Measurabl > Case Studies > Pro-invest Group Chooses Measurabl to Report Sustainability Performance

Pro-invest Group Chooses Measurabl to Report Sustainability Performance

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Company Size
1,000+
Region
  • Pacific
Country
  • Australia
Product
  • Measurabl
Tech Stack
  • GRESB Debrief
  • Automated utility collection
Implementation Scale
  • Enterprise-wide Deployment
Impact Metrics
  • Brand Awareness
  • Customer Satisfaction
  • Environmental Impact Reduction
Technology Category
  • Platform as a Service (PaaS) - Data Management Platforms
Applicable Functions
  • Facility Management
Use Cases
  • Building Energy Management
  • Energy Management System
Services
  • Data Science Services
About The Customer
Pro-invest Group is an asset manager and investment firm founded in 2010. The company specializes in private equity real estate asset management and has become one of the largest hotel investment platforms in Australasia. With assets under management close to AUD 2bn, Pro-invest operates as a locally established, integrated private equity real estate business. The company combines active asset management, development, and operational capabilities to provide its investors with above-industry risk-adjusted returns in the hospitality, development, and retail spaces. Pro-invest has more than 30 sector-specific specialists based in its Sydney office.
The Challenge
Pro-invest Group, a member of INREV and builder of Australia’s first 5-star NABERS hotel, initially lacked a dedicated ESG team. When they decided to report to GRESB for the first time, the task was handled by the Fund Manager and Group Chief Financial Officer. The process involved a detailed 90+ page survey that required an in-depth look into the ESG efforts at both the company and asset level. Despite the challenges, reporting to GRESB provided transparency that assured investors of Pro-invest’s commitment to ESG and aligned internal stakeholders with a common goal. After their second year of reporting, with dedicated sustainability resources and a full-time in-house ESG Coordinator, Pro-invest was able to more than double their score, but they knew they could do even better.
The Solution
Pro-invest Group decided to use Measurabl’s GRESB Debrief to improve their GRESB results. Measurabl reviewed Pro-invest’s survey to provide insight into strengths and opportunities for improvement. Pro-invest was able to compare their findings with the Debrief to validate and shed light on areas they could advance. As the relationship with Measurabl progressed during the Debrief, Pro-invest realized that features such as automated utility collection and alignment with other frameworks like GRI could drastically reduce the time-consuming aspects of disclosure. They signed on to become a Measurabl customer in 2018 to push for a record-breaking 2019.
Operational Impact
  • Pro-invest reached new heights by garnering the highest GRESB 2019 score for the hospitality industry in the Asia-Pacific region.
  • Pro-invest’s ESG initiatives range from building sustainable hotels from the ground up to guest engagement.
  • They have seen great success with A Greener Stay Initiative, as well as Green Engage -- a ranking system that gives guests visibility into the intensity of commitment to ESG at the hotels they book.
  • With Measurabl, the Pro-invest team is empowered to communicate their ESG initiatives in transparent and quantifiable ways.
Quantitative Benefit
  • Pro-invest was able to more than double their GRESB score in their second year of reporting.
  • Pro-invest garnered the highest GRESB 2019 score for the hospitality industry in the Asia-Pacific region.

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