New York – Fitwel recently announced a data insights tool that allows real estate companies to rank their properties’ and entities’ healthy building performance against their peers. A first for the industry, the Relational Data tool adds value to Fitwel certification by providing users entity-level ranking against like-companies.
In addition to measuring performance amongst all certified projects on Fitwel, the new tool also measures performance of Walkability & Transportation and Environmental Quality – two of the top five “S” metrics most tracked by investors, as found in the New Investor Consensus: The Rising Demand for Healthy Buildings (March 2021). The Relational Data dashboard visualizes key data insights, designed to make it easy for a company to digest where and how to improve its healthy building performance and communicate achievements to stakeholders.
“The industry has long been asking for ranking data to understand good, better, and best,” said Joanna Frank, CEO of Fitwel. “Not only will you be able to understand where you sit in relation to your peers, but it supports continuous improvement of assets with regard to social impact by providing a quantifiable roadmap.”
The side-by-side ranking provides companies with the insight needed to communicate with stakeholders – tenants and investors – on their relative performance, allowing for differentiation against peers and accurate annual reporting metrics. Ultimately, the Relational Data tool will help real estate companies measure the effectiveness of Fitwel implementation and better inform dialogue with key stakeholders, make more informed business decisions in implementing healthy buildings, and find areas of improvement for health-centered ‘S’ initiatives.
Joanna Frank first revealed the tool live on stage during a keynote speech at the PERE Asia Summit in Singapore on Feb. 21.