Cherre announced that it will join the environmental data collaboration led by OSCRE International, a real estate industry non-profit that focuses on real estate data standards and governance.
OSCRE announced the collaboration in September 2022. It has already been working with such companies as Blackstone, BentallGreenOak, Brookfield, CBRE, ConnexFM, CoreNet Global, CW, EY, IFMA, JLL, Hines, Lionpoint, MRI, and Yardi.
ESG tracking, with an emphasis on the environmental aspect, has become increasingly important for commercial real estate, both for regulatory compliance and investor concern. However, given the importance of data for management and reporting, the lack of consistent industry standards, like data definitions and methods for compiling information, has made the work much harder.
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