Matt Ellis and Maureen Waters

Corporate interest in tracking clear and objective ESG data in the commercial real estate industry has grown in recent years, particularly as the effects of climate change become baked into the public consciousness — a trend for which Measurabl has been at the tip of the servicing spear. 

The ESG data platform, which claims to be the world’s most widely used, now covers some 18 billion square feet across 93 countries. It has spent the past year developing and refining its products and cultivating partnerships with other major firms such as Cushman & Wakefield to expand its availability.

Measurabl in July launched a next-generation version of its platform and a new software suite via its Quantum system, which it calls the world’s first real estate ESG cloud. Through Quantum, users can quantify and track objective sustainability data such as emissions and energy usage; receive guidance toward achieving net-zero energy and return on investment via its Measurabl Navigate product; and compare data to global averages across geographies and asset classes via its free ESGx Benchmarks product. That last product launched in September. 

“I think we’re following through on our commitment to the industry, which is to improve transparency, provide a better benchmark at the asset level that appraisers and lenders and lessees can transact with,” Matt Ellis said. “That’s fundamental, and that’s the way we’re going to get market transformation — get the better data out there and make it accessible.”

Along with a host of other newly appointed executives, Measurabl recently elevated its chief growth officer, Maureen Waters, to the role of president. Waters joined Measurabl in October 2023, and played a part in the company’s product launches and partnerships with major global CRE firms, like alternative asset data provider Preqin, London Stock Exchange Group subsidiary FTSE Russell and Bosch-affiliated sustainability solutions company Susteco.

“There is a seriousness [from the corporate side] — not just that we have to report [ESG data], but that we’re committed to getting to net zero, and, with everything going on in the world from a climate perspective, I just think that it’s something that we can’t ignore,” Waters said. “So you see much more on the corporate side that there’s a much more serious commitment and thoughtfulness around that that we haven’t necessarily seen historically.”