The GRESB Foundation will execute an annual survey to scrutinize the sustainability of fund managers in the real estate industry. A press release said that by using GRESB, institutional investors will be able to compare the environmental performance of individual property investments with their environmental real estate targets.
The GRESB Foundation is launching its first survey on March 31, and the collected data will provide input for the 2011 benchmark. The intention is that this benchmarking will serve as a catalyst for environmental engagement in real estate investments, according to the press release. The results of the survey, expected in September, will form the basis for a collective effort towards a more resource efficient institutional real estate industry.More information is at http://www.gresb.com.