JLL and IBM Simplify ESG Reporting in Real Estate
Key Takeaways
- JLL and IBM collaborate on a sustainability solution for commercial real estate.
- IBM Envizi software facilitates ESG data management and reporting.
- Collaboration helps businesses meet rising demand for low-carbon buildings.
JLL, a leading commercial real estate services firm, has announced a global partnership with IBM to strengthen its Sustainability Programme Management offering.
This programme provides services like decarbonisation strategies for commercial real estate (CRE) clients. The new integration adds the IBM Envizi ESG Suite, a software solution for ESG data management and reporting.
Addressing the Growing Need for Sustainable Buildings
The CRE industry faces increasing pressure to become more sustainable. JLL's research indicates a huge shift in corporate leasing preferences towards low-carbon office spaces. This trend is expected to accelerate in the coming years, with unmet demand for such spaces reaching 30% by 2025.
Challenges and Opportunities in ESG Integration
Despite the growing demand for sustainability, many companies struggle to integrate ESG metrics into their core operations. A report by the IBM Institute for Business Value highlights this challenge, revealing limited integration of ESG metrics in supply chain management, procurement, and real estate functions.
Data Management: Key to Sustainability Success
Companies that successfully operationalise sustainability initiatives outperform their peers in profitability and revenue growth. Strong data management and reporting platforms are crucial for achieving these results. JLL recognises this need and views IBM Envizi as an essential component of its Sustainability Programme Management solution.
Benefits for JLL Clients
The initial rollout of the IBM Envizi software will empower thousands of JLL clients to simplify their sustainability data management and reporting. This will allow JLL's sustainability experts to provide clients with more comprehensive support in achieving their decarbonisation goals.
Guy Grainger, Global Head of Sustainability Services at JLL: "As ESG reporting requirements are increasingly mandated, our clients rely on us to help deliver decarbonization strategies across their portfolios. We identified IBM Envizi as our preferred solution that will allow our expansive team of sustainability subject matter experts to provide more robust reporting and data management around these strategies.”
Kendra DeKeyrel, Vice President of ESG and Asset Management at IBM: "Now more than ever, organizations need ESG data to underpin their sustainability performance initiatives and reporting. We look forward to working with JLL to enable their customer base with our AI-infused, specialized software to meet their evolving business needs.”
Learn More
For further information on IBM Sustainability, visit www.ibm.com/sustainability. To explore JLL's Sustainability Services, visit https://www.us.jll.com.
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Source: JLL
