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- Strategic Collaboration: IBM and JLL introduce a global ESG reporting and data management solution, leveraging IBM Envizi technology.
- Market Demand Shift: By 2025, 30% of market demand for low-carbon office space will remain unmet, signaling a critical shift.
- Integration Imperative: Operationalizing sustainability with robust data management can boost profitability and revenue growth.
Strategic Collaboration for Sustainability
IBM (NYSE) and JLL (NYSE) have unveiled a global sustainability solution, powered by IBM Envizi technology, to enhance ESG reporting and data management in the commercial real estate (CRE) sector. This collaboration combines JLL’s sustainability services with IBM’s advanced software to address the sector’s pressing data management needs.
Meeting the Market Demand Shift
JLL’s Sustainability Program Management now integrates IBM Envizi’s ESG Suite, aiming to tackle challenges such as data capture and management across real estate portfolios. A JLL report, “The Green Tipping Point,” indicates a significant shift in corporate lease demand based on ESG requirements, predicting a 30% shortfall in low-carbon office space by 2025.
“As ESG reporting requirements are increasingly mandated, our clients rely on us to help deliver decarbonization strategies across their portfolios. We identified IBM Envizi as our preferred solution that will allow our expansive team of sustainability subject matter experts to provide more robust reporting and data management around these strategies,” said Guy Grainger, Global Head of Sustainability Services at JLL.
The Integration Imperative
The IBM Institute for Business Value’s report, “The ESG Data Conundrum,” highlights limited integration of ESG metrics in core functions, with only 11% of organizations incorporating these metrics into real estate management. Enhanced integration is crucial, as operationalizing sustainability can lead to a 52% higher likelihood of outperforming peers in profitability and a 16% higher revenue growth rate.
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“Now more than ever, organizations need ESG data to underpin their sustainability performance initiatives and reporting. We look forward to working with JLL to enable their customer base with our AI-infused, specialized software to meet their evolving business needs,” stated Kendra DeKeyrel, Vice President of ESG and Asset Management at IBM.
Explore IBM’s sustainability efforts at IBM Sustainability and JLL’s sustainability services at JLL Sustainability Services.