How To Enhance Energy Management and Sustainability With ESG
As industries become more environmentally conscious, investors and potential partners are more interested in elements beyond a company’s financial impact. They also want to know how an organization leverages a sustainable energy model to save the environment and protect their staff. In addition, they consider what measures the company plans on taking in the future. These elements are called ESG, and they can play a large role in the long-term health of an organization.
Keep reading to learn more about why ESG is important, how enterprises can use them to enhance their energy efficiency practices, and how our Connected Building Services (CBS) can help maintain a plan.
What Is the Importance of ESG Reporting?
Maintaining a healthy bottom line and growing a company continues to be the top priority for business owners. However, more employees and staff members are becoming concerned about a company’s impact on the environment. While difficult to quantify, ESG attempts to illustrate an organization’s efforts by distilling influence into three categories:
The environmental portion measures a company’s impact on the surrounding area. It encourages business owners to implement best practices that reduce greenhouse emissions, minimize their carbon footprint, and maximize energy efficiency.
The social element ensures a business isn’t involved in any human rights violations and maintains they’re following proper labor standards with their employees. Its goal is to make sure every member of a supply chain is treated well.
A proper ESG plan starts at the top of an organization. Governance verifies a business has clearly defined the rights and responsibilities of every employee. It also sets expectations for a company and ensures there is a long-term plan for improvement.
Why Is ESG Important?
Brand identity is essential for the long-term health of businesses. Implementing an ESG strategy and leveraging the data allows companies to illustrate that they care about the environment, their staff, and the people impacted by their daily operations. It also provides the following benefits for key stakeholders:
Improved Public Image
Potential employees want to work for good companies, and customers want to believe they’re purchasing from businesses that have their best interests at heart. Marketing a positive ESG allows an organization to appeal to both parties by demonstrating a commitment to making the world a better place.
Implementing energy-efficient practices reduces costs by minimizing waste and maximizing the useful life of building automation equipment. These long-term savings help companies increase profits.
A recent study found that 64% of millennials consider a company’s ESG strategy when determining if they want to work there. Implementing best practices that enhance energy efficiency allows businesses to attract and retain top talent.
Improve ESG With These Energy Efficiency Best Practices
It’s never too late to start improving your company’s ESG metrics. Here are some best practices that help improve your energy management and sustainability:
Set a Schedule for HVAC Equipment
Running HVAC equipment continuously throughout the week wastes energy, especially if rooms are occasionally unoccupied. Setting a schedule that reduces power for equipment during off-hours limits your environmental impact.
Performing regular maintenance on your equipment is essential to ensuring they operate at peak capacity. Poorly maintained systems reduce efficiency and waste energy by working harder to maintain temperatures. Leveraging electronic and/or data driven maintenance on terminal units is far superior method than ignoring the vast quantity of VAV boxes, fan coils, and WSHP and waiting for comfort complaints to go check on operations.
Invest in a Commissioning Study
Commissioning studies provide key insight into your systems’ operations and where improvement areas exist. Many issues are difficult to notice, and a commissioning study can help pinpoint minor issues before becoming major problems.
Invest in Energy Efficient Equipment
Though they feature high upfront costs, investing in energy-efficient equipment provides significant long-term savings for businesses. Installing high-efficiency water chillers, boilers and other HVAC equipment enhances ESG scores by reducing energy waste.
Want To See How CBS Helps Businesses Enhance Their Energy Efficiency?
Visit our case studies page to see real-life examples of our solutions in action.
How BuildingLogiX Helps Enhance Energy Management and Sustainability for Companies
Developing and implementing an ESG strategy is challenging for many business owners. Many lack an understanding of how their building automation systems operate, and companies often have equipment purchased from multiple vendors, making energy management and sustainability more complicated.
BuildingLogiX understands these issues and takes pride in working with companies to enhance their energy efficiency by leveraging CBS. We combine building analytic software and our team’s expertise to collect and analyze operational data for companies across various industries, including:
- K-12 schools
Our experts enhance your knowledge of how your systems operate by utilizing the following features:
Fault Detection and Diagnostics
Many companies have an understaffed maintenance team that makes maintianing all equipment challenging. Our fault detection and diagnostics software provides essential information about the location of developing problems. By detecting, isolating, identifying, and evaluating issues, your facilities team can react quickly to developing concerns and prevent major breakdowns.
Collecting data is an important element of CBS, but having the tools to interpret the information and create an actionable plan from it is where the true value lies. Our data visualization platform translates the statistics generated by your energy systems and creates graphics and charts to illustrate efficiency. We can provide custom views for specific users or groups, enabling them to focus on what’s important to their roles and responsibilities.
Chiller plants are one of the largest energy consumers for a building. BuildingLogiX leverages CBS to monitor the operational efficiency of your chillers, allowing you to easily pinpoint and repair minor problems. This reduces waste and allows you to maximize the useful life of your equipment.
Commercial Indoor Air Quality
Is the air in your building healthy? CBS improves commercial indoor air quality by ensuring air purifiers and filters are working properly. Partnering with us allows you to enhance ESG by creating a healthy environment for your employees.