North ESG has entered into a strategic partnership with the real estate group Newsec to help real estate players improve their ESG reporting and achieve more accurate and automated key figures. The collaboration combines Newsec's extensive real estate expertise with North ESG’s innovative platform, which streamlines data collection, allowing property owners and investors to better navigate the growing complexity of ESG requirements.

The Future of ESG Standards

As part of Newsec's overarching strategy, where ESG, digitalization, and technology play a central role, there is a strong focus on value-creating data. Steen Malmberg, Partner and Head of ESG and Proptech at Newsec Advisory, explains why this collaboration is essential for the real estate industry right now.

"We have seen how the real estate industry has been quick to adapt to stricter requirements to document energy consumption. But today, it is no longer enough to only measure consumption. To meet the future ESG standards, a much broader data set is necessary, including everything from scope 1, 2, and 3 emissions to climate risks and biodiversity. With our collaboration with North ESG, we can provide exactly the comprehensive insights that the actors need," says Steen Malmberg.

Automated Data Collection that Makes a Difference

North ESG’s platform is built on the new industry-tailored reporting framework, Real ESG, designed to cover the full spectrum of environmental, social, and business key figures. It ensures real estate players a deeper understanding and easier access to data that they can use for strategic decision-making.

"The Real ESG framework has quickly accelerated the industry's understanding of what ESG reporting truly entails. With North ESG’s technology, we automate within the framework all reporting of environmental data (E) and the business (F), as well as parts of the social (S) and governance (G) factors. This provides real estate players with a stronger foundation for both compliance and value creation," explains Steen Malmberg.

Common Goal of Future-proofing the Real Estate Sector

The collaboration with North ESG is based on a shared vision to make the real estate sector more sustainable and efficient through data-driven insights and technology. Nicolai Flodgaard, CEO at North ESG, sees great potential in the partnership.

"We are excited about the collaboration with Newsec Advisory, which has deep insights into the real estate sector. Their understanding of how ESG reporting can be integrated into daily operations is crucial to ensure that our platform creates real value for property owners and investors. We believe this collaboration will help raise the standard for ESG in the real estate sector," states Nicolai Flodgaard.

With the new partnership, Newsec Advisory and North ESG will offer a combination of consulting and technological support to both larger and smaller property clients. The goal is to alleviate the burden of ESG reporting while ensuring that property actors have access to the best tools to meet both current and future demands. The collaboration is expected to have a positive effect on both sustainability efforts and the bottom line of real estate players by helping them navigate an increasingly regulated world where accountability and transparency are key words.

Newsec's press release can be found here.