FluX integrates with Blue Module/Oxand for ESG Annex for Dutch banks

FluX, a leader in valuation management software, is taking a significant step in the rollout of the Sustainability Paragraph 2.0 (DuPa). Starting February 15, 2024, FluX offers the ability to enter the new sustainability paragraph within its platform. To streamline this process for its affiliated valuers, a partnership has been formed with Blue Module, a provider of ESG Accounting Software. By May 1 at the latest, fluX will integrate the Blue Module software into its platform, to provide the most efficient and pleasant experience possible for the valuer.

Ruben Troostwijk, Commercial Director of FluX, says: "Through the partnership with Blue Module, our valuers can generate the ESG Annex for bank appraisals in an efficient manner. And the quality of the information delivered meets the expectations of the banks."

From February 17, 2024, the new sustainability paragraph is mandatory by Dutch banks. From that moment, Environmental Social Governance (ESG) factors must be included in the valuarion report when calculating market value. The development of DuPa 2.0 is a joint initiative with ABN AMRO, ING, Rabobank, and the nine largest appraisal offices, with FluX involved from the start to ensure smooth implementation within the appraisal software.

Blue Module, recognized by banks as a provider of ESG data, automatically facilitates 88 data points that enable appraisers to efficiently provide the requested DuPa information on energy, climate risks, and sustainability costs to banks. An analysis by FluX shows that appraisers expect to spend at least three hours on a DuPa 2.0 report, but with automation by Blue Module, this can be reduced to under an hour.

Paul Wessels, founder and CEO of Blue Module, emphasizes: "A significant advantage of our software is that it also assists appraisers in interpreting the data by comparison with leading ESG frameworks."

For the information on sustainability costs required within DuPa 2.0, Blue Module collaborates with the French/Dutch company Oxand, which manages a database of infrastructure and real estate data, including information on the aging of building components, maintenance and replacement costs, and the impact of these on lifespan and sustainability.