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Will tech-enabled ESG be a global benchmark?

960 640 Stuart O'Brien

In the sphere of corporate responsibility, technology becomes the global benchmark for addressing environmental, social, and governance (ESG) challenges. Leading tech companies, responsible for 2-3% of global emissions, are actively addressing climate concerns. Through innovative solutions and heightened efficiency, they not only reduce their environmental impact but also empower customers, emphasising the pivotal role of tech-enabled ESG initiatives in shaping a sustainable future.

That’s according to GlobalData, with Robert Pritchard, Principal Analyst, Enterprise Technology and Services, stating: “Technology is at the heart of business and consumer life. The more tech companies improve their ESG performance, the better for their customers, the environment, and society as a whole.”

With energy costs having risen so much due to factors such as wars and increasing global logistical challenges, the drive for efficiency is driven by economic as well as environmental factors.

Pritchard added: “Tech companies continue to develop solutions to enable their customers to reduce their own emissions. For example, they can route their network traffic to reduce climate impact, or can recycle, reuse, and repurpose last-generation equipment and devices. This reduces strains on scarce resources, and can empower countries and individuals with technology that they otherwise could not access.”

“As we progress into 2024, further ESG challenges will be taken on. Artificial intelligence (AI) requires even more energy to power evolving applications, but at the same time is already being used to optimize electricity use in the latest generations of networks, thus offering net benefits.”

He concluded: “2024 will also see greater concentration on Scope 3 emissions (over which users/customers have no direct control) as they account for 60% to 90% of the total. Leading tech companies are building emissions reporting into their contracts with suppliers, meaning that reducing greenhouse gases will move from being a ‘nice to have’ to an essential requirement of doing business. This will also help to continue to converge ESG reporting with financial reporting, whilst integrating with leading business management software platforms.

“The climate crisis may have lost space in the headlines, but it remains the single most important long-term global challenge. Tech-enabled ESG solutions are making a substantial contribution to tackling that challenge.”

Photo by Copernico on Unsplash

Integrating Smart Building Technology

960 640 Guest Post

Buyer beware – the marketplace for building automation, smart building, and building technology is evolving quickly and is full of new technologies, complicated integration and snazzy buzzwords.

It is so important to understand the benefits to be achieved from making a building ‘smart’, and to define what this actually means to you, the building occupier, the property manager and maintenance team? 

In short, data acquisition is a useless exercise unless you know how to read, manipulate and formulate efficiency or improvement actions from the data presented; whilst also understanding the key benefits of smart building upgrades that you’re trying to harness.

When optimally deployed, smart buildings technologies have the potential to deliver productivity and wellbeing improvements at the lowest cost and with the lowest possible environmental impact over the building lifecycle. This requires adding intelligence through a building’s useful life. There are potentially numerous systems and subsystems which can be integrated, and these have typically operated independently in the past, so in a smart environment these systems can share information to optimise total building performance. 

However, this must also be backed up by human intelligence to really understand the interactions and available opportunities for efficiency.  

Collaboration with building occupants, control specialists, building M&E maintainers combined with an understanding of human behavioural operation patterns, is paramount and all parties should be clear of their obligation to maintain or improve operational standards.

This is the psychology that we at ETS are applying with forward thinking national and international brands to install hardware and software that satisfy the clients need for visibility, control and reporting of a building and wider portfolio’s operation. 

We are employing an empowering approach to building technology which enables individual building systems to be connected and integrated. Most buildings already have some level of intelligence built in, whether HVAC, lighting, or fire safety. We are technology agnostic, and work with various manufacturers’ equipment dependent upon the client’s requirements, budget and what they want to achieve from the data outputs. Consequently, at ETS we are pushing to achieve more from building data and ultimately make better decisions.

A well-designed smart solution at any stage of a building’s life can make a property more attractive to buyers, a better letting option for tenants and occupiers, through greatly reduced cost and carbon emission, being more efficient to operate and maintain, and alignment with broader CSR agendas.

How can ETS help?

With a dedicated Smart Buildings and Automation team, ETS have the depth of knowledge and expertise to design, specify and integrate new Smart Buildings technologies into your properties, whilst also ensuring that you are getting the very best from the systems you already have in place. 

For more information please see https://energy-ts.com/technology/

To discuss your requirements, get in touch. You can contact us by calling 0117 205 0542 or drop us an email at enquiries@energy-ts.com.