Integrating sustainability into business has become more common in the real estate industry. In doing so, data and having high-quality data, have become more important than ever to folks looking to lower their environmental impact and meet tenant needs. Whether looking to comply with regulations, find efficiencies, or reduce GHG emissions, sustainability data management is the backbone for building a more sustainable property.
This necessity for high-quality data has led to many data challenges. The whole sustainability data management process is cross-departmental, time-consuming, error-prone, and costly when done manually. Still, with tight budgets in today’s economic climate companies are unwilling to spend on software solutions unless they gather a good return on investment (ROI). Luckily, with ScriptString.AI our unlocked access to high-quality sustainability data will propel your business to success with a high ROI.
Streamlining Sustainability Data Management – Time Savings
Think about the process of emissions tracking and reporting. When gathering data manually, you need to collect information for each property on energy consumption, fuel usage, waste disposal, and any other relevant activities that produce emissions. You will rely on having data sent from property managers, facility directors, or others working closest to the properties. Once you have this data, you will need to bring it all together and use emissions factors to convert it into carbon dioxide equivalents. These will differ depending on the location of each property as well. Who is doing this as well? Does your organization have a sustainability manager or are these duties governed by team members with other responsibilities?
That only covers the initial tracking and reporting of one specific area. To improve tenant experience, optimize water usage, or focus on other sustainability areas, you’ll need to manage more data. If you want to identify trends, hotspots, and areas for improvement, more time will need to be spent analyzing the data, building strategies, and implementing specific initiatives. This will involve collaboration across teams and continuous sustainability data management, not just for the reporting season.
ScriptString saves you time by automating the initial and ongoing tracking and reporting, delivering real-time data, and fully converting emissions calculations. Streamlining the sustainability data management process will give your team more time to focus on implementing strategies to meet goals with a reduction in data collection time by 91%+.
High-Quality Data at Your Fingertips.
Spoken as the “great sustainability data challenge” with evolving regulations and priorities, there is an increasing need for high-quality reliable data in this space.
With manual sustainability data management comes human error and overall low-quality data that will put your organization at risk. ScriptString.AI can reduce the cost of data quality controls by 81%+ with built-in quality checks, leaving you with high-quality data to work with at a fraction of the cost.
A Built-in Audit-Trail
As regulations increase, the need for auditable sustainability data is more crucial than ever. Many organizations are even choosing to voluntarily have their reports audited with varying levels of assurance in preparation for future mandatory regulations that will require assurance. Still, according to “2024 Nasdaq ESG Solutions research, 97% of companies report that audit and assurance of ESG and sustainability data is a challenge.”
While there are many steps in ensuring auditability, ScriptString.AI makes it easier by establishing a clear audit trail for the whole sustainability data management process. We specifically designed our platform to increase efficiency in reporting by facilitating audit readiness. With cross-team collaboration, data centralization and documentation, workflow automation, and clear audit trails, you can easily work towards goals and reporting deadlines effortlessly.
Ability to Make Informed Decisions & Boost Productivity
The ability to make informed decisions and boost productivity through the automation of sustainability data management offers the largest potential for ROI. When you have good data in front of you you can make sustainability decisions that will also lead to cost savings. Whether this is finding energy efficiencies, managing water use, or bettering waste management practices these decisions can offer upfront cuts in costs. As well, they can lead to increased profits through tenant satisfaction and the creation of more desirable properties.
Above all, ScriptString allows many departments to use this information in a collaborative effort. Our platform features increase productivity by encouraging cross-departmental collaboration, configurable executive dashboards, and facilitating collaboration with external stakeholders such as investors.
Automating Sustainability Data Management: A High ROI
Sustainability touches every aspect of your business when integrated into your overall strategy, ScriptString.AI enables you to see the financial benefits as well as the environmental benefits of doing so. Having great data governance and sustainability data management is key to seeing success in your endeavors. From bettering properties, lowering costs, and meeting compliance demands ScriptString.AI can be your partner.
Although there is an upfront cost associated with our platform, the ROI is greater than this. Contact ScriptString.AI today to better understand how we can help your organization and properties flourish today!
