- First-of-its-kind index will validate sustainability data for flexible workspace providers?
LONDON, Sept. 26, 2023 /PRNewswire/ -- The Instant Group, the largest global marketplace for flexible workspace, has launched the Sustainability Index, a unique platform that ensures quality data on building performance, helping operators and occupiers track and report on their sustainability initiatives, in a first for the sector.
Sustainability is high on the real estate agenda and reporting is becoming mandatory. There is a need for transparent and proactive data sharing around flexible workspace to advance the reduction of carbon emissions. Research conducted by Incendium Consulting, part of The Instant Group, has found that traditional leased office space creates 158% more emissions per occupier than flex space.
Occupiers are increasingly prioritising net zero initiatives, with the number of companies setting net zero goals doubling between 2021 and 2023 globally according to the Net Zero tracker database.
Sam Pickering, Head of Sustainability at The Instant Group, said: "Sustainability has unquestionably become a business imperative. With companies working more flexibly and real estate accounting for between 28% and 40% of carbon emissions globally, we believe that flex space forms a significant part of the net-zero strategy for the built environment."
Landmark, a UK-based flexible workspace operator with over 20 sites, has adopted the Sustainability Index as a founding partner.
Ed Cowell, CEO, Landmark said: "The Sustainability Index is a fantastic initiative which is leading the charge on providing transparency around sustainability data in the flex sector. We're pleased to have signed up at launch and look forward to seeing further adoption across the industry in the collaborative push towards net zero."
Instant has over 3,000 workspaces globally on its Sustainability Index. They enable over 250,000 organisations around the world to work smarter, offering expert consulting services on portfolio strategy, procurement, sustainability, and delivering the latest data and insights on the flex market. Over 20,000 landlords, flex operators and investors use Instant's global digital marketplace.
About The Instant Group
The Instant Group has been rethinking workspace since 1999 with over 500 experts working globally across more than 175 countries. Instant's digital platforms constitute the world's largest digital marketplace for flexible workspace listing meeting rooms, virtual offices, flexible office space and coworking memberships. Its global team advises on commercial real estate solutions from serviced offices to fully customized managed offices, and consulting services for portfolio and net zero strategies. Instant's approach enables agility, hybrid working solutions and improved operational resilience for more than 250,000 businesses every year. Clients include Prudential, Booking.com, Shell, Jaguar Land Rover and GSK. Instant has global offices including London, Paris, New York, Hong Kong, Singapore and Sydney. Across the Americas, Instant coverage includes Atlanta; Buenos Aires; Charlotte; Chicago; Dallas; Durham, NC; Jacksonville; Kansas City, MO; Los Angeles; Miami; Philadelphia; Salt Lake City; San Francisco; Santiago; and Quito.
SOURCE The Instant Group
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