Measurabl > Case Studies > RXR Realty: Making sustainability part of the fabric of every business decision

RXR Realty: Making sustainability part of the fabric of every business decision

Customer Company Size

Large Corporate

Region

America

Country

United States

Product

Measurabl

Tech Stack

Data Management
ESG Reporting

Implementation Scale

Enterprise-wide Deployment

Impact Metrics

Environmental Impact Reduction
Brand Awareness

Technology Category

Platform as a Service (PaaS) - Data Management Platforms

Applicable Functions

Business Operation

Use Cases

Energy Management System
Regulatory Compliance Monitoring

Services

Data Science Services

About The Customer

RXR Realty is a leading real estate owner, investor, operator, and developer committed to building socially, economically, and environmentally responsible communities. With an aggregate gross asset value of approximately $20.5 billion, comprising approximately 25.5 million square feet of commercial properties and a multi-family portfolio of approximately 6,000 units, RXR seeks to build and create stronger communities within its buildings and within the areas in which it operates. As one of the largest owners and developers of real estate in the New York City area, RXR continues to fortify its best practices through diligent review of operations, routinely identifying areas of improvement and greater efficiency.

The Challenge

RXR Realty, a leading real estate owner, investor, operator, and developer, sought to make sustainability a core part of every business decision. However, their previous ESG (environmental, social, governance) solution was insufficient to keep internal and external stakeholders informed of its portfolio’s ESG performance or track progress toward any of its sustainability goals. The legacy process involved a consultant collecting data annually, with no involvement for the rest of the year. RXR needed a purpose-built ESG portal that could continuously collect and track environmental data, ensure the information was complete and accurate, and provide a comprehensive view of its buildings’ ESG performance as well as highlight areas of improvement.

The Solution

RXR Realty adopted Measurabl, a digital tool to capture and report its ESG performance data. The platform provides a comprehensive view of RXR's overall performance, highlights gaps in data coverage, and keeps sustainability top of mind for employees, executives, and investors. RXR uses Measurabl's GRESB reporting tool to collect material information across the portfolio, provide sample answers, and help the company better understand areas for improvement. The goal is to have employees engage with Measurabl’s central ESG hub as frequently as they use RXR’s business management and payroll systems.

Operational Impact

On-demand access to data has helped RXR spark more internal conversations around sustainability with its employees and form a better relationship with its investors.
RXR is encouraging property managers to use Measurabl as a way to get more involved in sustainability efforts and take control of their buildings’ ESG performance.
The environmental data captured by Measurabl will help RXR optimize its energy efficiency so it can continue to operate sustainably while protecting its tenants’ health and wellness.

Quantitative Benefit