Measurabl and Voya Investment Management Collaborate

Measurabl, the leading ESG (environmental, social, governance) platform for real estate globally, has announced a significant partnership to conduct sustainability due diligence (DD) on all commercial real estate (CRE) loans issued by Voya Investment Management (Voya IM). This partnership marks a crucial achievement for Measurabl's newly introduced due diligence offering, showcasing its capability to support both debt issuers and equity investors. Measurabl's innovative data product line provides organizations with crucial information, including energy use intensity, carbon estimates, green building certification lookups, and regulatory ordinances for buildings worldwide. These features empower Voya IM to gain a deeper understanding of the ESG implications associated with its current, past, and future lending activities.

By leveraging Measurabl's cutting-edge technology, Voya not only enhances its competitive edge in loan terms but also streamlines the development process for its clients, eliminating delays in the underwriting process. Measurabl's software generates sustainability due diligence reports rapidly and seamlessly, revolutionizing the traditional timeline of up to two weeks per property for obtaining energy and emissions data in DD assessments.

"We are excited to announce such a significant win for Measurabl, marking another milestone in an extremely promising year for sustainability-focused businesses," says Matt Ellis, Measurabl Co-Founder and CEO. "Our partnership with Voya Investment Management signifies the start of a new era of sustainability reporting and the founding of a new market. As regulations tighten across the board, organizations are under pressure to disclose the ESG implications of their lending activities. Measurabl is the only software company in the world that offers asset level insights, meaning we have the capabilities to provide accurate sustainability data on current, previous, and future investments."

"We look forward to working with Measurabl and incorporating their advanced sustainability due diligence into our operations to the benefit of our clients," says Gregory Michaud, Head of Real Estate Finance at Voya Investment Management. "Their platform will enhance our underwriting process and bolster our impact investing initiatives"

Voya IM can now obtain DD reports almost instantly through collaboration with Measurabl, incorporating ESG metrics effortlessly into its underwriting activities using Climate Due Diligence Scans (CDDS). This collaboration positions Voya as an environmentally conscious financial player, allowing it to measure property emissions and solidify its reputation as a leader in sustainable finance. The forward-thinking approach of Measurabl and Voya extends beyond current lending activities. By retroactively assessing all loans issued in the previous decade, Voya gains valuable insights into the sustainability performance of past investments. This retrospective analysis lays the foundation for improved decision-making in future investments. Measurabl, widely adopted for measuring, managing, and reporting on over 17 billion square feet of commercial, residential, and corporate real estate, continues to redefine industry standards with its innovative solutions. The collaboration between Measurabl and Voya IM not only exemplifies the commitment to sustainable finance but also sets a precedent for efficient and comprehensive due diligence processes in the real estate sector.