CBRE launches $1 million green research challenge

25 September 2012

NEW YORK: Today at Climate Week NYC, CBRE Group launched the Real Green Research Challenge (RGRC), a four-year, US$1 million commitment to fund sustainability research and innovation in commercial real estate worldwide.

CBRE is now accepting research proposals submissions, of which selected applicants will receive up to $250,000 to go towards independent academic research into sustainable real estate practices.

RGRC-funded projects will have access to CBRE’s global market data and resources to help them commercialize their ideas.

“We’ve seen growing market awareness of commercial buildings’ impact on the environment,” says Bob Sulentic, CBRE’s President. “This has inspired new thinking and innovation in sustainability research. However, often people with good ideas lack financial support and access to real-time market data and insight into buildings construction, occupancy and management that only a global firm like CBRE can provide. Our RGRC program will help to unleash innovation by connecting ideas with funding and CBRE’s unparalleled information and people resources.”

“We are pleased to announce the creation of the industry’s first dedicated funding mechanism to support substantive research for commercial real estate,” says Dave Pogue, CBRE’s Global Director of Sustainability and head of the global sustainability taskforce that developed the RGRC. “Through this collaborative approach, we hope to create a meaningful impact in sustainable commercial real estate practices.”

The panel that will judge the submissions include members of academia, non-governmental organizations and industry.

Mark Kenber, CEO, The Climate Group says: “Commercial buildings can generate serious environmental impacts for both current and future generations. However, smart research and innovation can significantly reduce these impact. Therefore we support CBRE’s efforts with the RGRC and applaud its commitment to bringing its resources to bear for positive environmental change.”

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