, /PRNewswire/ — Lately IBM (NYSE: IBM) and SL Inexperienced Realty Corp. (NYSE: SLG), Big apple’s greatest workplace landlord, introduced that SL Inexperienced is leveraging IBM sustainability tool to assist advance their corporate’s environmental, social and governance (ESG) technique. SL Inexperienced will use tool from Envizi, an IBM Corporate, to higher perceive and document on its environmental projects, determine alternatives for larger potency and additional force sustainability throughout its in depth actual property operations.
As the most important proprietor of workplace actual property in New York Town, SL Inexperienced is all for successfully managing its portfolio of Big apple business homes, with passion in additional than 70 structures totaling 34.9 million sq. ft. Within the face of local weather alternate and briefly evolving societal demanding situations, SL Inexperienced is dedicated to a wide set of sustainability projects and targets – from environmental efforts comparable to optimizing power, water and waste control, to sustainable construction of recent homes, and methods to profit the well being and protection of each tenants and the local people. In 2021, SL Inexperienced aligned with the City Land Institute (ULI) Internet 0 by means of 2050 purpose of carbon impartial development operations and stays dedicated to environment a Science-Primarily based Goal for greenhouse gasoline emissions.
Gaining access to the appropriate information is an important for plenty of organizations to make significant growth towards their sustainability targets however this knowledge is incessantly extremely fragmented throughout quite a lot of codecs and places, making it tricky for all related events to leverage. In a up to date IBM find out about, 44% of surveyed CEOs cited “loss of insights from information” as a number one problem to reaching their sustainability targets.1 In January, IBM received Envizi to provide organizations generation to assist streamline and automate their assortment, research and reporting of ESG information, with simplified dashboards and visualizations that may make those insights extra out there to stakeholders of all kinds.
“As the most important proprietor of workplace actual property in New York, now we have been pioneers in ESG, taking motion to make stronger the Town’s essential sustainability projects,” mentioned Laura Vulaj, Senior Vice President & Director of Sustainability at SL Inexperienced. “Being dedicated to creating data-driven selections has been a an important differentiator for us, and Envizi’s complicated generation can permit us to additional streamline those projects in a clear and measurable manner for our stakeholders.”
Running with IBM, SL Inexperienced will use Envizi tool as a carrier (SaaS) to assist organize and boost up sustainability projects throughout its portfolio. For instance:
- Create a unmarried machine of file for sustainability and ESG information: Envizi can assist SL Inexperienced streamline the number of information from a variety of resources comparable to software information, renewable power certificate, waste information, industry shuttle, bought items and products and services, so as to supply all stakeholders with constant information for reporting, research and resolution making – for instance, to make stronger Scope 1, 2 and three GHG emission calculations.
- Analyze information to tell sustainability decision-making: SL Inexperienced can follow Envizi’s complicated analytics to turn into this knowledge into insights at the efficiency of its portfolio, which is able to assist force higher selections and meet sustainability targets. For instance, Envizi may just assist SL Inexperienced calculate greenhouse gasoline emissions, set decarbonization objectives and monitor growth in opposition to its emissions relief targets.
- Streamline ESG and sustainability reporting: SL Inexperienced is dedicated to clear ESG disclosures and stories its efficiency below all kinds of ESG reporting frameworks together with CDP, SASB, TCFD, GRI, CSA (DJSI) and SBTi. Envizi’s ESG reporting features could make it more straightforward for SL Inexperienced to streamline those reporting processes, with all reporting questions and responses controlled inside of a unmarried tool interface.
“The facility to turn into in style operational and environmental information into insights that industry leaders and stakeholders can perceive is a foundational step in opposition to making sustainability projects efficient and scalable,” mentioned Kareem Yusuf, Ph.D., Normal Supervisor, IBM Sustainability Instrument. “By means of taking a 360-degree means, supported by means of connections between information, applied sciences and processes, firms can operationalize sustainability projects throughout their group.”
This collaboration between IBM and SL Inexperienced comes at the heels of the hot announcement that IBM has signed on as an anchor tenant for One Madison Street, SL Inexperienced’s 1.4 million sq. foot, cutting-edge redevelopment scheduled for final touch in November 2023.
About SL Inexperienced
SL Inexperienced Realty Corp., Big apple’s greatest workplace landlord, is a completely built-in actual property funding believe, or REIT, this is centered totally on obtaining, managing and maximizing price of Big apple business homes. As of December 31, 2021, SL Inexperienced held pursuits in 73 structures totaling 34.9 million sq. ft. This incorporated possession pursuits in 26.9 million sq. ft of Big apple structures and seven.1 million sq. ft securing debt and most well-liked fairness investments.
About IBM Sustainability Instrument
IBM’s in depth portfolio of AI tool can assist organizations flip sustainability ambition into motion. IBM is all for serving to firms harness the facility of knowledge, connecting environmental, social, and governance (ESG) targets with broader industry operations and programs – comparable to clever amenities and bodily belongings, resilient IT infrastructure and round provide chains. Those answers are underpinned by means of environmental intelligence, operational information, and AI, designed to turn into disparate information resources into insights that may assist firms force smarter, sustainable selections on a daily basis.
1 Supply: IBM Institute for Trade Price, CEO Find out about: Personal Your Have an effect on, Would possibly 10, 2022