International. IBM and JLL announced a sustainability solution powered by IBM Envizi technology and provided by JLL's Sustainability Services team, available worldwide.
The management of JLL's sustainability program, which provides sustainability services such as decarbonization strategies for the commercial real estate (CRE) sector, will now be supported by ESG data management and reporting software in the form of the IBM Envizi ESG Suite.
The solution is designed to help address challenges faced by organizations in the commercial real estate sector, such as capturing and managing data in real estate portfolios for decision-making and public reporting.
According to a research report provided by JLL, "The Green Tipping Point," while some corporate rental demands are already changing based on ESG requirements, the next 12 to 24 months will bring widespread change. By 2025, 30% of market demand for low-carbon office space will not have been met, creating a tipping point for the penetration of net-zero carbon in rental markets.
However, in organizations, the integration of ESG metrics into core functions is limited. The IBM Institute for Business Value report, "The ESG Data Context," showed that only 20% of respondents are integrating ESG metrics into supply chain operations; 26% in purchases and supplies; and only 11% of respondents, in real estate and facilities management. It follows that in order to address their sustainability goals, companies need to increase this integration.
In fact, according to the IBM Institute for Business Value's report, "Beyond Checking The Box," organizations that implement sustainability are 52% more likely to outperform their peers in profitability and enjoy a 16% higher revenue growth rate. In this scenario, one way to achieve these results is through the help of robust data management and reporting platforms.
JLL recognizes the importance of data management and reporting software in supporting its clients' sustainability strategies, and IBM Envizi is a critical part of JLL's sustainability program management solution. The initial deployment will offer thousands of JLL client sites the opportunity to incorporate IBM Envizi software.
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