Data is integral to property investors’ abilities to meet their responsibilities to incorporate environmental, social and governance (ESG) criteria into day-to-day management, according to IPE Real Assets. “It’s important for two reasons for us to get good insight into the real consumption data of buildings, for both leased square footage and common areas,” says Roozenboom. Sustainability in global property markets is progressing, yet the way data is collected and reported is a growing challenge. The report highlights that there are significant gaps between what investors know about sustainability reporting practices across different sectors of real estate markets. Potential solutions include green leases, when tenants collaborate on collecting energy data, and occupiers adding energy consumption to their due diligence checklists. Some investors, meanwhile, are investigating how technology could help, running data pilot schemes.
Data is integral to property investors’ abilities to meet their responsibilities to incorporate environmental, social and governance (ESG) criteria into day-to-day management, according to IPE Real Assets. Sustainability in global property markets is progressing, yet the way data is collected and reported is a growing challenge. The report highlights that there are significant gaps between what investors know about sustainability reporting practices across different sectors of real estate markets. Potential solutions include green leases, when tenants collaborate on collecting energy data, and occupiers adding energy consumption to their due diligence checklists. Some investors, meanwhile, are investigating how technology could help, running data pilot schemes.