The ULI Greenprint Center for Building Performance(ULI Greenprint) has announced that Blackstone Real Estate portfolio companies have joined ULI Greenprint—a global alliance of real estate owners and investors dedicated to enhancing building value by reducing carbon emissions and incorporating sustainability across their portfolios.
Blackstone is the largest owner of commercial real estate globally, with a $577 billion portfolio, representing a range of property types, geographies, and portfolio sizes. With this addition, ULI Greenprint’s membership exceeds 120 real estate companies, illustrating continued interest in sustainability from the industry.
“We are thrilled to welcome Blackstone Real Estate portfolio companies into the ULI Greenprint community,” said Billy Grayson, executive vice president of ULI Centers and Initiatives. “ULI Greenprint has been advancing the decarbonization of the commercial real estate industry through ESG [environmental, social, and governance] knowledge sharing, data tracking, and reporting over the last 14 years. Since its inception, the ULI Greenprint alliance of companies has achieved a cumulative annual emissions reduction of over 50 percent–this progress is invaluable as we take the next steps to achieve a net zero future.”
“We believe that sustainable and efficient buildings are more desirable to residents and tenants and that by focusing on decarbonization, we can generate more value for our investors. We have curated a network of ESG thought leaders in our portfolio companies, and through Greenprint, we will enable these leaders to both contribute to and benefit from an even broader network,” says Eric Duchon, global head of ESG for Blackstone Real Estate.
A full list of ULI Greenprint members can be found here.