 billion.
Over its 60 year history, GID has developed, managed or acquired over 79,000 residential units and 32.2 million square feet of retail space in twenty-four states. The current portfolio includes over 37,000 residential units, 1 million square feet of retail and office space and 18.8 million square feet of industrial space. More information is available at http://www.gid.com.
Mary miles, Weinberg Harris & Associates, +1 (443) 614-8013, [email protected]