News article

How Priva smart building solutions can drive your client’s ESG goals in commercial properties

ESG (Environmental Social Governance) factors now play a significant role in property valuations due to stricter regulations, changing market expectations, and the need for better risk management.
Buildings
Smart buildings
Sustainability
31 December 2024

According to the RICS Europe Leaders’ Forum, ESG has become central to long-term property value.

Priva smart building technologies offer a way to enable property owners to turn ESG compliance into an opportunity to enhance asset value, cut costs, and drive sustainability. Furthermore, our smart building technology provides the accurate data your clients need to demonstrate compliance and showcase their sustainability achievements.

How Priva’s building management technology supports your client’s ESG Goals

Upgrading existing buildings with an advanced Building Management System (BMS), such as Priva Blue ID C-line or Priva Blue ID S-line, offers immediate benefits across all three ESG pillars at a relatively low cost. These energy-efficient hardware solutions are further enhanced by our cloud-based Priva Digital Services (PDS), which provide long-term operational benefits throughout a building’s lifecycle. By utilizing data, connectivity, and advanced analytics, PDS optimizes operational efficiency, enhances occupant comfort, and minimizes environmental impact.

1. Environmental benefits: Reducing energy use and carbon emissions

Blue ID uses sophisticated control algorithms to manage heating, ventilation, air conditioning (HVAC), and lighting systems. This minimizes energy waste, and therefore carbon emissions, by ensuring systems operate only when and where needed.

Priva Blue ID’s robust design ensures long-term durability, reducing the need for frequent replacements. This longevity not only cuts costs but also supports sustainability.

PDS further optimize building operational energy use. PDS leverages Internet of Things (IoT) sensors and automated controls, to adjust heating, ventilation, air conditioning (HVAC), and lighting based on real-time occupancy and usage patterns. This is an especially useful feature given the ongoing trend for hybrid and flexible working which means use of workspace can be variable throughout the week. Furthermore, these essential building systems can be controlled remotely just as easily as when on site.

PDS also help monitor equipment conditions, enabling predictive maintenance. This means issues can be identified and resolved early, reducing the risk of costly repairs –saving resources and reducing environmental impacts.

2. Social benefits: Improving tenant comfort and wellbeing

Tenant satisfaction and wellbeing are essential components of ESG in property and are just as much an indicator of a sustainable building as more energy efficient operations.

With its intuitive interface, Priva Building Operator, a tool within PDS, simplifies building management by allowing operators to remotely control HVAC and other essential systems. This enhances indoor environments for both staff and visitors by maintaining ideal temperatures, improving air quality, and optimizing lighting, while optimizing energy use.

Priva Building Operator can be accessed from any device, including a smart phone, and offers full control over your day-to-day building operations. The solution can also be used by tenants to control their indoor climate settings, enabling people to personalize their workplace environment.

3. Governance benefits: Meeting regulations and simplifying compliance

Priva smart building technologies can monitor energy use, track progress toward ESG goals, and generate reports that demonstrate compliance with standards.

Our smart building technologies deliver clear, transparent, and real-time data to pinpoint areas for improvement and support informed decision-making. This simplifies compliance with regulations and helps prevent penalties.

For example, Priva Analytics, part of the PDS suite, allows you to generate data reports from a Priva Blue ID building management system. These reports leverage KPIs to monitor your building's energy performance and alert users to any decline in measured efficiency. Additionally, our smart building technology provides a comprehensive audit trail, detailing all actions performed by any individual at any given time.

Priva solutions: Helping your clients to future-proof their assets

The push for ESG compliance is reshaping commercial real estate. Properties that fail to meet these standards risk losing value, tenants, and revenue.

Priva solutions enable you to help clients achieve multiple ESG goals while improving operational efficiency and tenant satisfaction. By investing in smart building technology now, your clients can protect and enhance the value of their assets for years to come. 

Take a closer look at Priva Blue ID

Discover how the benefits of a Priva Blue ID building management system.

More about Blue ID >

Explore Priva Digital Services in depth

Discover the advantages of our suite of innovative digital services.

More about PDS >

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Contact

Do you have any questions about ESG compliance? Let’s start a conversation.

Bill Whittaker

Business Development Manager

Bill Whittaker