Home
About Us
It's a sign of the times: A real estate research firm has been bought by a private equity firm in a deal that values the company at more than $1 billion.
The New York Times reports on GRESB's sale to General Atlantic, which will acquire a majority stake in the company.
GRESB, which is based in New York City and Amsterdam, provides standards and benchmarks for sustainable real estate, and its CEO says the deal will allow the firm to "support the next phase of growth through strategic expansion and product innovation."
The Times notes that real estate is one of the biggest sources of greenhouse gas emissions, and GRESB says its research has shown that carbon emissions from real estate contribute to about 40% of global greenhouse emissions.
"With buildings and real estate accounting for 40% of global greenhouse emissions, data is key to unlocking the opportunity to deliver net-zero, resilient assets," General Atlantic's managing director says in a statement.
GRESB will continue to operate as an independent not-for-profit, and its CEO says the firm plans to "reinvest into the company and continue its ongoing work driving GRESB's growth and impact."
Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
When Tony's Chocolonely's, a Dutch chocolate maker, was sold to a Belgian investment firm last year, the company introduced a "golden vote" to make sure the sale didn't violate the firm's impact...more
Environmental, social, and governance (ESG) experts are out with a list of the world's best and worst companies when it comes to investing in climate change. Here are the top 10, based on ESG's...more
One of the world's largest law firms has been named as one of the best in the world for its work in the area of impact investing. Inbar magazine has named Morgan Lewis as one of the top 50 impact...more
It's been more than five years since Russia invaded and occupied Ukraine, but the country is still struggling to rebuild and attract foreign investment. The Financial Times takes a look at the...more
Swiss impact investment firm Blue Earth Capital has invested more than $16 million in an Indian company that aims to help small farmers cope with climate change, the BBC reports. The investment...more
"We believe in the transformative power of AI and its potential to create positive change," says Anita Whitehead, head of impact at audit, tax, and advisory firm KPMG, which this week announced an...more
When it comes to environmental, social, and governance (ESG) considerations when investing, Malaysia is at the top of the list, according to Digital Edge Malaysia. And that's not just because the...more
Three women from Australia's Indian community have been named in the country's Order of Australia for their contributions to society. Harinder Kaur, 29,Niharika Hiremath, 29, and Sakshi Thakur,...more
Pritika Mehta, an Indian-American entrepreneur who holds a master's in artificial intelligence from the State University of New York, is "shaping the pathway for Indian startups looking to plunge...more
"San Francisco is about the same size as my hometown, Chandigarh," Pritika Mehta tells Hindustan Times. "But this small city has changed the world.... The kind of conversations that happen...more
Social Entrepreneurship
Spotlight
Social Entrepreneurs to Get Free WiFi Access
iPass, a telecommunications provider, will give free internet access to 100 non-government organizations (NGOs) for a year as they work in dangerous countries to help its poor and underserved populations.
