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Tuesday, 19 September, 2023

Eucon presents digital ESG reporting tools at Expo Real

Eucon, the digital pioneer for data-driven decision making for the real estate industry, will be presenting its solutions for invoice management and ESG reporting at this year’s Expo Real. In face-to-face conversations with industry players, Eucon experts will outline how digital tools can be used to address the pressing challenges of ESG taxonomy.

Without data – and the ability to merge this data in a structured way – EU requirements cannot be met. That’s why it is crucial for real estate companies to set up standardized data frameworks and to develop an information system to go with them. At the booth of the Münster Business Development Office (B2.242.), visitors get the chance to learn from Eucon experts how to upgrade digitally and use tools in a targeted approach to successfully tackle the challenges ahead.

“More and more real estate companies are becoming interested in digital solutions that help them consistently address ESG issues and streamline processes, along with other benefits,” says Philipp Schäfer, Managing Director Real Estate. The pressure resulting from the impending EU reporting obligation is accelerating this transformation process. After all, the first companies will have to start recording ESG data in a structured way as early as 2024 once they become subject to reporting requirements as of 2025.

Companies that are already pushing ahead with digital transformation now are thus gaining a decisive competitive edge. Using modular solutions can help to rapidly digitalize sub-processes with the highest priority for the company in question. In the follow-up, more compatible modules can be added as required. This makes it easier to get started with digital data management in the first place, while avoiding the creation of unnecessary silos.

In the long term, Eucon aims to map buildings as a digital cost twin and thereby obtain data in real time – including all consumptions, emissions, and invoices. With this data, companies can gain specific insights into their portfolio, enabling them to make intelligent decisions and set clear ESG targets. “We are in the process of gradually realizing our vision of a digital twin. To this end, two new products are already in the wings, which we will soon be able to report on,” says Philipp Schäfer. Step by step, Eucon is thus paving the way for data-based real estate management.