Elevation
Customer case study
Energy & sustainability management software for real estate investment managers
< 2 weeks
Initialise all data & onboard Elevation’s ESG team
> 90%
Reduction in energy & carbon data management time
150+
Real estate investment assets
1
Central, searchable, & secure location
Project overview
Elevation is a specialist investment manager in the healthcare real estate sector with over £1.9 billion assets under management across Europe. Since 2018, Elevation has established nine investment funds, matching capital partners to healthcare investment opportunities across leases, lending, and operational joint ventures.
Acting as a specialist healthcare conduit for institutional capital into the market, Elevation invests across the continuum of care, including: senior care homes; rehabilitation clinics; and specialist care (learning disabilities and mental health).
Elevation is a reporting member of GRESB (Global Real Estate Sustainability Benchmark), a framework that assesses and benchmarks the ESG (Environmental, Social, and Governance) performance of real estate and infrastructure investments for financial markets, and is also used by Real Estate Investment Trusts (REITs) globally for sustainability reporting.
Key business priorities for Elevation include:
Responsible investing and asset management for all stakeholders during a time of significantly increased demand and constrained supply in the healthcare real estate sector.
Promoting positive social outcomes by developing and adapting fit-for-purpose healthcare accommodation with high-quality facilities, and to provide a great space for residents and staff.
Embedding ESG principles in Elevation’s investment, development, and management processes - and company culture - including work to reduce carbon emissions and improve environmental credentials.
Key sustainability initiatives implemented by Elevation to date include:
Partnering with a sustainability management software supplier to drive improvements in operational efficiency and ESG performance through optimisations in systems, processes, behaviour, and insights.
Implementation of a Net Zero Carbon strategy aligned with the Science Based Targets initiative (SBTi).
Partnering with Nature Broking to offset residual operational corporate emissions.
The challenge
To paint a more comprehensive picture of their current and future financial risks and opportunities, Elevation became a reporting member to GRESB.
Elevation faced difficulties collecting, tracking, and analysing energy and carbon data for their growing portfolio of real estate assets, and needed an automated, centralised, cloud-based solution that could streamline these processes.
To facilitate regular reporting and analysis, Elevation wanted to collaborate with tenants to make it easy and efficient for them to provide their utilities data.
The software itself is really intuitive with a simple upload process. The backend support is reactive and very helpful. Without EnergyElephant, our data would likely be stored in an Excel spreadsheet which would be clunky, cumbersome, and time-consuming to use. We are definitely saving time using the software, and delivering more analytics than we would otherwise be able to. The software has had a direct impact in improving our GRESB score year on year.
The EnergyElephant Solution
Elevation partnered with EnergyElephant to help create, store, organise, analyse, report, and act on all of their managed assets’ electricity, gas, LPG, gas oil, wood pellets, kerosene, water, and waste data.
The system was set up to automatically pull data from 100+ buildings, including bills and meter readings for over 150 of Elevation’s managed real estate assets.
The platform provides instant executive-level insights from easy-to-understand dashboards, including scientifically accurate monitoring and reporting on energy, waste, water, and GHG emissions.
Simple to use exports provide Elevation with the option to export data specifically for GRESB reporting in the formats required.
EnergyElephant provided initial virtual set-up assistance and basic training, with ongoing support where required, including recommended quarterly review calls to ensure Elevation gets the most value out of the platform.
Results
Elevation’s dedication to sustainability, supported by EnergyElephant, has resulted in significant improvements in Elevation’s energy management practices, and delivered reductions in energy usage and carbon and GHG emissions across their portfolio.
Key outcomes include:
EnergyElephant provides Elevation with a single source of truth for all their energy and carbon data, and Elevation can now monitor and report on all their energy consumption, costs, and carbon emissions in one central, searchable, and secure location
Elevation has used EnergyElephant’s Data Audit tool to show data completeness, which is an essential component for GRESB reporting
Automated processes allow Elevation to make faster, evidence-based decisions, and has helped to greatly reduce their energy and carbon data management time versus manual processes
GRESB collects, validates, scores, and independently benchmarks Elevation’s ESG data, which is all conveniently stored and shared by Elevation via the EnergyElephant platform
Elevation’s GRESB score, derived annually, can be used to enhance sustainability practices, identify areas for improvement, provide tools for stakeholder engagement, and promote transparency and accountability