How to Use ESG Software for a Better ESG Performance
1. Understand the Status Quo: Collect and Track Data
When does real estate generate income and how can the profitability of properties be ensured? To do so, real estate companies and asset managers need sound data on buildings, consumption, CO₂ emissions, tenants and climate risks. However, this relevant data is often not available or is scattered among the property or facility management teams or comes from invoices and Excel spreadsheets.
With an ESG management platform, you can centrally collect and track the relevant data of your portfolio from different sources. You can also view developments in energy costs and CO₂ levies, as well as value risks. The data can also flow from one process to the next and be reused.
2. Simulate and Plan Scenarios and Measures per Mouse Click
Modernizing all assets at the same time is not possible from an economic point of view. Therefore, sensible decisions must be made as to which measure should be taken for which properties and when.
An ESG software helps you define and prioritize measures at building and portfolio level and track their implementation. All planned measures take into account a profitability calculation and simulate the impact on CRREM paths. This enables you to make informed decisions.
3. Communicate Progress Flexibly and Effectively
Investors, board members, and regulators want to know how your properties' ESG and financial performance is evolving and what upgrades are planned next. However, manually entering the data and complying with internal and external reporting standards that are constantly changing is usually time-consuming and error-prone.
An ESG management software collects information automatically so you can quickly provide information to your investors and identify areas for improvement. The collected data then automatically flows into established ESG reporting standards (e.g. GRESB, ECORE, GRI, CRREM, etc.), allowing you to transparently report your ESG performance and quickly respond to changes. Using the platform, you can communicate your achieved goals as well as planned tasks and efforts. In addition, you can create your own reporting and scoring models and have individualized reports created for different target groups.