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"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 industry, and provide a unique opportunity for collaboration betweeninvestors, owners and occupiers. While what they do with the data may vary, they share a common need for what’s collected at the real estate asset level that’s accessible, consistent and can be exchanged across multiple systems, providing a catalyst to attract more investment in real estate. 
 
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. 
 
ESG reporting starts with data integration across multiple platforms. Data Standards provide the consistency to exchange data and help you gain new capabilities across the entire supply chain. Email us to learn more about how you can participate in OSCRE's Environmental Data Standards Project for Real Estate.  We need leaders who will share perspectives on their challenges and cultivate solutions on one of the most critical challenges facing our industry today - better data to capture real estate’s impact on the environment. Real estate organizations need to move quickly to develop an effective approach to environmental data. That need for speed impacts how you collect, report and analyze data.  By participating in this project, you have an opportunity to accelerate your progress towards better strategies and practices for environmental data management and decision making in a platform-agnostic approach.  Here are some compelling reasons to participate:
 
  • - Attract and retain ESG-focused investors
  • - Gain insight from corporate occupiers
  • - Improve environmental performance and reporting
  • - Demonstrate responsible corporate stewardship
  • - Accelerate progress toward effective environmental data management

“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, 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

How to get utility data from tenants

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

 

Environmental data: pain points, priorities and performance
CoreNet Global The Source
Nov. 2022 issue, click here to read

 

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