ESG in Private Real Estate: Preqin & Measurabl Tie-Up
Preqin, a leader in alternative asset data, and Measurabl, a top real estate ESG technology provider, have partnered to improve transparency and accountability in sustainable private real estate investing.
This collaboration will provide estimates for carbon emissions, energy use, and green building certifications for nearly 1,00,000 private properties on Preqin's platform.
Tackling the Opacity of Private Real Estate ESG
Traditionally, private real estate ESG data has been murky. Self-reported information, often outdated and with varying methods, makes comparing sustainability performance across assets, funds, and managers difficult. Reliable ESG metrics have been scarce for financial professionals dealing with alternative investments.
Empowering Investors with Actionable Sustainability Insights
This partnership aims to change that by equipping investment professionals with strong ESG data for both individual assets and entire funds. With access to detailed carbon and energy metrics, investors can make better-informed decisions by precisely evaluating sustainability risks and opportunities. Measurabl's superior estimation models will be seamlessly integrated into Preqin's ESG data sets.
A Holistic View for Real Estate and Multi-Asset Investors
The combined solution benefits real estate investment professionals and multi-asset investors seeking a comprehensive portfolio view across asset classes. They can now gain insights into private companies' sustainability practices and policies, along with impact data, analysis, and valuable perspectives.
Jaclyn Bouchard, Head of ESG Solutions & Corporate Responsibility at Preqin, says, "We are delighted to share that Preqin and Measurabl are entering a partnership set to create a new standard for sustainable data covering private real estate. Both firms share a common vision to enhance and deepen the quality of data that our clients and the wider industry need to truly ensure performance is consistently and accurately being measured.
"We look forward to working closely with our partner, as we break boundaries and move towards making the realm of ESG in private markets more transparent and better for industry participants who seek enhanced returns and balanced portfolios.”
Matt Ellis, CEO of Measurabl, says, "Real estate is the world’s largest asset class and also one of the most environmentally impactful, accounting for nearly 40% of global emissions, making an accurate understanding of climate impacts and risks critical. But the daily changes in actual building performance and the nuances of tenant and landlord operations make carbon emissions calculations, among other key metrics, uncertain.
"This new partnership brings unparalleled transparency to real estate sustainability, leveraging Measurabl’s timeliness, granularity, and auditability of data, along with a consistent and comparable machine learning approach, to deliver accurate insights previously unavailable anywhere else.”
Measurabl's Secret Weapon: Powerful Machine Learning
Measurabl tackles common sustainability data challenges with cutting-edge estimates derived from a unique machine learning model. This model is trained on a massive global database of verifiable, monthly utility data from over 18 billion square feet of properties across 93 countries. Consistent methodology ensures trustworthy comparisons at both property and fund levels.
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Source: Preqin
