CHICAGO, July 15,
2024 /PRNewswire/ -- IBM (NYSE:IBM) and JLL
(NYSE:JLL) today announced a sustainability solution powered
by IBM Envizi technology and delivered by JLL's sustainability
services team, available globally.
JLL's Sustainability Program Management, which provides
sustainability services, such as decarbonization strategies to the
commercial real estate (CRE) sector, will now be underpinned by ESG
reporting and data management software in the form of the IBM
Envizi ESG Suite.
The solution is designed to help address the challenges
organizations in the CRE sector are facing, such as capturing and
managing data across real estate portfolios for decision-making and
public reporting. According to a research report provided by JLL,
"The green tipping point", while some corporate lease demand is
already shifting based on ESG requirements, the next 12 to 24
months will bring widespread change. By 2025, 30% of market demand
for low carbon office space will not be met – creating a tipping
point for net zero carbon target penetration in lease
markets.1
However, across organizations, the integration of ESG metrics
into core functions is limited. The IBM Institute for Business
Value report, "The ESG Data Conundrum", showed that only 20% of
respondents are integrating ESG metrics into supply chain
operations; 26% into procurement and sourcing; and just 11% of
those surveyed, into real estate and facilities
management2. It follows that in order to address their
sustainability goals companies must increase this integration. In
fact, according to the IBM Institute for Business Value report,
"Beyond Checking The Box", those organizations
that operationalize sustainability are 52% more likely to
outperform their peers on profitability, and enjoy a 16% higher
rate of revenue growth3. In this scenario, one way to
achieve these results is through the help of robust data management
and reporting platforms.
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 roll out will offer
thousands of JLL clients' sites the opportunity to onboard to the
IBM Envizi software.
Guy Grainger, Global Head of
Sustainability Services at 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 of ESG and Asset Management at 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."
To learn more about IBM Sustainability, please visit
www.ibm.com/sustainability. To learn more about JLL's
Sustainability Services, please visit https://www.us.jll.com.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and
consulting expertise. We help clients in more than 175 countries
capitalize on insights from their data, streamline business
processes, reduce costs and gain the competitive edge in their
industries. More than 4,000 government and corporate entities in
critical infrastructure areas such as financial services,
telecommunications and healthcare rely on IBM's hybrid cloud
platform and Red Hat OpenShift to affect their digital
transformations quickly, efficiently and securely. IBM's
breakthrough innovations in AI, quantum computing,
industry-specific cloud solutions and consulting deliver open and
flexible options to our clients. All of this is backed by IBM's
long-standing commitment to trust, transparency, responsibility,
inclusivity and service. Visit www.ibm.com for more
information.
About JLL
For over 200 years, JLL (NYSE: JLL), a
leading global commercial real estate and investment management
company, has helped clients buy, build, occupy, manage and invest
in a variety of commercial, industrial, hotel, residential and
retail properties. A Fortune 500® company with annual revenue
of $20.8 billion and operations in
over 80 countries around the world, our more than 108,000 employees
bring the power of a global platform combined with local expertise.
Driven by our purpose to shape the future of real estate for a
better world, we help our clients, people and communities SEE A
BRIGHTER WAYSM. JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated. For further
information, visit jll.com.
Media Contact:
IBM
Agustina Begalli
Agustina.begalli@ibm.com
JLL
Jesse Tron
Jesse.Tron@jll.com
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1
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JLL's The green tipping
point: https://www.jll.co.uk/en/trends-and-insights/research/the-green-tipping-point
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2
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Download "The ESG data
conundrum" report, IBM Institute for Business Value:
https://www.ibm.com/thought-leadership/institute-business-value/en-us/report/esg-data-conundrum
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3
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Download "Beyond
checking the box" report, IBM Institute for Business Value:
https://www.ibm.com/thought-leadership/institute-business-value/en-us/report/sustainability-business-value
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SOURCE JLL-IR