Why KODE Labs’ EnerG Is a Game-Changer for Real Estate Investors Eyeing Sustainability
Real estate developers and landlords have long grappled with the challenge of making their business profitable while also more sustainable. Now they may have a bit of technology on their side to help. Smart building technology provider KODE Labs is launching EnerG, an artificial intelligence-based platform that will give real estate owners and operators a simpler way to manage a vast array of data related to energy, water and sustainability, as well as everyday building operations. Many property owners and investors are trying to future proof their real estate investments.
EnerG is not a traditional dashboard platform. It is the core intelligence layer that integrates hundreds of points of utility data (energy, water, carbon, costs, etc.) into a single platform. Current best practices include the use of dozens of poorly managed spreadsheets, portals and PDFs leading to inefficient, inaccurate and misaligned budgets. This is all changed with EnerG, which applies advanced artificial intelligence to ingest, validate and present timely, actionable and audit compliant information.
Since KODE Labs has been working with some of the largest real estate companies in the world for about a year now, we had a pretty good idea of what we had to do to EnerG in order to manage the type of portfolio diversity and complexity that these organizations face. EnerG will continue to alert property owners and managers to potential problems such as unexpected billing discrepancies or energy consumption gaps long before they have a material financial impact. In addition, EnerG allows companies to correlate their sustainable goals to tangible ROI and capital improvement projects.
Why should investors care? Regulators and ESG advocates are turning the screws on companies to disclose sustainability performance in greater detail. And companies are not always prepared for that kind of scrutiny. Sloppy energy data is a hidden vulnerability. EnerG helps asset owners immediately comply with new disclosure expectations while also identifying opportunities to save energy, lower operating costs and enhance property value. All while delivering data-driven sustainable investing benefits that support better operational decisions with an immediate benefit to profitability and the long-term health of an investment portfolio.
EnerG represents a new class of future-proofed AI-enhanced automation technologies which minimize human interference, deliver rapid insights and enable business-as-usual to be 100% in sync with the companies’ overall decarbonisation goals. For buyers in the UAE – particularly those developing “smart” or “sustainable” projects – EnerG offers a unique opportunity to transform ESG from a recurring operational expense into a tangible source of ROI that not only supports ongoing sustainability efforts but also drives down long-term operating costs.
Practical Insights for Investors and Buyers:
- Buildings & Landlords who want Energy Transparency Ask for EnerG Make it part of your requirements to any properties or builders you work with if they use an #energyconsumption Platform powered by Artificial Intelligence such as EnerG.
- Factor sustainability ROI While the initial capital costs of migrating to centralized utility intelligence may be higher, factoring in the sustainability ROI can have a profound impact on the efficiency of investments.
- Get ready for more rigorous ESG monitoring Real estate owners, operators and fund managers need to be aware of the growing regulatory burdens that are set to intensify scrutiny of ESG performance in coming years. One way to mitigate the risks and at the same time, to potentially safeguard asset values and improve access to capital, is by utilising ESG compliance validation tools which are underpinned by verifiable and reliable ESG benchmarking data.
- Align investments with tech trends: Smart buildings leveraging AI data platforms will lead market appeal, especially in Dubai’s luxury and prime segments.
Sustainable portfolios are no longer a warm and fuzzy feeling – they are also a hard asset that can help protect balance sheets from increasing costs, regulatory risks and changing investor expectations. EnerG from KODE Labs will be a key component in that asset.