Avena · Products · CSRD Disclosure

Explainable valuation,
audit-defensible.

For asset managers required to disclose residential property exposures under the EU Corporate Sustainability Reporting Directive (CSRD) and the Sustainable Finance Disclosure Regulation (SFDR). Every valuation ships with SHAP-style attribution explaining the drivers, sourced inputs, and methodology version stamp. Built to survive auditor scrutiny.

CSRD
Article 8 ready
SFDR
Article 8/9 ready
SHAP
Explainable attribution
EU
Data residency
Endpoint

Explainable valuation with attribution.

POST https://avenaterminal.com/api/v1/explainable-avm
Content-Type: application/json
Authorization: Bearer <institutional-key>

{
  "country": "ES",
  "town": "Marbella",
  "type": "Apartment",
  "built_m2": 110,
  "beds": 3,
  "beach_km": 0.4
}

→ {
  "value_eur": 487200,
  "confidence_low_eur": 458000,
  "confidence_high_eur": 516400,
  "attribution": [
    { "feature": "beach_distance", "shap_eur": +72000, "rationale": "<1km beach premium" },
    { "feature": "town_marbella", "shap_eur": +58000, "rationale": "Costa del Sol premium" },
    { "feature": "built_area",    "shap_eur": +34000, "rationale": "110m² vs 92m² comparable median" },
    ...
  ],
  "comparables": [...],
  "methodology_version": "v2026.05",
  "signature": "9c4b2f..."
}

Each attribution line is a SHAP value — the marginal contribution of that feature to the final valuation. Auditors can reproduce the calculation from the published methodology. Fund managers can defend their CSRD/SFDR disclosure with explicit, signed, replayable attribution.

Why this matters under CSRD/SFDR

Three regulatory requirements, one product.

CSRD Article 8

Real-estate investments must be disclosed with their valuation methodology, supporting evidence, and material assumptions. SHAP attribution + signed output satisfies all three.

SFDR Article 8 / 9

Funds classified Article 8 or 9 must demonstrate sustainability characteristics including geographic and asset-type concentration. Avena's cohort breakdown + cross-validation supports the disclosure narrative.

EU Taxonomy

Property exposures within the EU Green Taxonomy require documented valuation with chain-of-evidence. Methodology version stamps + HMAC signatures + DOI-anchored framework provide the chain.

For fund operations & compliance teams

Sold as an annual subscription per fund family. Includes bulk batch endpoint for periodic disclosure cycles, dedicated compliance officer onboarding, audit-trail export to PDF, and direct support during regulator inquiries.