To achieve good corporate governance, you need good data whether you are looking to optimise building use, promote occupant wellbeing or boost building operational efficiency. Smart building technology provides the high-quality data you need to better manage your ESG journey, and, crucially to prove you are measuring, and progressing your ESG goals.
What is ESG reporting?
ESG reporting is the process by which companies disclose their Environmental, Social, and Governance (ESG) practices to demonstrate their commitment to sustainability and responsible business practices. It provides transparency into a company's environmental impact, social responsibility initiatives, and governance structures, helping investors, stakeholders, and the public assess non-financial risks and opportunities. With growing demand for corporate accountability, ESG reporting is essential for aligning business strategies with ethical and sustainable values, attracting responsible investors, and meeting regulatory requirements.
Why is ESG reporting important?
Your stakeholders, including shareholders, investors, employees, customers and prospects, are all increasingly demanding this quantified information, while for some companies a transparent ESG report is fast becoming a legal requirement.
1. Enhances transparency
Provides clear insights into a company's environmental, social, and governance practices.
2. Attracts investors
Helps investors assess non-financial risks and opportunities, aligning with long-term financial performance.
3. Boosts reputation
Builds trust with stakeholders by showcasing commitment to sustainability and ethical practices.
4. Meets regulatory demands
Ensures compliance with increasing ESG reporting regulations and standards.
5. Drives sustainability
Encourages responsible business practices and contributes to a more sustainable and socially responsible future.
The right technology can also help to break down data silos, bringing data from different systems into one place and creating more streamlined and collaborative processes.
ESG reporting requirements for buildings
An increasing number of countries have minimum energy standards and regulations that buildings must comply with. Investors, building owners, developers and occupiers are increasingly looking for properties that offer lower costs, sustainability and improved occupier experience, while also complying with existing regulations. The high-quality data produced by building technology demonstrates regulatory compliance, as well as being a tool to help fulfill those regulations.
