For more information, contact Justin Arnold, [email protected], 202-448-8717
WASHINGTON (April 9, 2020) – Gerding Edlen Investment Management and City Developments Limited (CDL) have joined the Urban Land Institute’s (ULI) Greenprint Center for Building Performance (Greenprint). Greenprint is a worldwide alliance of the foremost real estate owners, investors and financial institutions committed to improving the environmental performance of the global real estate industry, with a particular emphasis on reducing energy consumption and carbon emissions.
Gerding Edlen Investment Management is an SEC Registered Investment Advisor that manages value-add real estate funds focused on mixed-use, multi-family and office properties in high growth, urban markets in the United States.
“As national leaders in sustainable real estate investment, Gerding Edlen has deep experience developing and managing a wide variety of highly sustainable and community minded commercial and multifamily properties,” said Renee Loveland, director of sustainability and community impact, Gerding Edlen. “We are excited to join the ULI Greenprint member community to collaborate in tackling the challenges presented by climate change in our cities today. We believe sharing best practices and analytics with our member peers in this forum will not only enhance our firm’s efforts but will also accelerate solutions that achieve significant carbon emission reductions and address resource scarcity within our industry.”
City Developments Limited (CDL) is a Singapore-listed international property and hospitality conglomerate with a network spanning 106 locations in 29 countries and regions, and is one of the largest companies by market capitalization in Singapore. CDL’s track record of effective ESG integration over two decades has been widely recognised by 12 leading global sustainability benchmarks, including the 2020 Global 100 Most Sustainable Corporations in the World, of which CDL was ranked top amongst listed real estate companies worldwide. CDL was also the only company in Southeast Asia and Hong Kong to score double ‘A’s in the 2019 CDP Global A List for corporate climate action and water security. Other major rankings on which CDL is listed for over a decade include FTSE4Good Index Series (since 2002), MSCI ESG Leaders Indexes (since 2010), and Dow Jones Sustainability Indices (since 2011).
“Since 1995, CDL has embraced sustainability into our business, committed to “Conserving as We Construct”. As a green building and sustainability pioneer in shaping Singapore’s built environment, developing green buildings and managing them in a resource-efficient way have been our priorities”, said Esther An, chief sustainability officer, CDL. “CDL is delighted to join Greenprint and look forward to sharing sustainability practices and solutions with fellow industry players within the ULI community. We believe that with greater collaboration, the real estate sector across different parts of the world will contribute to a greener and more sustainable environment for all.”
Gerdling Edlen Investment Management and Community Developments Limited join existing members AXA Investment Managers – Real Assets; Boston Properties; BlackRock; CalPERS; CenterPoint Properties; Clarion Partners; CommonWealth Partners; Crescent Communities; DWS; GID; GLL Real Estate Partners; Granite Properties; Heitman; The Howard Hughes Corporation; Jamestown Properties; Jones Lang LaSalle; Kilroy Realty; LaSalle Investment Management; LendLease Americas; Morgan Creek Ventures LLC; Parkway Properties; PGIM Real Estate; Prologis; Rudin Management Company, Inc.; Savanna; SL Green; Sonae Sierra; Tishman Speyer; The Net Group; The Towers Company; and Zurich Alternative Asset Management.
About the ULI Greenprint Center for Building Performance
The ULI Greenprint Center’s mission is to lead the global real estate industry towards improved environmental performance, focusing on energy efficiency and reduced carbon emissions. Greenprint is a member-driven organization that achieves its goals through measurement, action and education. Through measurement, benchmarking, knowledge sharing, and the implementation of best practices, Greenprint and its members strive to reduce greenhouse gas emissions by 50 percent by 2030. Greenprint is a research center within the ULI Center for Sustainability and Economic Performance, which also oversees ULI’s Urban Resilience Program and the Building Healthy Places initiative. For additional information, visit uli.org/greenprint.