ESG real estate platform Measurabl has secured a deal to provide sustainability due diligence on all commercial real estate loans issued by Voya Investment Management.
The Measurabl platform provides organisations with energy use intensity and carbon estimates, green building certification look ups, and regulatory ordinances on any building worldwide, and enables businesses to “better understand the ESG implications of their current, previous, and future lending activity”.
Matt Ellis, Measurabl co-founder and CEO, said: “We are excited to announce such a significant win for Measurabl, marking another milestone in an extremely promising year for sustainability-focused businesses.
“Our partnership with Voya Investment Management signifies the start of a new era of sustainability reporting and the founding of a new market. As regulations tighten across the board, organisations are under pressure to disclose the ESG implications of their lending activities. Measurabl is the only software company in the world that offers asset level insights, meaning we have the capabilities to provide accurate sustainability data on current, previous, and future investments.”
Gregory Michaud, head of real estate finance at Voya Investment Management, added: ”We look forward to working with Measurabl and incorporating their advanced sustainability due diligence into our operations to the benefit of our clients. Their platform will enhance our underwriting process and bolster our impact investing initiatives”
