By Tom Coad, Senior Director, Industry Solutions
With sustainability now firmly embedded as a priority across the banking and finance sector, access to reliable property-level sustainability-related data is no longer a nice-to-have; it’s essential.
Whether you're responding to climate reporting requirements or making decisions around lending and investment, the need for trustworthy, accessible insights continues to grow.
Expanded coverage of energy efficiency estimates
Through ongoing enhancements and innovation as part of our Smart Data Platform initiative, we have just taken a major leap in increasing the coverage of Cotality's energy efficiency solutions by around 700,000 energy efficiency estimates for Australian houses; a significant expansion that will allow Cotality to bring deeper energy performance insights to more of the market than ever before. This uplift came as a result of improved quality and coverage of key data inputs to the RapidRate model that powers the estimates.
Why it matters
For banks and financial institutions, this means broader access to meaningful energy estimates at a time when it really matters. While basing estimates on floor area offers a starting point, energy consumption-based estimates can be used to provide a more sophisticated picture of a property’s estimated greenhouse gas emissions.
Supporting informed climate reporting
With mandatory climate-related disclosures now in effect from January 2025, this level of detail is more important than ever, supporting sustainability targets, helping to manage climate risk, and aligning with evolving regulatory expectations.
We’re helping close the data gap in climate reporting and giving our clients valuable insights to make confident, forward-looking decisions. If you’d like to learn more about how this upgrade can support your strategy, don’t hesitate to reach out.
CoreLogic Australia