Fitwel, a wellness certification that was originally developed by the US Center for Disease Control and Prevention, just announced a new data insights tool on their platform. The tool, which the company dubs the “Relational Data tool,” allows building owners to compare the health of their building to the health of their peers’ properties. The company claims that while similar ranking systems that assess green metrics exist, Fitwel’s relational data is the “first of its kind” that takes social responsibility into account.
The relational data will clearly differentiate individual properties and portfolios in the market as building occupants and investors alike increase demand for quality in the industry. The side-by-side ranking gives businesses the knowledge they need to inform stakeholders, such as renters and investors, about their relative performance, enabling differentiation from competitors and precise annual reporting metrics.
We’ve written in the past that the “S” in ESG hasn’t garnered as much attention as the other two letters (Environmental and Governance) when it comes to a company’s sustainability initiatives. Fitwel’s Relational Data tool may be able to assist real estate companies in improving their dialogue with important stakeholders, making more informed business decisions in regards to implementing healthy buildings, and identifying areas for development for health-centered “S” initiatives.