The Green Building Underwriting Standards are now available from the American National Standards Institute ("ANSI") by clicking here
Also Available: CMP Overview and Assessment
The Capital Markets Partnership (“CMP”) is a balanced, nonpartisan, nonprofit coalition of investors, investment banks, insurers, city, state and federal government, countries, and NGOs who have come together to create a market shift to sustainable investment. CMP has done this by:
- • Approving consensus underwriting standards that incorporate green building attributes into standard real estate underwriting practices.
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- • Working with investment banks and rating agencies to document that sustainable investment is characterized by less risk and is more profitable and preferred by institutional investors.
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- • Identifying opportunities and creating the platform to launch new sustainable investment products.
CMP is a coalition convened by the Market Transformation to Sustainability.
The primary purpose of CMP’s efforts is to accelerate the introduction of a broad array of green building and other sustainable finance products including:
- • Direct mortgage, construction and rehabilitation loans for commercial and residential properties.
- • Structured finance products including Sustainable Building Securities (SBS).
- • Pooled green real estate equity and debt funds and investments for the private and public markets.
- • Insurance and asset management products and services for green buildings.
- • Mechanisms that account for the imbedded economic value contained within leading product manufacturers who are pursuing sustainability initiatives by maximizing production inputs and minimizing production waste and externalities.
Representatives from over 70 Partners comprising financial institutions, government, NGOs and professional firms have evaluated the value of green buildings and determined that they are more valuable than conventional buildings on a number of important risk attributes including energy efficiency, water efficiency, indoor environmental quality, and location.
This multi-year process comprised numerous meetings and summits with financial experts, extensive consultation with the risk rating agencies, and publication of industry reports along with investor evaluation and direct investor interviews.
The Partnership is tackling the critical and immediate five priorities of:
- 1. Promoting capital market innovation and investor confidence through transparent risk reduction aspects inherent to green building.
- 2. Stimulating the global economy while promoting energy efficiency, renewable energy, and national security.
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- 3. Aiding the market in identifying higher valued collateral to the real estate finance sector and securities markets thereby facilitating new securitization opportunities, increased investor confidence and enhanced liquidity.
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- 4. Addressing imminent, irreversible, dangerous climate change as identified with the State of California and IPCC scientists, and as defined by Moody’s and the Mortgage Bankers Association as a "serious credit risk” and the US EPA as a "health and welfare risk".
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- 5. Greatly enhancing global sustainability efforts.
CMP's Mission
To accelerate sustainable investment, stimulate the economy, and improve public health and welfare.
CMP's Interim Goal
As codified by the US Conference of Mayors, achieve 2 million certified green and/or climate neutral buildings, and 1 million certified sustainable products by 2015.
CMP's Long-Term Goal
Incorporate sustainability-based metrics into investment decision processes to attain a market shift.