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OSCRE's Environmental Data Standard initiative has 3 parts - Energy, Water and Waste.
  1. Energy has been published with 5 uses cases and an API Spec. View the Energy use cases and consider purchasing the OSCRE Enterprise Toolkit
  2. Water has reached the standards development stage, with completion expected in August this year.  
  3. Waste will be evaluated by OSCRE’s Product Board once the water project is complete as a prospective data standards project.
Highlights of the Water Data Standards Project
  1. The same 5 use cases developed for Energy apply to Water with some variation in the details.
  2. Energy took 6 months to develop - very fast in itself - Water will take 4.
  3. Mirroring the 5 Energy use cases makes it easier to implement Energy and Water together.  
  4. The major reporting platforms ask for both Energy and Water - the combined use cases will support that.
  5. The business case for implementing Water adds value beyond Energy, including:
  • Measuring ROI on capital investment in projects impacting water.
  • Developing the business case for water reclaimation systems. 
  • Improving attractiveness of assets to investors with ESG-focused funds.
  • Mitigating risk of financial penalties and lack of water supply.
  • Simplifies baselining water use and monitoring performance.
  • Anticipating information needed for insurance and underwriting where water reslience is a factor.

 

Industry Leadership and Collaboration.  The OSCRE Environmental Data Standards are the result of a collaboration of leading companies and industry associations. Together they are developing the standards to improve environmental data management and reporting. Who's participating in the project?  

Blackstone, BentallGreenOak, Brookfield, CBRE, Cherre, CohnReznick, Elme Communities,

EY, JLL, Hines, Lionpoint, MRI, Yardi, ConnexFM, CoreNet Global, IFMA and others

Why These Industry Leaders are Collaborating? These industry leaders are sharing their perspectives and collaborating to develop solutions to 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 managing environmental data. That need for speed impacts how you collect, report and analyze data. 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.

Interested in collaborating? please contact us at info@oscre.org

 
Securities and Exchange Commission adopted
final rules to require registrants to disclose certain
climate-related information in registration
statements and annual reports - now on hold.
 

 

 

 

 

 

 

 

 
Realcomm Live welcomes guests Lisa Stanley, CEO of
OSCRE International and Adam Hastings,
Chief Data Officer at Hines to discuss details
about the Environmental Data Standards Project.

VIEW PRESENTATION

OSCRE's Sustainability Innovation Forum:
Sustainability @ BMO Financial
Deep dive into sustainability strategies, practices and ethics including a focus on data management
Environmental Reporting: The Case for Industry Collaboration, by Lisa Stanley, OSCRE CEO
Published by WMRE 2023 Market Outlook, click here to read

 

 

 

 

Environmental data: pain points, priorities and performance 

CoreNet Global The Source
Nov. 2022 issue, click here to read