Today, Measurabl, a large ESG technology company serving the commercial real estate (CRE) industry, announced the launch of its ESG Real Estate Data offering, according to a press release.
The company says the product allows investors, lenders and other real estate capital market participants to integrate investment grade asset-level data into their underwriting, market intelligence and business applications to satisfy disclosure requirements, risk management and other investment requirements.
Measurabl says the product accomplishes this by providing more than 70 data points on individual assets, including green building certifications, local ordinances, climate risk data, energy and carbon estimates, and company-level performance indicators.
“Until now it was impossible to get investment grade ESG data at the asset level and at global scale. This breakthrough means the real estate industry and all other industries for which real estate is a critical business consideration have a standard measure of sustainability performance they can actually act upon,” stated Matt Ellis, Measurabl founder and CEO, in the release.
This ESG insight is accomplished by Measurabl’s large CRE dataset and machine learning models, which it says can provide real-time, asset-level energy and carbon estimate for “virtually any commercial building in the world.”
Measurabl, which states to be the world’s most widely adopted commercial real estate ESG technology provider, is used by owners, occupiers and investors to quantify ESG information on more than 12 billion square feet of commercial real estate across 90 countries.
Qualia, the digital real estate closing platform, recently released its 2022 Homebuyer Sentiment Index, which surveyed more than 1,000 recent and prospective homebuyers. View some of the key findings here!
Presented by: Qualia
Real estate is notably the world’s largest asset class and one of the most environmentally impactful, with more than 40% of global carbon emissions stemming from the sector.
As a result, there has been an ongoing charge to monitor and reduce the amount of environmental impact coming from the market. The World Green Building Council Net Zero Carbon Buildings Commitment recently set a target to reach net zero by 2050, highlighting this movement.
This product launch follows France-based ESG tracking proptech Deepki‘s $166 million Series C fundraise announced yesterday.
In other recent proptech news, Jia Finance raised a $5 million seed round to provide U.S. homes and funding to foreign investors. FinLedger also published its monthly roundup, PropTech Retrospect, covering the biggest and most notable stories in the proptech and real estate tech spaces in March.