ESG Data, Big and Small – What Matters to Real Estate? from Corey Little on Vimeo.
ESG data encompasses the domain of sustainability data.
ESG data drives building value, and it frequently goes beyond looking at water efficiency and carbon intensity output. It takes these common measurements and attaches a monetary aspect to them. For example, a common measurement is carbon intensity per dollar invested. ESG data allows investors to see the value in sustainable buildings. The general belief is that the more sustainable a building is the higher capital performer it’ll be, meaning it is less risky and will generate higher revenue than its standard counterpart.
What is ESG data?
E – Environment
S – Social
G – Government
ESG is valuable across the entire spectrum of a property.
Among those who use ESG data are:
- Individuals Tenants
- Leasing Managers
- People who write loans for Green Building Projects
- Equity Investors
Measurabl makes this data accessible across the entire spectrum
Measurabl is a San Diego based company focusing on sustainability data in the built environment. Measurabl makes cloud-based software that collects data, creates investment-grade sustainability reports, and alerts a user to improvement opportunities. Measurabl displays big and small data, and eliminates time for data entry along with human error. It provides the user with an easy-to-navigate interface and allows the user to switch on-and-off data collection.
History of Measurabl
Matt Ellis, founder and CEO of Measurabl, is a former broker and the former Director of Sustainability Solutions for CBRE, and he is versed in the importance of data both on the property level and investor level. Measurabl was first built for integrations with Energy Star, and has expanded ever since.
“Data quality assurance is the core of our business”
- Matt Ellis, CEO of Measurabl
How BIG Data uncovers Big Answers
With data from more than 5B square feet of real estate, Measurabl’s machine learning algorithms ensure data is of the highest quality to draw accurate conclusions. Ellis was adamant on the importance of these 5B square feet as essentially being “sample size” that represents the built environment across the globe. This may remind you of the Law of Large Numbers from probability theory, meaning the larger the sample size, the closer to the true value you will become.
Having data on a little under 10% of the United States’s built environment, makes Measurabl’s software a very credible tool that makes judgments on the building itself and relative to other buildings.
Measurabl makes data not only accurate but accessible. With a click of a couple buttons, data can be sent to GRESB, BREAAM, and into investors hands.
You get easy to read results because Measurabl takes the granular data, a form of small data, from individual properties and enters those observations into a larger pool of data. From this big data, analysts can make predictions and judgments about similar buildings.
Accessible to All building types
No matter what your program is, Measurabl will know what to do with your data. The platform holds data from a variety of buildings including, commercial office spaces, retail spaces, residential, labs and even stadiums. You might ask yourself, but how can you compare the performance of an office space to a sports stadium? They may seem heterogenous; however, a stadium always has office space and an office space may use similar water fixtures that the stadium does.
To Read more about how Big Data is influencing green buildings
Read the Talk Data to Me blog.