Australia leads the world in green building
The Australia and New Zealand real estate market is the world’s greenest, according to the latest Global Real Estate Sustainability Benchmark (GRESB).
The report, which analysed data from 637 listed property companies and private equity real estate funds, covering 56,000 buildings with an aggregate value of USD $2.1 trillion, found that “as in previous years, Australia/New Zealand is the leading region.”
Two Australian companies, ISPT and Lend Lease, were also named ‘global sector leaders’.
Australia and New Zealand also performed strongest in terms of regional green leaders, with 70 per cent of the total participants in the highest quadrant, compared with 35 per cent in Europe, and 32 per cent in North America and Asia.
Established in 2009, GRESB assesses the sustainability performance of the real estate sector. Five years on, reporting has become standard practice for most of the world’s property companies and fund managers.
“Green building is arguably the world’s fastest growing industry – and Australia is leading the charge,” says the Green Building Council of Australia’s (GBCA’s) Chief Executive, Romilly Madew.
“The report underscores our regional leadership in sustainability, and serves as a reminder of why Australia is one of the best real estate markets in which to invest.
“We congratulate Lend Lease and ISPT for their outstanding leadership. Both of these companies are committed to investing in sustainable business models that will ensure the long-term success of their organisations.
“Australia’s real estate sector is demonstrating that it has a long-term commitment to sustainability that stretches far beyond this financial year or this electoral cycle,” Ms Madew concludes.
Green Building Council of Australia
Phone: 0412 179 135
In This Section
- CBD Program opens the door to energy efficiency opportunitiesTue 21 Jun 2016
- Tanya Cox joins World Green Building Council boardTue 21 Jun 2016
- Smart cities plan a step in the right directionMon 20 Jun 2016
- A five-point plan puts sustainable buildings, communities and cities within our graspWed 1 Jun 2016
- Sustainability around the corner for Fishermans BendTue 31 May 2016
- GEOCON’S Abode Hotel Woden certified as Australia’s first Green Star hotelFri 27 May 2016
- 50% reduction in emissions and $20 billion in savings possible, finds new ASBEC reportThu 12 May 2016
- Cities, urban forests and clean energy the budget winnersTue 3 May 2016
- Smart cities are sustainable cities, says GBCAFri 29 Apr 2016
- Lendlease sets new benchmark for liveable citiesWed 20 Apr 2016