Real estate ESG technology platform Measurabl has launched an on-demand ESG due diligence solution that gives real estate investors, lenders, and insurers “instant access to accurate, timely property-level data on any real estate transaction globally”.
Measurabl said its new Climate Due Diligence Scan (CDDS) provides “highly accurate property-level estimates” derived from the company’s “uniquely powerful machine-learning model” which uses a ESG real estate database of more than 15 billion square feet and physical climate risk data from S&P Global Sustainable1.
Gregory Michaud, head of real estate finance at Voya Investment Management, said: “Accurate, timely environmental performance data at scale is essential for markets to price ESG risk into real estate transactions and ultimately build a more effective, efficient market.”
Steve Bullock, managing director, global head of research and methodology at S&P Global Sustainable1, added: “S&P Global Sustainable1 is delighted to be working with Measurabl to support increased transparency of the physical risks of climate change for the critical market of real estate transactions. Our physical risk dataset uses the best available climate models and considers eight climate change hazards to enable market participants to have access to high quality data and evidence-based insights at asset level as they seek to understand and manage their exposure to the physical risks of climate change.”
Sara Anzinger (pictured), director of data products at Measurabl, said: “Making any type of real estate investment decision without upfront visibility into its sustainability risks is not only imprudent, it’s unnecessary. More than ever before, transition and physical climate risks carry financial consequences that can threaten investment returns.”
