IBM, JLL Team Up to Help Commercial Properties Col
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Posted On: 07/26/2024 5:01:26 PM
IBM, JLL Team Up to Help Commercial Properties Collect, Report ESG Data
Last week, JLL and IBM rolled out a sustainability system available to clients around the globe. IBM is a multinational tech company based in the United States while JLL is an international real estate services company based in the United Kingdom. The new solution, called Sustainability Program Management, is powered by EnviziESG suite and offered by the sustainability services arm of JLL.
The program offers sustainability services such as decarbonization strategies to be employed within commercial real estate operations. It is focused on addressing issues commercial real estate organizations face, including collecting or managing data on real estate portfolios for public reporting and decision-making.
One research report notes that the next one to two years will see plenty of change being implemented as environmental, social and governance (“ESG”) requirements cause shifts in corporate lease demand. It is expected that 30% of the market’s interest in low-carbon space won’t be met by 2025.
At the moment, however, ESG integration into key functions of most organizations is limited. A report by IBM determined that only 26% of survey respondents had integrated ESG parameters into sourcing and procurement while 20% had the metrics in their supply-chain activities. Another 11% had integrated these metrics into facilities and real-estate management. The report notes that for companies to address and meet their sustainability targets, integration of these metrics has to increase.
According to a separate report by IBM, companies that operationalize sustainability are more than 50% better placed to perform better than their peers, particularly on profitability. These companies also grow their revenue at a higher rate, adding up to 16%.
JLL has acknowledged the critical role of supporting their clients’ sustainability strategies through proper data management as well as reporting, and plans to execute this better using the Envizi technology. This initial launch will afford thousands of clients’ sites a chance to jump on the Envizi bandwagon.
IBM VP of ESG and asset management, Kendra DeKeyrel, stated that companies needed data on ESG to support their sustainability performance reporting and initiatives. DeKeyrel added that the company was excited to work with the team at JLL to better meet the changing business needs of the latter’s consumer base using its artificial intelligence (“AI”)-infused software.
JLL global head of sustainability services, Guy Grainger, noted that the company’s clients continued to rely on it to deliver strategies to decarbonize their portfolios as ESG reporting requirements became compulsory. Grainger revealed that Envizi was chosen as the preferred solution because it allows the company’s team of sustainability experts to offer more reliable data management and reporting.
As more enterprises such as IBM and JLL come up with innovative solutions to ease ESG reporting for various industries and verticals, extractive entities such as Reflex Advanced Materials Corp (CSE: RFLX) (OTCQB: RFLXF) could also soon gain a provider that understands their unique needs and has something to streamline the collection and reporting of their data on ESG.
NOTE TO INVESTORS: The latest news and updates relating to Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) are available in the company’s newsroom at https://ibn.fm/RFLXF
Please see full terms of use and disclaimers on the ESGWireNews website applicable to all content provided by ESG, wherever published or re-published: https://www.ESGWireNews.com/Disclaimer
Last week, JLL and IBM rolled out a sustainability system available to clients around the globe. IBM is a multinational tech company based in the United States while JLL is an international real estate services company based in the United Kingdom. The new solution, called Sustainability Program Management, is powered by EnviziESG suite and offered by the sustainability services arm of JLL.
The program offers sustainability services such as decarbonization strategies to be employed within commercial real estate operations. It is focused on addressing issues commercial real estate organizations face, including collecting or managing data on real estate portfolios for public reporting and decision-making.
One research report notes that the next one to two years will see plenty of change being implemented as environmental, social and governance (“ESG”) requirements cause shifts in corporate lease demand. It is expected that 30% of the market’s interest in low-carbon space won’t be met by 2025.
At the moment, however, ESG integration into key functions of most organizations is limited. A report by IBM determined that only 26% of survey respondents had integrated ESG parameters into sourcing and procurement while 20% had the metrics in their supply-chain activities. Another 11% had integrated these metrics into facilities and real-estate management. The report notes that for companies to address and meet their sustainability targets, integration of these metrics has to increase.
According to a separate report by IBM, companies that operationalize sustainability are more than 50% better placed to perform better than their peers, particularly on profitability. These companies also grow their revenue at a higher rate, adding up to 16%.
JLL has acknowledged the critical role of supporting their clients’ sustainability strategies through proper data management as well as reporting, and plans to execute this better using the Envizi technology. This initial launch will afford thousands of clients’ sites a chance to jump on the Envizi bandwagon.
IBM VP of ESG and asset management, Kendra DeKeyrel, stated that companies needed data on ESG to support their sustainability performance reporting and initiatives. DeKeyrel added that the company was excited to work with the team at JLL to better meet the changing business needs of the latter’s consumer base using its artificial intelligence (“AI”)-infused software.
JLL global head of sustainability services, Guy Grainger, noted that the company’s clients continued to rely on it to deliver strategies to decarbonize their portfolios as ESG reporting requirements became compulsory. Grainger revealed that Envizi was chosen as the preferred solution because it allows the company’s team of sustainability experts to offer more reliable data management and reporting.
As more enterprises such as IBM and JLL come up with innovative solutions to ease ESG reporting for various industries and verticals, extractive entities such as Reflex Advanced Materials Corp (CSE: RFLX) (OTCQB: RFLXF) could also soon gain a provider that understands their unique needs and has something to streamline the collection and reporting of their data on ESG.
NOTE TO INVESTORS: The latest news and updates relating to Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) are available in the company’s newsroom at https://ibn.fm/RFLXF
Please see full terms of use and disclaimers on the ESGWireNews website applicable to all content provided by ESG, wherever published or re-published: https://www.ESGWireNews.com/Disclaimer
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