NEW YORK, Nov. 12, 2015 /PRNewswire/ -- For the second year in a row, real estate companies working with CodeGreen Solutions have been awarded the highest sustainability ranking by the international organization GRESB (Global Real Estate Sustainability Benchmark). All of CodeGreen's corporate GRESB clients achieved "Green Stars" for 2015, ranking them in the top quartile for sustainability among their peers.
CodeGreen provides in-depth customized solutions for large real estate organizations to develop, implement and report portfolio-wide sustainability programs that help leading companies improve their GRESB scores year over year. CodeGreen's industry-leading ProAct™ software tracks energy, waste, water, carbon and operational sustainability metrics that are used for monthly performance tracking as well as annual corporate reporting such as GRESB.
"Working with CodeGreen and their ProAct software really helped us identify where and how to improve our performance and greatly streamlined the data collection and summary process for our GRESB submission," said Cris Thomson, a senior project manager at Normandy Real Estate Partners.
CodeGreen's strategic sustainability planning services help portfolios manage their sustainability initiatives more effectively, improve sustainable operations, reduce energy use and lower operating expenses across portfolios, and as a result these portfolios outperform their peers in the GRESB results. CodeGreen is trusted by many leaders in sustainable real estate for corporate sustainability and GRESB services including Jamestown, The Jonathan Rose Companies, Shorenstein Realty, The Rockefeller Group, and Normandy Real Estate among others.
GRESB, currently in its fifth year, is driven by investor demand for accurate and standardized information on the Environmental, Social and Governance (ESG) performance of public and private real estate companies. GRESB is currently backed by over $6 trillion in institutional capital from around the globe and covers over $2.3 trillion in property value. GRESB rates real estate companies against their peers on ESG performance covering four main components: management, policies, implementation and measurement. Companies are given percentile scores and respondents that score in the top quartile are awarded Green Stars.
CodeGreen is an industry-leading provider of data-driven sustainability and energy management services, currently working with over 250 million square feet of commercial real estate across the U.S. Their services help building owners develop, implement and track energy and sustainability programs to improve the performance of their buildings. Services include strategic energy planning and tracking, energy benchmarking and retrofit analysis, commissioning, carbon footprinting, corporate ESG reporting, and LEED services for new and existing buildings. CodeGreen is an ENERGY STAR Partner, GRESB Benchmark Committee Member and a member of the US Green Building Council.
ProAct, CodeGreen's web-based tool tracks building energy, sustainability and operational performance and makes tracking the results of initiatives clear and simple. ProAct also tracks all of the metrics required for LEED-EB certification and the ongoing tracking required for re-certification so building owners can maintain their LEED certification and compile data for year-end reporting all in the same secure online portal. To streamline data collection, ProAct is linked directly to EPA's Portfolio Manager Tool and helps building owners comply with local energy benchmarking laws and annual Energy Star Labels. ProAct is recognized as a "Most Active" Benchmarking partner by the US EPA. ProAct is currently used by over 80 million square feet of property across the country.
SOURCE CodeGreen Solutions