Yardi Co-Hosts GRESB Event

Advancing Sustainability in Real Estate

By Lauren Garger on Nov 22, 2024 in Energy, Events

In October 2024, Yardi proudly co-hosted the year’s first GRESB Regional Insights event in Toronto, bringing together industry leaders and experts to discuss trends in real estate energy and sustainability. The event focused on the critical role of ESG (environmental, social, governance) in shaping the future of real estate, offering attendees valuable opportunities to learn from thought leaders, network with peers and explore rising trends in real estate practices.

For over 15 years, GRESB has been at the forefront of sustainability within the real estate sector, setting benchmarks that drive transparency, accountability and long-term value creation. GRESB’s comprehensive assessments and data-driven insights have become crucial for investors and asset managers seeking to integrate ESG principles into their strategies and operations, particularly as they navigate sustainability challenges and develop innovative solutions.

Key insights

With over 65 attendees and a full morning schedule, industry leaders like Dan Winters from GRESB shared critical updates on sustainability trends, stressing the importance of data-driven strategies to achieve ESG goals. He emphasized the need for real estate firms to align with evolving global standards and adopt innovative approaches to sustainability reporting.

Darryl Neate from REALPAC and Rob Simpson from Caisse de dépôt et placement du Québec (CDPQ) highlighted the growing role of ESG in real estate investment decisions. Their discussion centered on how real estate organizations can adapt to increasing regulatory pressures by embedding sustainability into every level of their operations.

As ESG reporting requirements continue to grow, the demand for accurate data and streamlined processes is more critical than ever. Rebecca Everts, senior energy benchmarking analyst at Yardi, discussed the importance of precise data management in tracking and analyzing building energy consumption. Yardi Energy has established itself as a leader in this field, equipping clients with tools to efficiently collect and analyze energy data. Much of the event’s discussion centered on the benefits of centralized data and clear reporting guidelines. Rebecca noted, “Reporting data for multiple organizations and clients can be complex, especially with different reporting timelines. Having well-organized data stored in one place makes it easier to review, ensure accuracy and streamline the reporting process.”

Rebecca also stressed that integration and data transparency are key to meeting the rising demand for ESG compliance. Yardi’s solutions help clients tackle these challenges head-on by offering advanced technology that simplifies the data collection and reporting process.

Overcoming challenges in ESG reporting

While the benefits of ESG integration are clear, the journey toward full implementation is not without its challenges. As other panelists, Bozena Jankowska of Slate Asset Management and Jessica Pilz of Fiera Capital, pointed out, successful ESG reporting requires more than just data—it demands passion, patience, and perseverance, the “three P’s” of ESG. They emphasized that ESG integration involves multiple stakeholders across an organization, and support from senior leadership is crucial in driving sustainable initiatives forward. Additionally, collecting reliable data, particularly from external vendors, can be a challenge. However, with best practices like centralizing data collection and encouraging regulatory compliance, organizations can ensure smoother ESG reporting.

A look to the future

This event emphasized that sustainability is no longer just a trend—it’s a necessity in today’s real estate market. As the demands for ESG transparency grow, real estate organizations must stay ahead by embracing innovative solutions, fostering a culture of sustainability and centralizing their data. Centralized data not only streamlines the reporting process but also enhances data accuracy and transparency, helping organizations meet compliance standards more effectively.

Yardi is proud to be part of this important conversation and looks forward to driving positive change in the industry.

To learn more about how Yardi’s energy solutions can support your ESG goals, watch a webinar.