GID Releases 2023 Responsible Investment Report
GID, a leading US-based real estate investment management company with over $29 billion in assets under management, has recently published its 2023 Responsible Investment Report. This report highlights the company’s commitment to sustainability and its efforts to enhance resilient properties and communities.
According to Philip Carmody, Senior Vice President and Head of ESG at GID, the Responsible Investment Report showcases the company’s achievements in delivering sustainable outcomes for both people and properties. He emphasizes the importance of GID’s early investment in sustainability criteria, which has strengthened relationships with the communities where they operate.
In 2023, GID made significant progress towards achieving complete data coverage for energy, emissions, waste, and water consumption at all assets in its portfolio. By utilizing various proptech tools, GID has achieved 100% water data coverage and significantly increased coverage for energy, emissions, and water in two of its multifamily investment vehicles. The company has also improved data coverage for electricity in its commercial properties through collaboration with tenants and local utility providers.
The Responsible Investment Report also highlights several key accomplishments, including being named ENERGY STAR® Partner of the Month by the U.S. Environmental Protection Agency and the U.S. Department of Energy, earning the Green Lease Leaders Gold Award for the Commercial Category, and receiving high ratings in the GRESB Real Estate Assessment for multiple investment vehicles.
Additionally, GID completed the Pavona Solar Project, a rooftop solar system that generates 180,000 kWh of energy annually, and continued to support communities through its GIVE program, which engages employees in volunteer activities and charitable initiatives.
Overall, GID’s 2023 Responsible Investment Report demonstrates the company’s dedication to sustainability and its ongoing efforts to create positive impacts in the communities where it operates. To access the full report, visit https://esg.gid.com/.
About GID:
GID is a privately held real estate company that owns, operates, and manages a portfolio of multifamily and commercial properties, as well as develops mixed-use projects across the United States. With corporate offices in Atlanta, Boston, Dallas, Dubai, New York, and San Francisco, GID is a trusted real estate private equity investor with over 60 years of experience in multiple asset classes.
Source: GID Real Estate 5 Ways to Boost Your Productivity at Work
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