Measurabl Partners with Green Building Council of Australia
Measurabl, the foremost sustainability data platform for real estate, has formed a significant partnership with the Green Building Council of Australia (GBCA). This collaboration is set to incorporate Green Star certification data into Measurabl's expansive data product suite.
Enhancing Global Real Estate Data Accessibility
This exciting partnership integrates Green Star, which is akin to the U.S. Green Building Council's LEED certification. With a current reach extending over 22 billion square feet, covering 120,000+ buildings and approximately $3 trillion in assets under management, Measurabl will now provide greater transparency for properties with Green Star certifications.
Understanding Green Star Certification
Green Star evaluates sustainability across various aspects such as design, construction, and operational performance. It covers critical factors including indoor air quality, energy efficiency, water use, and material selection. When integrated into Measurabl's suite, this enhances the platform’s dataset, affording investors superior benchmarking tools, rigorous due diligence, and comprehensive insight into building performance across diverse markets.
A Global Commitment to Sustainability Standards
Currently, Measurabl's certification partners span leading systems—LEED, BREEAM, and CASBEE, in addition to Green Star. This unified approach allows for robust global coverage of sustainability standards. Investors benefit from a more accurate and comparable view of sustainability performance, solidifying Measurabl's mission to create a standardized sustainability data infrastructure that is investment-grade.
The Vision of Measurabl
Maureen Waters, President of Measurabl, expressed excitement about this partnership, highlighting the importance of connecting local certifications to global sustainability objectives and capital flows. This initiative accentuates Measurabl's drive to transform the world’s sustainability data infrastructure and establish a reliable foundation for real estate transactions, from valuations to acquisitions.
The Growth of Green Star
In a remarkable year for Green Star, nearly 1,100 new certifications were added, marking significant growth in Australia’s commitment to sustainable building practices. Currently, 3.4 million Australians frequent shopping centers that boast Green Star certifications, and a considerable portion of office buildings in urban areas are also certified under the Green Star Performance framework.
High-Profile Projects under Green Star
Some notable Green Star-rated projects include the Sydney Swans Headquarters, STARS Hospital in Brisbane, and the Eumemmerring Business Park, reflecting the evolving landscape of sustainable architecture in Australia.
Aligning with Global Climate Goals
As Australia increases its climate ambitions, the GBCA has outlined new emission reduction targets. Jorge Chapa, Chief Impact Officer of GBCA, states, "Buildings are pivotal in fulfilling these commitments. By enhancing the visibility of Green Star on an international platform like Measurabl, we connect climate objectives with tangible assets, reinforcing the value of sustainable buildings for resilience and long-term financial benefits."
Broader Impacts of the Partnership
With the inclusion of Green Star certifications, Measurabl is enhancing global visibility and coverage in sustainability. This initiative also fortifies partnerships with prominent organizations like FTSE Russell, expanding certification data accessibility in Australia and beyond, providing investors with better insights during pre-loan and acquisition evaluations.
Making Sustainability Accessible
This partnership also follows Measurabl's launch of its first free industry-led sustainability solution, which broadens access to the fundamental functionalities of its platform. Within a short timeframe, over 12,000 buildings representing 2.2 billion square feet have joined the platform, emphasizing Measurabl’s commitment to allowing every owner and stakeholder access to crucial sustainability data, regardless of resources or location.
A Leader in Sustainability Data Management
As the leading sustainability data platform for real estate, Measurabl is strategically positioned to shape global standards and integrate sustainability data into every real estate transaction. This partnership represents a significant milestone in their ongoing mission.
Frequently Asked Questions
What is the purpose of the partnership between Measurabl and GBCA?
The partnership aims to integrate Green Star certification data into Measurabl's platform, enhancing sustainability data accessibility for global real estate.
What does Green Star certification assess?
Green Star evaluates sustainability in design, construction, and operations, focusing on factors such as indoor air quality, energy efficiency, water usage, and material selection.
How does this partnership benefit investors?
This partnership provides investors with enhanced benchmarking tools and insights into building performance across various markets, facilitating informed decisions.
What impact has Green Star had in Australia?
Green Star has seen significant growth, with over 3.4 million Australians able to access Green Star-certified shopping centers, signaling a strong commitment to sustainable development.
How many buildings are currently managed by Measurabl?
Measurabl manages more than 22 billion square feet of real estate, highlighting its extensive engagement in the sustainability sector.
