Measurabl Introduces Free Sustainability Software
Measurabl, renowned for its sustainability data platform in real estate, has unveiled a groundbreaking free software solution. This innovative tool allows property and portfolio managers to measure, manage, and report on sustainability performance without any cost. With this recent launch, Measurabl has already registered impressive results by onboarding 5,000 buildings, equating to 1 billion square feet across a diverse array of global locations.
Timely Launch Amid Industry Changes
The introduction of this free solution comes at a crucial moment as the real estate sector undergoes significant shifts due to various regulatory and economic factors. For instance, changes in EU disclosure rules and new U.S. climate policies are reshaping how stakeholders approach sustainability. Investors are increasingly emphasizing performance-based sustainability metrics when making decisions about leasing, lending, and asset management.
Aligning Sustainability with Business Value
As Measurabl's Co-Founder and CEO, Matt Ellis notes, the focus now must shift towards a more measurable integration of sustainability and business value. This means providing stakeholders with easier access to data and an array of tools for interpreting it accurately. The intent behind making this software free is to eliminate barriers previously set by paywalls, allowing broader access to crucial sustainability data.
Commitment to Energy Standards
Measurabl has shown commitment to preserving and enhancing ENERGY STAR standards, which have significantly influenced sustainability practices in North America. Despite the ongoing threats to these standards, Measurabl aims to support and promote compliance through investment-grade sustainability data systems.
Game-Changing Features of the New Software
The capabilities of Measurabl's free software are extensive, enabling users to:
- Track energy, water, waste, and carbon emissions effectively across different properties.
- Visualize sustainability performance trends and establish reduction targets for future improvement.
- Benchmark properties against a massive database of over 20 billion square feet worldwide to remain competitive.
- Ensure compliance with local regulations through audit-ready data.
- Collaborate securely with team members and stakeholders by sharing essential data.
- Seamlessly collect and store data by utilizing bidirectional syncing with existing management tools.
Support and Growth of the Solution
Since its launch, Measurabl’s free tool has seen a diverse array of early adopters, including numerous property owners and state pension funds, emphasizing its vast potential. Advanced features continue to remain available for organizations needing further functionality through paid options, known as Navigate, which enhance data quality and support sophisticated reporting needs.
Measurabl's Ongoing Impact in the Industry
As global markets face increasing scrutiny regarding sustainability practices, Measurabl’s ability to provide actionable insights and benchmarks is vital. The firm is dedicated to creating a broad coalition within the industry aimed at ensuring access to quality data for all stakeholders, whether they be owners, operators, or regulatory bodies.
Frequently Asked Questions
What is Measurabl's new free software solution?
Measurabl has launched a free software platform that enables stakeholders in the real estate sector to effectively measure and report on their sustainability performance.
How many buildings have adopted the free software?
In just a few weeks after launch, the software has onboarded 5,000 buildings, which collectively represent 1 billion square feet globally.
What key features does the free software offer?
The software allows users to track energy, water, waste, and carbon emissions, benchmark properties, visualize performance trends, and ensure compliance with sustainability standards.
Why is the launch of this software significant?
The software's launch is crucial due to the current shifts in climate policy and regulatory standards affecting the real estate industry, facilitating easier access to essential sustainability data.
Can existing Measurabl customers access the free features?
Yes, existing Measurabl customers can access these new free features alongside their paid premium capabilities.
