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
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