GRESB BV, the global ESG benchmark for infrastructure and real estate investments, has acquired Asset Resolution, an asset-based climate data and analytics provider for financial institutions.
The acquisition will expand and enrich GRESB’s asset-level data coverage across hard-to-abate sectors, strengthening its assessments and tools while providing GRESB members with more actionable insights and support with asset-driven analysis.
Asset Resolution’s customers, which comprise many of the world’s largest banks and consultancies, will benefit from the operational, technical and client support provided by GRESB. The business support provided by GRESB will also help enable the Asset Resolution team to further engage with external research groups and accelerate product development in support of its mission. The team will also benefit from GRESB’s technical expertise in real estate, infrastructure, ESG assessments and disclosures, sales and marketing.
“This partnership is about strengthening the value and product offerings both organizations provide,” says Sebastien Roussotte, CEO of GRESB. “We provide complementary services and share a common mission to equip financial institutions with the tools and insights needed to drive progress towards a more sustainable world. Combining our skill sets and teams means better data and more useful insights for our members and customers.”
“This partnership represents an important step toward implementing our vision of a financial system that sets the global economy on a net-zero emissions path,” says Noémie Klein, CEO of Asset Resolution. “Together with GRESB, we’ll go further in harnessing the power of our asset-based approach to develop new data and analytics that support climate action by financial institutions.”
Asset Resolution was originally created by, and spun out of, the 2° Investing Initiative France to help financial institutions access the right science-based asset-level data and finally drive progress towards a net-zero future. “When looking at acquisition partners to support the continued growth of the Asset Resolution team, we were focused on how we could enable the most impact,” says Robin Edme, president of the 2° Investing Initiative France board. “GRESB’s mission and focus on sustainability was a natural fit, and we look forward to seeing how both teams will complement each other’s work in the years to come.”
As part of the acquisition, the Asset Resolution team will continue working from offices in Paris and Berlin to offer customers its existing suite of company- and asset-level indicators and analytics under the new name “Asset Impact.” The new name was selected because it reinforces the company’s vision of empowering financial institutions to translate asset-level insights into tangible outcomes.
While building-level data from GRESB members will not be shared with, or included in, Asset Impact’s suite of products, the combined teams will collaborate on ways to leverage each other’s complementary expertise to provide the real assets industry and financial institutions with more comprehensive tools and resources to help organizations create a more sustainable world. In the first quarter of 2023, the teams will announce more details on staffing and resource investments and product roadmaps. Terms of the deal were not disclosed.