Pension investor PGGM teamed up with the GeoPhy, a data analytics platform, to map the sustainability and CO2 footprint of the global real estate portfolios PGGM administers for its clients.
Teun van den Dries, founder and CEO of GeoPhy, said that the partnership will bring about huge opportunities for both parties.
"The institutional knowledge, experience and position of PGGM, combined with our cutting-edge technology and independent data-driven approach offer huge opportunities for collaboration," said Dries. "With a global portfolio and enormous ambition in the field of sustainability, PGGM is already an innovator in its market and we are honored to further support that innovation."
With this partnership, a full transparency about the CO2 effects of the global real estate investments will be achieved, thanks to the technology developed by GeoPhy and the use of big data.
The Dutch company PGGM is the first real estate investor able to map the CO2 footprint of its entire real estate portfolio, down to individual buildings. The partnership will also grant PGGM the rights to compare the CO2 footprint of its real estate portfolio against those of several local real estate markets. Through this, PGGM can quickly increase sustainability for its current investments as well as add new, sustainable real estate to its portfolio in a more targeted manner.
"The data and insights of GeoPhy enable us to take an important new step in achieving full insights in the CO2 performance of our real estate investments," said the head of Listed Real Estate at PGGM, Hans Op't Veld. "By doing that, we cater to the wishes of our clients to know how their investments can contribute to solving the climate problem."
Facility Executive has reported that according to the GRESB (The Global Real Estate Sustainability Benchmark), PGGM doubled the private and listed real estate in the highest sustainability category last year.
