This blog is part of a recurring series where we explore Measurabl’s continuous product innovations. Each post will highlight key advancements, milestones, and what’s next on our journey.
In the fast-paced world of real estate sustainability, staying ahead means constantly evolving. Our products are designed to help customers advance on their journey, driving meaningful change in a sector that plays a pivotal role in tackling global climate challenges, as it is responsible for 40% of global carbon emissions.
Last week, we hosted a live walkthrough showcasing some of our latest enhancements. If you missed it, you can watch the recording by registering here.
Let’s take a closer look at the current market challenges and how we at Measurabl are addressing them through innovation, with a detailed breakdown of our progress in 2024 and the exciting developments planned for 2025.
Understanding the Data Challenge in Real Estate Sustainability
Managing sustainability in real estate requires tracking a wide range of data types, from utility bills and certifications to interval data and ordinances. Among these, utility data poses one of the biggest challenges due to its complexity. While automation is ideal, the diverse nature of utility providers makes full automation impossible. As a result, many customers must rely on manual data entry or government tools like ENERGY STAR, leading to significant data quality issues. For example, 9 out of 10 outliers stem from manually entered or ENERGY STAR data, and 1 in 12 utility bills contain errors or gaps. These baseline data quality challenges, driven by collection and automation limitations, hinders our ability to deliver reliable insights.
The challenge doesn’t end there. Data availability varies widely by country or market, and for portfolios with thousands of buildings, the task becomes even more daunting. Customers must coordinate with site managers, operators, tenants, and finance teams to pull data from multiple providers, systems, and formats. Reconciling this information for every building in a portfolio requires significant effort, underscoring the need for innovative solutions.
Yet, utility data is critical for achieving sustainability goals. Without reliable data, real estate owners risk missteps in decision-making, compliance and reporting, and decarbonization. Accurate, complete, timely, and auditable data serves as the foundation for driving effective sustainability and decarbonization strategies.
Defining Data Quality
Data quality is often cited as a challenge in real estate sustainability, but rarely defined. It’s a broad term encompassing many aspects—breaking it down is essential to understanding and addressing the specific and undeniable issues. We define quality data as data that is accurate (correct and reliable), complete (includes all necessary information), timely (up-to-date and relevant), and audit-ready (prepared for verification and review).
2024: A year of Innovations
At Measurabl, by addressing industry data challenges head-on, we empower real estate stakeholders to make decisions that align with their ESG goals and drive impactful change.
Last summer, we introduced our next-generation platform, Navigate, the biggest product launch in company history, featuring a comprehensive toolset designed to guide real estate owners, operators, and investors on their sustainability journey. Since then, we’ve continued to innovate and add value at every stage of the journey: data management, reporting, and decarbonization.
Highlights from a Year of Innovations
2024 at Measurabl was a year of breakthroughs in product innovation. Following the launch of Navigate, we continued to evolve our product suite and address market challenges.
Advancing Data Management
In 2024, we focused on improving the collection and management of utility data to tackle one of the industry’s biggest bottlenecks. Key advancements included:
- Collection: Launching proprietary technology to automate utility data collection across diverse providers and utility types.
- Administration: Introducing AI tools to identify meter reading gaps and outliers, and recommend corrective actions.
- Auditability: Enabling locked meter readings to protect data integrity once it has been audited or assured by third parties.
These enhancements empower customers to better manage their data while ensuring quality data: one that is accurate, complete, timely, and audit-ready.
Data Manager Gap and Outlier Detection
Our AI-powered outlier and gap detection identifies duplicates, high costs, low usage or missing meter readings in real-time and suggests steps to resolve them
Simplifying Reporting
To support the growing need for stakeholder reporting, evolving regulatory requirements, and third-party assurance, we focused on three key areas:
- Custom Reporting: Introducing performance insights to visualize carbon, energy, water, and waste performance, and drill down from portfolio aggregates to individual meters. Also introducing the ability to inject custom data and calculations.
- GRESB Reporting: Streamlining data modeling and transformations to align with evolving GRESB standards and enabling users to apply settings and overrides for improved benchmarks.
- Expanding Frameworks: Launching support for SFDR-aligned metrics, pre-calculated for funds, ensuring compliance with mandatory frameworks.
These updates make it easier to adapt to the rapidly evolving ESG landscape while ensuring flexibility and precision in reporting.
Scaling Decarbonization Efforts
In 2024, our decarbonization tools focused on three critical themes:
- Portfolio Prioritization: Delivering portfolio-wide views to track decarbonization progress, pinpoint buildings requiring the most focus, and assess risk over time.
- Asset-Level Planning: Introducing optimization tools that auto-generate decarbonization plans based on CapEx budgets, hold periods, and available projects.
- Compliance: Launching tools to identify, quantify, and mitigate financial compliance risks tied to Building Performance Standards (BPS) in North America, starting with Colorado, Denver, and Washington State.
Quantifying The Economic Impact of Building Performance Standards
Through Decarb’s Impact Simulation tool Measurabl’s customers can easily see the dollar amount of estimated fines and total avoided fines based on the decarbonization projects implemented
These advancements lay a solid foundation for long-term decarbonization success.
2025: Driving Innovation and Impact
Building on the strong foundations laid in 2024, 2025 is focused on scaling and enhancing our capabilities to meet the growing demands of global real estate sustainability. This year’s innovations center on expanding data management, elevating reporting standards, and driving impactful decarbonization efforts across portfolios. Here’s what’s in store for 2025:
Advancing Data Management Capabilities
In 2025, we’re making enhancements that ensure our customers’ data is audit-ready and investment grade:
- Collection: Integrations with UK and EU smart meter data providers. Automation for utilities requiring multi-factor authentication (MFA).
- Administration: Enabling task delegation to resolve gaps and outliers. Introducing workflows to make data quality management more collaborative and seamless — work on data quality issues with your team inside Measural
- Auditability: Delivering audit history reports. Introducing flexible user access roles to enhance transparency and control.
Elevating Reporting Standards
Building on 2024’s progress, 2025 will see:
- Custom Reporting Enhancements: Expanding data points to include spend, occupancy, FMV, lifecycle events, and projects, offering greater flexibility for ESG reporting.
- GRESB Reporting Enhancements: New views and exports for GRESB analysis metrics, improved data modeling, and data checks and alerts.
- More Frameworks: Adding support for CSRD-aligned metrics and EU Taxonomy-aligned reporting for portfolio- and building-level compliance.
Accelerating Decarbonization
Decarbonization efforts in 2025 are focused on driving measurable impact:
- Portfolio Prioritization: Continued expansion of portfolio and fund-level prioritization tools and insights.
- Economics: Tools to develop stronger business cases through custom carbon pricing and incentive identification
Compliance: Expanding coverage to performance standards in Europe, with advanced forecasting and scenario planning.
- Portfolio Prioritization: Delivering portfolio-wide views to track decarbonization progress, pinpoint buildings requiring the most focus, and assess risk over time.
- Asset-Level Planning: Introducing optimization tools that auto-generate decarbonization plans based on CapEx budgets, hold periods, and available projects.
Compliance: Launching tools to identify, quantify, and mitigate financial compliance risks tied to Building Performance Standards (BPS) in North America, starting with Colorado, Denver, and Washington State.
2025 Roadmap
A bird’s-eye view of the continuous product innovations for 2025.
By addressing market challenges and delivering innovations across data management, reporting, and decarbonization, we’re helping the real estate industry lead the charge toward a sustainable future. With clear progress in 2024 and groundbreaking plans for 2025, we remain committed to empowering our customers with the tools they need to thrive in a rapidly evolving landscape.
Watch our recent webinar and schedule a demo to see the latest in action!