Whether considering decisions in stagnant Western markets or dynamic markets across Asia Pacific, corporate real estate decision makers continue to increasingly prioritize sustainability. Though sustainability’s role in a real estate decision may vary greatly from Tokyo to Bangalore, an ever increasing number of managers are depending on sustainability practices to deliver results.
In Australia, the recent law mandating the inclusion of a NABERS (AUS National Emission Rating System) in all real estate transactions over 2000m2 is giving rise to environmental reporting standards far in excess of the mandate. Companies such as Telstra, the largest telecom in Australia, are applying environmental reporting across vast portfolios, measuring a range of metrics with the intention of demonstrating a comprehensive picture of an environmental footprint.
Because the majority of most companies’ footprint rests with their real estate, facility managers are central to the role of reporting. In order to deliver the nuanced degree of detail needed for measuring a comprehensive footprint, facility managers need powerful tools which can act as environmental analytics measuring every environmental inputs and providing simple, easy to read outputs to be communicated back to a client.
When Jones Lang LaSalle was first approached to deliver such reports for the facilities we manage, we found a lack of available tools in the market. At the time, available solutions tended to be crude, producing either incomplete or incomprehensible outputs. We were forced to respond by developing our own platform for environmental reporting, initially focusing on facilities. With the NABERS legislation mandating energy reporting on facilities, facility energy use representing such a large portion of a company’s environmental footprint, and shareholders’ ever present demand for transparency we expected corporations to increasingly consider comprehensive environmental footprint reporting which depend on robust analytic tools. Thus, we invested in our platform and evolved it into our online ESP platform which has become a key element in our sustainability arsenal of tools. Processing hundreds of thousands of data sets, the Jones Lang LaSalle ESP is now a tool able to deliver timely and accurate reporting of utility consumption, and environmental footprint including facility and nonfacility related metrics.
While sustainability reporting is not unique to Australia, sustainability’s role as a catalyst for transparency was led by government regulation unique to the country further demonstrating the versatility of the principle as a driver of change.
Click here to learn more found in Jones Lang LaSalle’s Fall edition of the Global Sustainability Perspective