Brief: The NABERS rating system for buildings is to partner with the Global Real Estate Sustainability Benchmark, cementing a global push from the rating system for buildings.

In the past few weeks the NSW Office of Environment and Heritage, which manages the program, announced NABERS would be used to qualify buildings under Climate Bonds Initiative standards for climate bonds, and that the Paharpur Business Centre in New Delhi became the first building outside of Australia to receive a NABERS Indoor Environment rating. NABERS is also being used in New Zealand under a licence agreement.

GRESB assesses environmental, social, and governance attributes and performance of property funds around the world.

Director of the Metropolitan Branch at the NSW OEH Tom Grosskopf said, “GRESB integrates and translates a diverse range of measurement standards into meaningful and material sustainability information that can be used by the international investment community. For that reason, GRESB has become central to the global discussion on sustainability performance benchmarking in the real estate sector.”

“As a highly successful program that has been operating for over 16 years, NABERS has a lot of insights to contribute to this discussion. Our partnership with GRESB will help ensure our knowledge and experience is shared, and that the Australian property industry is represented.”

GRESB this year has also partnered with the Green Building Council of Australia.