Issue link: https://resources.tangoanalytics.com/i/1508313
The companies that have had the most success in delivering financial returns while implementing effective environmental and climate stewardship have embedded goals of decarbonization and net zero into their organizational structure, governance, and overall purpose. Forward-looking firms will keep in mind that building ESG criteria into operational strategies and reporting are fast becoming a prerequisite for catching the eye of many long-term investors and asset managers. A few steps for sustainability operationalization include: 05 — Implementation & Operationalization : Assessing current portfolio performance: This assessment outlines current energy efficiency and carbon emissions of buildings, can help to identify areas for improvement and can provide a baseline against which to measure the success of sustainability initiatives. Take stock of building codes and local regulations (building performance standards) Develop a sustainability strategy: outlines the firm's sustainability goals and targets, as well as the specific actions and initiatives that are most material to your business and stakeholders Implementation: Facilitate collaboration across business units and functions, and engage with tenants, supply chain vendors, and external partners. Consider adding sustainability roles at the board level and upskilling employees on sustainability information. Regular Monitoring, Evaluations, and Reporting: ensure that the firm is on track to meet its sustainability goals and targets on a monthly or annual basis. This may involve tracking key performance indicators, such as energy consumption or carbon emissions, and comparing these metrics to the baseline established at the start of the sustainability initiative. Utilize corporate sustainability reporting, and reporting to various ESG standards and frameworks (the GHG protocol and SBTi (science-based targets initiative are important standards for carbon emission reduction targets specifically) Sustainability & Energy Management Simplified