Some 21% of North American Commercial real estate assets reporting to GRESB’s annual sustainability assessment used Measurabl for data management this year. This means Measurabl is GRESB’s largest data contributor in North America.
Globally, commercial real estate owners representing 10% of GRESB’s asset value use Measurabl for sustainability and data management reporting. Chris Pyke, GRESB’s Chief Operating Officer said “Measurabl was one of GRESB’s first Data Partners and we have appreciated their leadership in supporting both the quantitative and qualitative aspects of the assessment with their software. Working with Measurabl clearly helps companies and funds gain insights into their ESG performance and meet investor demand for high quality data.”
GRESB, the Global Real Estate Sustainability Benchmark, administers an annual assessment of sustainability performance on behalf of institutional investors, and it represents nearly $6 trillion in capital. Its results are regarded as being a good measure of real estate owner’s risk and potential returns, and these results are a factor in how investors allocate capital. This means a good performance in GRESB’s rankings is coveted. During this year, 67% of Measurabl users outperformed their GRESB peer group and the same percentage earned a Green Star which is GRESB’s recognition for exemplary performance.
Maryellen Dolan, Director of Asset Management and Sustainability at National Real Estate Advisors, which is a two-time recipient of GRESB’s Green Star for outstanding performance, said “Measurabl makes the reporting process much more efficient. The software ensured the quality and integrity of our report and helped navigate us through this year’s independent audit thanks to its meticulous data quality assurance process.
Measurabl CEO, Matt Ellis said “The scale we’ve achieved is exciting, but most important is our role in facilitating accurate and robust sustainability reporting. Stakeholders of all types, including investors, regulators and consumers demand clarity and accountability around a company’s social and environmental impacts. We are making that easy, affordable, and accurate.”
Measurabl collects and reports data on behalf of some of the world’s largest and most visible commercial real estate owners. These include Boston Properties, Clarion Partners, and AvalonBay Communities. The company was named as being one of the world’s top cleantech start-ups by the Global Cleantech Cluster Association in 2014. Since then it has gone on to become one of the world’s fastest growing real estate technology companies as measured by rate of square footage subscribed to its software.