ESG Platform Local Law 97

Unleashing the Power of Measurabl's ESG Platform for Sustainable Building Management

Optimizing Carbon Output with this Cutting-Edge ESG Platform

The impact of human activities on the environment has become a major concern around the world. As a result, initiatives are underway to ensure that businesses adopt sustainable practices, and real estate is no exception. Commercial buildings generate significant greenhouse gas emissions, and consequently, building owners and operators are becoming increasingly interested in Environmental, Social, and Governance (ESG) principles.

Measurabl is an innovative ESG platform specifically designed for the real estate industry. This platform empowers companies to effectively manage, measure, disclose, and act on ESG data, in turn promoting sustainability, transparency, and responsibility. One of the key aspects of Measurabl's role is its relationship with Local Law 97, a groundbreaking regulation aimed at reducing greenhouse gas emissions in New York City. In this blog post, we'll look closer at Measurabl, Local Law 97, and how the two intersect to drive a sustainable future for the real estate sector.

Measurabl's platform offers a suite of tools that enable real estate companies to manage and disclose their ESG data efficiently. With a user-friendly interface and a range of features, Measurabl simplifies the process of ESG reporting and allows companies to focus on implementing sustainable practices. Key features of Measurabl's platform include:

  1. Automated Data Collection: Measurabl's platform automatically collects and aggregates utility, waste, and water data, streamlining the reporting process and reducing the need for manual data entry.
  2. Benchmarking: Measurabl provides real-time benchmarking against industry peers, enabling building owners adn operators to identify areas where they outperform or underperform in ESG performance.
  3. Disclosure and Reporting: The platform supports various reporting standards such as GRESB, CDP, and ENERGY STAR, allowing building owners and operators to produce accurate and consistent reports for stakeholders efficiently.
  4. Actionable Insights: Measurabl's analytics engine provides tailored recommendations to help building owners and operators improve their ESG performance, identify cost-saving opportunities, and reduce environmental impact.

One of New York City’s most significant environmental laws is Local Law 97. This law mandates that buildings larger than 25,000 square feet reduce their carbon emissions by 40% by 2030 and 80% by 2050. In addition, the law requires owners of such buildings to report their carbon emissions annually, and non-compliance attracts significant fines. Measurabl helps building owners and operators comply with the above requirements by clearly understanding their energy usage, waste disposal, and water usage. The platform also assists in collecting, analyzing, and reporting data to regulatory agencies.

The implications of Local Law 97 are profound for the real estate industry. Non-compliant building owners face substantial fines. As a result, many companies are re-evaluating their sustainability strategies to avoid penalties and meet the law's stringent requirements.

Measurabl's ESG platform is crucial in helping building owners and operators comply with Local Law 97. Measurabl simplifies tracking greenhouse gas emissions, identifying reduction opportunities, and implementing effective ESG strategies by providing an integrated data management, disclosure, and reporting solutions.

Here are three ways Measurabl supports real estate companies in complying with Local Law 97:

  1. Accurate Emissions Tracking: Measurabl's automated data collection and aggregation features ensure that building owners and operators can access accurate, up-to-date emissions data, helping them monitor their progress toward meeting Local Law 97 requirements.
  2. Targeted Recommendations: Measurabl's analytics engine offers tailored insights to help building owners and operators identify areas of improvement, including energy efficiency measures and retrofits that can reduce emissions and lower costs.
  3. Streamlined Reporting: The platform's support for various reporting standards allows building owners adn operators to quickly generate reports demonstrating compliance with Local Law 97, minimizing the risk of penalties and reputational damage.

Measurabl's ESG platform helps building owners and operators manage and report their sustainability data. The platform offers automated data collection, benchmarking, reporting, and tailored insights. Measurabl also assists companies in complying with Local Law 97 by accurately tracking emissions, providing targeted recommendations, and streamlining reporting. Measurabl is pivotal in promoting a sustainable future for the real estate sector.

To learn more about Local Law 97, visit the ReWyre LL97 landing page. ReWyre is proud to partner with innovative technology providers to transform the built environment for a smarter and more sustainable future.