A sustainability services company has launched a new product to help investors managing $1trn in real estate funds to track their progress towards net zero.
The Net Zero Tracker produces a graph showing the investor’s own net zero target vs the real progress towards that goal over time. It can show whether they are on track or falling short and identifies which sustainable investments are having the most impact.
Chris Bennett, founder of Evora Global, said he hopes the new feature of his company’s SIERA software will also aid our understanding of global efforts towards sustainability.
“Net Zero Week is a time when we really need to take stock of where we are in terms of sustainability. We need to do this as a society, as businesses and as individuals.
“To do this properly we need good data and a clear pathway towards a sustainable future. These things are possible and I hope the world’s biggest funds and property owners will take a lead on this.
Bennett says his software team has developed the tools to show investors exactly where they stand in the drive to cut emissions.
“Close to 40 percent of emissions come from real estate. Meanwhile, investors in global real estate each have their own net zero targets, along with incentives to achieve those targets.
“But until there’s clarity on their own progress, it’s hard for those investors to make clear decisions on next steps.
“This feature enables real estate investors to see, in a single snapshot, how close they are to achieving their net zero targets, and how that’s likely to progress over time.”
The Net Zero Tracker means investors are able to see easily if they need to improve their own sustainability credentials in order to achieve their goals, using the data collected by building managers and stored by SIERA.
“We hope this feature will enable some of our world’s most powerful investors to make decisions which will deliver significant progress towards a net zero society,” added Bennett.