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 environmental data between these stakeholders and across the industry, linking asset-level data with portfolios and attracting new investment in funds based on improved enviromental capabilities and performance. OSCRE's focus is on the environmental data standards needed to go beyond real estate reporting for ESG, and to help integrate data source 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 Data Standards Initiative, please email us at info@oscre.org for more information.