GID, the US-based real estate investment management firm with over $30 billion in assets under management, has announced the release of its 2024 Responsible Investments Report. The publication provides a comprehensive update on the progress made throughout 2024 and early 2025 on the programs, projects and targets across GID’s Responsible Investments platform.
“We are delighted to share our latest Responsible Investments Report, which highlights the investments and results that advanced both our sustainability goals and performance,” says Philip Carmody, Senior Vice President and Head of Responsible Investments at GID. “As we celebrate GID’s 65th anniversary, this report reflects our mission from the beginning: enhance the communities in which we invest, live and operate.”
In 2024, GID’s commitment to responsible investing was seen through a range of initiatives across its portfolio. By implementing innovative technology, GID closely monitored and reduced energy use, water consumption, and greenhouse gas emissions. GID achieved a 17% reduction in emissions and 20% baseline reduction in energy, meeting its 10-year energy reduction goal for two of its portfolios of multifamily assets ahead of schedule.
In 2024, GID implemented sustainability upgrades such as energy efficient retrofits, electric vehicle charging infrastructure, Green Seal-certified cleaning programs, and effective waste management systems. Additionally, the firm invested in employee well-being and professional development, expanded resident engagement programs and mobilized employee volunteers to contribute over 3,000 hours to community service initiatives.
The report includes other key highlights that showcase a year of substantial progress toward GID’s sustainability objectives, including:
- Earned top-tier GRESB® rankings, including two top-three peer group placements and a 12% score increase for Multifamily Open End Fund I.1
- Recognition of GID’s Multifamily Responsible Investments program as a finalist for the Best ESG Program Award by Multifamily Housing News.2
- Named ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency and the U.S. Department of Energy for portfolio-wide sustainability performance.3
- Honored with the 2024 LEAP Sustainable Fund Award by Healthcare of Ontario Pension Plan.4
- Windsor Communities, GID’s wholly owned property management company that manages all multifamily properties in the firm’s portfolio, ranked #1 for Resident Satisfaction for the fourth consecutive year by Grace Hill’s 2025 Kingsley Excellence Award.5
- 141 multifamily and industrial properties across the portfolio with one of more green building certifications or energy ratings.6
- Continued investment in employee wellness through access to BetterUp Care for mental health and wellness, and Proper Wise for financial guidance.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
