More and more, companies are expected to measure and disclose information related to their ESG—Environmental, Social, and Governance—impacts. ESG metrics can improve a company’s ability to access capital from funders committed to sustainable investing.
Green building certifications are essential to achieving ESG goals in the real estate industry. They ensure that buildings are built or renovated to rigorous standards. By pursuing green building certifications, developers and investors can have confidence that their buildings are performing exceptionally and meeting many of the environmental and social aspects of their corporate goals.
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Each year, the GRESB Foundation makes changes to the annual Real Estate Reference Guide based on priority topics identified and input received from GRESB members. The GRESB portal opens on April 1st of each year, shortly after the annual reference guide is released. GRESB participants have until July 1st to submit their ESG data and their responses to the GRESB Reference Guide. Benchmark results and scores are available on October 1st.
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Home Innovation actively advocates for third-party certified, green, affordable housing by providing input for state Qualified Allocation Plan (QAPs). QAPs specify a state agency’s allocation of federal Low-Income Housing Tax Credits (LIHTC). Most QAPs include criteria for energy efficiency and green building, and nearly 30 states specify green building certification as a requirement or point-based incentive. When third-party green certification is included within a QAP, NGBS Green Certification is typically recognized alongside other credible national green building programs. NGBS Green certification is affordable to implement, making it ideally suited for affordable housing.
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