Closing up for Christmas? Merry energy saving!

Christmas is just around the corner and hopefully none of us will be spending it in the office, especially given it’s on a Saturday this year!

So once the festive greetings are exchanged and the last ‘out of office’ has gone on we’ve got some hints and tips to save energy in your buildings over the holidays.

  • Reset controls – Who knows what temperature wars have gone on with the cold coming in and people being off at different times, use the holiday season as an opportunity to review tenant control panels with minimum disruption. Think of it as new year, new you, new set points.
  • Switch off the lights – Yes, including the Christmas ones. The streets are lit up all nice and shiny, your office doesn’t need to be.
  • Reduce fresh air delivery – Unless you have demand-driven systems chances are that you’ll be bringing in as much fresh air as possible into the building because of COVID-19. We’re not suggesting you take any risks in that regard (nobody wants the virus as a Christmas present) but if occupancy is very low try reducing the fresh air delivery rate or the run hours if the building is going to be unoccupied for long periods.
  • Shut down central plant – As a minimum central plant need not run on the national holidays and your buildings may be shut for even longer periods so get plant switched off. The majority of BMS front-end systems will allow you to set exceptions for specific days so that everything returns to the normal setup after all the festivities are over.
  • Turn off / turn down radiators – The weather outside may be frightful but that doesn’t mean you need the radiators on in an empty building. Any manually-controlled radiators around the building will continue to heat unless you turn down the thermostats or switch off the LTHW system centrally.
  • Check frost protection settings – Who knows, we may get a white Christmas still, so make sure frost protection settings are adequate. EVORA recommends these be set to 10°C.

Merry Christmas from all of us at EVORA!

Generalist Advisory Vs Sector Specialism

The commercial real asset market is evolving rapidly, and it’s no secret ESG is driving this evolution as the world transitions to a net zero economy. As a result, staying on top of ESG issues and applying them effectively to real asset investment and management is critical to keep up with the pace.

The role consultancies play is becoming increasingly important as firms are relying on ESG advisory services more than ever. Yet, despite the significance of the real asset sector, real asset ESG is still a niche area in the sustainability landscape. This begs the question, how can consultancies provide adequate ESG solutions for the real asset industry?

EVORA believes generalist ESG services for example, from a multidisciplinary professional service provider, often do not go far enough in providing the industry with the sector specific solutions it demands. Net zero carbon, TCFD and SFDR are vastly different in their application to real estate vs other asset classes. As such, expert sustainability knowledge in this field is vital.

EVORA is one of the only sustainability consultancy and software providers solely focused on the real asset industry, and with close to 100 ESG professionals is also one of the largest, and growing. Offering end-to-end ESG solutions, we believe our depth and breadth of knowledge in the industry is unrivalled. What sets EVORA apart? Our ability to break down complex issues, such as regulation and climate risk into simple, practical outcomes specifically for real asset professionals. If you’re feeling overwhelmed with navigating the ever-changing landscape, a great place to start is our ESG Training Academy, EVOLVE, designed to translate the vocabulary of ESG into everyday language.

Whatever issues investment and asset managers are faced with, one topic inevitably crops up: data. Data is one of the primary causes of confusion and complexity in the industry and, as such, poses a significant risk when making ESG-informed investment decisions. This fundamental component is one that EVORA has built its foundation on over the last 10 years through our proprietary ESG data management platform for real asset professionals, SIERA. SIERA, which spans 26 countries, is built around the principles of investment grade data and simplifies vast, fragmented data sets into accurate, consolidated ESG indicators to inform decisions at the asset, product and corporate level.

Although our consultancy and software services can be delivered independently, our clients recognise the benefits of combining the two. Interpreting ESG data and being able to answer the often asked “so what?” question requires a deep understanding of not just ESG, but the relation it has to the real asset industry. We firmly believe our ability to join the dots for our clients is where we add the most value. Our outcome and action-focused approach ultimately leads to positive change, helping to deliver on our vision: To accelerate the evolution and adoption of real asset sustainability to enhance the well-being of the planet and its people.

If you want to futureproof your business, choosing a dedicated real asset consultancy and software, we believe, is by far the safest bet.