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Methodology for realising ESG performance of corporate real estate assets through digital data architectures
Corporate Real Estate Journal,
11
(4),
347-362
(2022)
Abstract
From investors, to governments, to tenants and end-users, stakeholder needs around building data are profoundly changing, putting a greater emphasis on performance on environmental, social and governance (ESG) key performance indicators (KPIs) alongside traditional financial returns. This environment necessitates building owners and property managers to look at the ESG data they have today, assess how this data will be used differently in the future, and predict what gaps may need to be filled in order to create a dynamic building data management ecosystem that is responsive to investor, manager, tenant and the wider regulatory demands of tomorrow’s commercial real estate (CRE) assets. This paper explores the importance of advanced data collection and management in accelerating the ESG performance of buildings. A solid data strategy and system modelling is the gateway to understanding, calculating and mitigating the environmental impact of buildings and creating resilience in an increasingly uncertain and volatile landscape. The paper defines the types of data required and explains how this data feeds into a modelling and simulation software. It also discusses considerations for the tools needed to make a model more representative of the property and varied future scenarios. It then illustrates these best practices using real customer examples and examining critical KPIs that many CRE managers and building owners need to track and manage today.
Keywords: ESG; asset performance; sustainability reporting; building modelling; digital twin; data simulation; climate scenario planning
The full article is available to subscribers to the journal.
Author's Biography
Kaliyur Sridharan M. Eng. P.Eng is a strategic growth leader and true subject matter expert with 35+ years’ experience in the energy management and automation industry, with focus in the utility and industrial segments. Kaliyur joined Schneider Electric, Canada in January 2018 and led the growth of EcoStruxure Grid for the energy business before being promoted to Senior Director of Growth Programs in 2019. He is responsible for the creation of new customers and markets and has a proven track record of working across global teams to drive strategic growth initiatives in Canada. Prior to joining Schneider Electric, he worked at ABB and GE and held leading roles and responsibilities. Kaliyur has broad international work experience in several continents including Europe, Asia, India and North America, and has contributed to over 35 publications and presentations at key industry events, including PLANT, Globe & Mail, IEEE & PES, APPrO, Digitalinfra, SE2020, ISME 2021, BOMEX 2021, CIGRE Canada 2021 and other major events. He is passionate about socialising messages around decarbonisation and digital and decentralised solutions. He is also a registered Professional Engineer, a certified Greenbelt and accomplished Ombudsman.
Christopher R. Maddern LEED AP, CEM, CBCP is an ESG specialist for Schneider Electric’s buildings segment, and has invested over 15 years’ experience in making the built environment a better environment. He began his career developing action plans for sustainability and energy efficiency in small and medium-sized facilities, which quickly grew into implementation of ESG-related initiatives at more complex sites and portfolios, completing over 780 ESG projects in total for commercial real estate around the globe. Chris has worked across all major CRE facility types, homing in on performance-based sustainability in places ranging from New York City to New Delhi, to Hungary, to Hobart, Australia. Since 2011, he has worked with Schneider Electric, where his efforts have aided in attainment of Energy Star Partner of the Year since 2016. He has been an Accredited Professional under the US Green Building Council’s Leadership in Energy and Environmental Design since 2007 and has also attained the designation of Certified Energy Manager, Certified Energy Auditor, and Certified Building Commissioning Professional (CBCP) under the Association of Energy Engineers. He has served on the GRESB Benchmarking Committee for North America, having also collaborated on their Technical Working Group for Data Quality.
