IBM and real estate company JLL have announced a sustainability solution powered by IBM Envizi technology and delivered by JLL’s sustainability services team, available globally.
JLL’s Sustainability Program Management offers services like decarbonization strategies to the commercial real estate (CRE) sector. They will now use IBM Envizi ESG Suite software to support these services. This software helps organizations in the CRE sector manage and report their data for better decision-making and public reporting.
According to JLL’s report, “The Green Tipping Point,” corporate lease demand is starting to shift due to ESG requirements. In the next 12 to 24 months, significant changes are expected. By 2025, 30 percent of the demand for low-carbon office space will not be met, marking a critical point for achieving net-zero carbon targets in lease markets.
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JLL recognizes the importance of data management and reporting software to support their clients’ sustainability strategies, and IBM Envizi is a critical part of the JLL Sustainability Program Management solution. The initial rollout will offer many of JLL clients’ sites the opportunity to onboard to the IBM Envizi software.
Guy Grainger, global head, sustainability services, JLL, said: “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.”
Kendra DeKeyrel, vice president, ESG and asset management, IBM, said: “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.”
