Acquisition allows Green Building Initiative to expand operations to Canada, beyond
The U.S.-based non-profit Green Building Initiative (GBI) has completed the acquisition of the global rights to Green Globes, a leading sustainability rating system for commercial and multifamily buildings.
This acquisition from JLL allows GBI to support existing Green Globes users in Canada, in addition to the United States, and to expand the reach of the rating system globally.
“This acquisition is a clear win for GBI and our growing base of Green Globes users,” said Vicki Worden, president and CEO of GBI. “Consolidating Green Globes under GBI was a logical and natural next step to further our mission to accelerate the adoption of green building best practices in the built environment.”
JLL is a global professional services firm specializing in real estate and investment management and offers sustainability consulting to its clients. JLL purchased the global rights to Green Globes in 2008 as part of its acquisition of ECD Energy and Environment Canada, the entity responsible for developing the underlying technology. GBI first licensed the U.S. rights to Green Globes in 2004 from ECD.
“As a nonprofit, GBI is in a better position to grow the sustainability movement as the sole owner and promoter of Green Globes, and we have every confidence in GBI’s ability to do so,” said Bob Best, executive vice president of JLL. “We value Green Globes as a tool we use with our clients and property managers, and because of this acquisition, GBI can continue to grow Green Globes as a global assessment program.”
According to Worden, GBI has experienced significant growth over the last two years and has certified 1,594 buildings, or almost 300 million square feet of real estate since its founding in 2004 — 1,328 buildings through its Green Globes program and 266 buildings through its Guiding Principles Compliance program for U.S. government buildings. Green Globes has garnered significant attention recently and counts major national brands such as Whole Foods, Fidelity, and MGM Resorts as part of its expanding customer portfolio.
GBI has established a Canadian non-profit subsidiary — GB Initiative Canada — to support the growth and previously established use of Green Globes in the Canadian marketplace.