Consultant
Data Partner
Solution Provider
Global Partners
EVORA Global is Europe’s largest sustainable real estate investment services company. EVORA works with clients to improve their sustainability and reduce their climate risk. Its clients include many of the biggest names in global real estate, including Invesco Real Estate, Hines and M&G. The company provides consultancy services and has developed its own software, SIERA, which enables its clients to make investment decisions regarding climate change and sustainability. Today, EVORA’s 200-strong team provides expert insights to over 150 clients with more than $1tn of assets under management.
In 2022 they supported approximately 20% of European based GRESB submissions, and almost 10% of global submissions, covering 28% of global AUM. They consistently help clients to improve their GRESB score year-on-year and support them in achieving sector leader status.
EVORA’s expert consultants can offer end-to-end solutions, from the development of ESG strategy to rolling out energy optimisation plans at an asset level and identify improvement opportunities to improve performance and increase GRESB scores.
To complement their GRESB Global Real Estate Partnership, EVORA also became GRESB Global Partners for Infrastructure in 2020 and now supports 8% of all global GRESB Infrastructure submissions.
SIERA Software – reliable GRESB reporting
EVORA’s support services are facilitated by their market-leading software – SIERA – a practical, innovative and easy-to-use environmental management software system. SIERA is used across the real estate investment sector with data intelligence provided to more than 40 international investment management companies.
Furthermore, SIERA’s Net Zero Carbon module allows clients to effectively plot a pathway to reducing their carbon emissions and helps them to understand where best to target their net zero efforts.
In 2022 SIERA managed sustainability information from assets with a Gross Asset Value of $668.550 billion. The software functionality allows clients to report reliable data to GRESB and develop dashboards to assist in internal and external reporting to investors.
Leading sustainability solutions
With their core business areas of EVORA consultancy and SIERA software, they have quickly established themselves as the leading global provider of sustainability solutions to the real estate investment industry.
Putting “S” in the spotlight – a concept whose time has arrived
Social disruption from climate change, inequality, and public health are some of the defining issues of our times and the real estate industry plays a crucial role in addressing these challenges by harnessing strategies that protect and enhance property, people, and the planet.
We are entering a new era of ESG data. Historic market failures regarding our negative environmental and social impacts, and the resulting climate change, nature loss, and social inequality, are starting to be corrected with structural changes to the market.
Transaction Management and the Transition to ‘Net-Zero’
Ahead of COP26, due to take place in Glasgow this November, IPCC has released its most recent report on climate change. The report reaffirms it is unequivocal that human influence has warmed the atmosphere, ocean and land, and that limiting human-induced global warming requires limiting cumulative carbon emissions, and reaching at least net zero carbon.
A quiet, financial revolution is going on around us that will have far-reaching effects on the real estate industry and beyond. It is already causing large changes in investment and management methods, as well as a wholesale review of corporate philosophy and policy throughout entire organisations. When we look back, we will see that it has forced a substantial reconsideration of real estate investment valuations, modelling, and benchmarking.
