Dive Brief:
- Measurabl has launched a new, upgraded ESG platform designed specifically to help real estate owners and operators to quantify the value of their sustainability initiatives.
- The new product suite is powered by Quantum Cloud, the “world’s first real estate ESG cloud, containing the largest, most granular real estate ESG dataset,” the company said in a news release last week. Measurabl Navigate, a product aimed at helping users reach net-zero emissions and garner financial results from their ESG investments, provides data management, insights, disclosure and decarbonization assessment tools, the company said.
- Users can plan investments to manage performance against scenarios based on regulatory targets like Building Performance Standards, using real capital expenditure projects and actual performance data from their buildings, Measurabl CEO Matt Ellis said in an email. Ellis noted that operators can now auto-optimize those plans “with the click of a button” and see “which projects allow them to achieve various goals,” such as lowest carbon, the least amount of investments and the highest return on investment, to maximize asset value with minimal risk.”
Dive Insight:
Measurabl’s data platform is deployed across more than 18 billion square feet of real estate and adopted by 37% of “the world’s top asset managers operating across 93 countries,” per the release. Driven by a repository of internal and external ESG data, the platform is used by over 1,000 customers across these countries, a spokesperson said in an email. The company’s customers include CBRE, BlackRock and Major League Baseball, according to the company website.
The new platform’s Measurabl Navigate is equipped with a feature that streamlines data acquisition and management with automated quality checks driven by machine learning algorithms, Measurabl said. This capability can help operators and owners coordinate and monitor the ESG health of buildings across large teams and portfolios to assist with “audit-proof reporting and investment-grade decision-making,” it said.
“Through our platform we are able to auto-identify the latest U.S. municipal and state regulations and tag which of our customers’ assets are affected, when the regulation applies to their building, and other important decision-making details,” Ellis said.
Measurabl’s Navigate can now help customers see “what they need to do to make changes and move their assets along the sustainability journey and protect their bottom line,” Ellis said.
This next-generation platform also comes with customizable internal and external reporting, scheduling, and data analytics capabilities that can translate data into strategic, actionable insights, according to the release. Using an AI-enabled data automation tool, Quantum Cloud aggregates over 10 years of global ESG data and can ingest data four times faster and more accurately than any other competing solution, bridging the gap in disconnected, incomplete and inconsistent data, Measurabl said.
This capability enables Measurabl Navigate to ease the process of reporting to global frameworks, such as the Global Real Estate Sustainability Benchmark and the Carbon Disclosure Project, through pre-built reporting templates and data readiness checks, per the release. This can help users adapt to an evolving regulatory landscape, Measurabl said.
Users can plan capital expenditures for decarbonization projects and optimize plans for cost and alignment with sustainability targets, Measurabl said in the release.
