ImpactAlpha, September 15 — Global real estate investors are increasingly looking to implement environmental, social and governance initiatives in their investments and portfolios. One of the reasons: to attract large institutional investors allocating capital through an ESG lens to help decarbonize the asset class.
San Diego-based Measurabl’s platform helps real estate firms manage their ESG performance and helps investors assess physical climate risks and identify decarbonization opportunities.
BlackRock uses Measurabl’s ESG technology and data platform to measure the efficiency and sustainability of its real estate investments, according to BlackRock’s Katherine Sherwin
The Series C financing will help the San Diego-based company expand the platform to new global markets and launch new sustainability and decarbonization tools and services for its clients.
Energy Impact Partners led the round, with participation from both new and returning investors.
New backers include Starwood Capital Group, Colliers International, Cushman & Wakefield, Lincoln Property Company and individual investors from Stone Point Capital. Returning inventors are S&P Global, Salesforce Ventures, Sway Ventures, Constellation Technology Ventures and Building Ventures.
Buildings across the world contribute to nearly half of global carbon emissions. Decarbonizing the commercial real estate industry will be key to reach net-zero and cool down the planet.
Fifth Wall is raising a $500 million fund to invest in climate tech ventures focused on the real estate sector.