New tool for quantifying social sustainability launched
Fitwel has teamed up with Evora Global to offer a new tool for quantifying and validating the ‘S’ in ESG.
The healthy building certification platform has launched its Certified Metrics pilot in partnership with sustainable technology and services company Evora.
Certified Metrics will enable real estate firms to assess an entire fund or portfolio against an evidence-based standard, generate data insights about social and material risk, verify performance through a third-party review, and the compare that performance with their peers.
Fitwel said the tool “can be used across funds and portfolios with a variety of asset types, ultimately delivering data-driven insights to inform investment decisions” by connecting health outcomes with economic value.
"Given that ‘S’ metrics are still in their infancy in terms of ESG reporting, what matters most is where you stand in relation to the rest of the market," said Joanna Frank, Fitwel president & CEO. “This is the appeal of Certified Metrics – in offering a much-needed pathway for companies to maximize the value they are creating by prioritising health.”