Magazine article Mortgage Banking

GE Real Estate Goes Green with Bill Clinton

Magazine article Mortgage Banking

GE Real Estate Goes Green with Bill Clinton

Article excerpt

GE Real Estate, Norwalk, Connecticut, has announced a new initiative to go "green" in its global real estate investment business, a global business that generates more than $30 billion in annual transaction volume across 28 countries.

Sustainability will be embedded into its existing investment processes, from origination of investments to underwriting, due diligence and asset management, in an effort to improve the environmental performance of assets, positively impact the health of tenants and improve the value of the properties, according to Ron Pressman, president and chief executive officer of GE Real Estate.

"We recognize that the building sector is one of the largest contributors to GHG [greenhouse gas] emissions, with commercial buildings producing between 30 percent and 40 percent of these emissions annually," said Pressman. "We believe GE Real Estate is in a position to reduce those numbers. As one of the world's largest owners of commercial properties with thousands of buildings in our portfolio, and more added each year, we believe we can make a significant, positive impact on the environment and benefit our business."

The announcement was made at the Washington, D.C.-based U.S. Green Building Council's (USGBC's) Greenbuild International Conference and Expo in Chicago in November, where GE Real Estate also unveiled its new partnership with the New York-based Clinton Climate Initiative (CCI).

The partnership with former President Bill Clinton will allow GE Real Estate to access the elements of the CCI program as appropriate to improve the environmental performance of its properties. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.