X
GO

ESG - an OSCRE Priority

  Leadership & Innovation   >   ESG - an OSCRE Priority

Real Estate Environmental Data

"If there was ever a time for CRE leaders to earn a seat at the corporate table and keep it, it’s now." In the latest issue of CoreNet Global The Source, our CEO, Lisa Stanley, discusses the integral role corporate real estate teams play in ESG reporting. Learn more: Environmental data: pain points, priorities and performance (corenetglobal.org) 
Environmental, Social and Governance (ESG) initiatives have become a top priority for the real estate industry, and provide a unique opportunity for collaboration between investors, owners and occupiers. While what they do with the data may vary, they share a common need for real estate environmental data that’s collected at the asset level that’s accessible, consistent, transparent and can be exchanged across multiple systems. A data standards-based approach becomes a catalyst to attract more investment in real estate and address regulatory requirements that require reporting of real estate environmental data, including greenhouse gas emissions.
The time is now to dramatically improve the flow of ESG data between these stakeholders and across the industry, to link asset level data with portfolios and to attract new investment in funds based on improved ESG capabilities and performance. OSCRE's focus is on the ESG data standards needed to go beyond real estate reporting for ESG, and to help integrate data coming from diverse systems and platforms many of which are managed by others. 
 
 
“At Brookfield, sound ESG practices are integral to building resilient businesses and creating long-term value for our investors and other stakeholders,” said Pourhashemi. “Our industry, however, continues to face significant challenges with collecting, validating and reporting on ESG data as well as on other meaningful metrics. Through my new role at OSCRE, I’m excited to tackle these challenges to help drive the industry forward.”
- Soheil Pourhashemi, 2022/2023 OSCRE Chairperson of the Board, and Senior Vice President, Head of Technology at Brookfield Properties

If you’d like to know more about OSCRE’s ESG Initiative, please email us at info@oscre.org for more information.

Helpful Resources
by Scott Mason
 

How to get utility data from tenants

NAREIM's Zoe Hughes speaks with Michael Daschle of Brookfield Properties and Lisa Stanley of OSCRE

Listen to Propmodo podcast, Integrity, with Lisa Stanley, CEO of OSCRE International

 

Assessment of the Current State of ESG Data

  • No current standards for ESG data exchange
  • Limited ability to integrate ESG data along the supply chain
  • Integration problematic from asset to portfolio level
  • Regulatory reporting requirements expanding
  • Focus must be more expansive than reporting

OSCRE Focus - Solving ESG Data Challenges

  • Data integration is a priority
  • New standards extend the existing OSCRE IDM
  • Corporate governance relies on effective data governance
  • ESG data management practices are key to improvement

ESG Data Standards

Environmental

Social

Governance