Whitepaper

Why Does the Real Estate Market Need ESG Reporting Software?

Discover benefits of implementing the ESG reporting system for real estate and learn how such software can help with non-financial reporting.

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Discover benefits of implementing the ESG reporting system for real estate and learn how such software can help with non-financial reporting.

Environmental, social, and governance (ESG) reporting was a voluntary business practice until recently. Today, in the era of new legal and EU regulations and the ever-increasing environmental pressures, it has become a foundation of running a business responsibly and a key element of competitive advantage. Beginning in 2023, the non-financial reporting requirement will apply to large companies and companies listed on a stock exchange. However, starting in 2026, it will be obligatory for most companies.

Non-financial reporting focuses on sustainability factors, which the European Union is currently finalizing. These standards (ESRS — European Sustainability Reporting Standards) outline reporting requirements in the following four areas:

  • General principles (general, strategy, governance, and materiality assessment disclosure requirements)
  • Environment (e.g., climate change, pollution, water & marine resources)
  • Social (e.g., own workforce, consumers, and end users)
  • Corporate governance (e.g., governance, risk management, and internal control)

This white paper highlights:

  • Benefits of ESG reporting software for the real estate industry
  • How to organize and visualize ESG data
  • How to leverage smart metering and Internet of Things (IoT) sensors to streamline ESG reporting
  • What are the steps to implement ESG reporting software
  • and many other examples of using such software for non-financial reporting
ESG reporting for real estate - ebook

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