New Connection between fluX and Blue Module enhances ESG Reporting Dutch banks

On Monday, May 6th, the connection between fluX Group and Blue Module went live, allowing valuers to deliver a sustainability report, or DuPa, to the bank even more efficiently.

The team from fluX and Blue Module has worked hard on this integration in recent months and will, of course, continue to work on further process improvements. "Feedback from valuers, banks, and all other stakeholders is indispensable in this," says Jan Willem de Graaf, CTO of Blue Module.

The integration is an important step in the collaboration that fluX and Blue Module announced in early February. As of February 17, 2024, the new sustainability section has been made mandatory by Dutch banks. From that moment on, valuation reports must include Environmental Social Governance (ESG) factors when calculating market value. The development of DuPa 2.0 is a joint initiative with ABN AMRO, ING, Rabobank, and the nine largest valuation firms.

Blue Module, recognized by banks as a provider of ESG data, automatically facilitates 88 data points that enable valuers to efficiently provide the required DuPa information on energy, climate risks, and sustainability costs to banks.

For the information on sustainability costs required within DuPa 2.0, Blue Module collaborates with the French/Dutch company Oxand, which manages a database with 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.

FluX is the market leader in valuation management solutions. It creates valuation software for valuers of commercial real estate and for the valuation of operations, real estate portfolios, and agricultural and rural real estate. For financial institutions, fluX develops software for processing and assessing valuations. FluX is part of the NVM Holding.