The Green Building Council of Australia has formed a new partnership with GRESB, the leading global sustainability benchmark for real estate portfolios, to advance reporting on environmental, social and economic performance in Australia’s real estate sector.

The partnership allows Australia to play a meaningful role in the global discussion around benchmarking, and will provide investors with more reliable data on energy efficiency and sustainability to inform their decision-making.

GRESB assesses the environmental, social and governance performance of property funds globally, including corporate sustainability strategy, policies and objectives, environmental performance monitoring, and the use of high-quality voluntary rating systems such as Green Star.

In 2014, GRESB covered 637 funds representing $2.1 trillion in property value. Australia had 44 participants, with a gross asset value of $131 billion.  The 2014 GRESB results confirmed Australia and New Zealand lead in overall performance, with Lend Lease and ISPT announced in a list of 11 global leaders.

Read more about this partnership here.