Granular asset-level data is the next step in achieving Investment Grade sustainability practices. Experts from GRESB, Heitman, ULI Greenprint, and Measurabl discuss best practices around asset-level data collection and how to file cutting-edge Investment Grade GRESB reports.
Watch the webinar to learn how asset-level data benefits your organization and best practices for data collection. Three major takeaways from the discussion:
1. What gets measured gets improved
Sustainability frameworks like GRESB aim to create a goal for companies to reach. GRESB, among others, has made collecting, analyzing, and reporting this performance data essential to their scoring system.
“The idea is the old adage ‘what gets measured gets managed,’ and that’s fine, but it’s almost become passé. ‘What gets measured gets improved,’” said Dan Winters, Head of Americas at GRESB. He further discusses how these measurements are where the real value is created, and with Investment Grade data, leaders are driving the market to these highly accurate metrics.
2. Value of ESG goes beyond doing good
The value of sustainability extends far beyond responsible corporate practices. Heitman has implemented a sophisticated data collection and data flow process to ensure it has the data to support each sustainability measure it implements and track how these projects benefit investors.
“We believe that if we are focusing on sustainability, we have a greater impact on drawing more tenants to our properties. We have the opportunity to innovate and differentiate our properties,” said Laura Craft, Head of Global Sustainability at Heitman.
Heitman has invested in updating building systems, tracking energy efficiency projects to evaluate ROI, and applying for more certifications for greater appreciation to create maximum returns for investors.
3. Good asset-level data is key
Across the industry, groups are working together to move the market forward in terms of ESG data tracking and sophistication. Real assets can increase value by creating more appealing assets. By having information at the asset level, we can identify the sources of the improvements in a portfolio and tie that to overall fund improvements.
In the past, you could make estimates about your building performance – it was the accepted norm. Nowadays, you need to be precise and have real, accurate data to be competitive. Institutional investors want to know that companies have processes in place to monitor their assets and corrective action is being taken. More transparency is a great signal; but then there’s the question of what are companies are going to do with their data.
To get the full story, watch the webinar.