110 Seconds To Understand How SIERA Sustainability Software Can Help You

Watch Our New Video Now!

Watch our new animated explainer video for SIERA, which gives you a high-level overview of everything our innovative sustainability software solution can do for you.

Depending on where you are and how convenient it is to watch a video, you can:

1.     Watch the video with the sound on – recommended

2.     Watch the video with the sound off – the captions will allow you to follow along

3.     Read the video script, which is pasted below for your convenience

We hope you enjoy the video and that you will want to learn more by attending one of our webinar demonstrations or getting in touch to book a one-to-one demo.

Thanks for watching!


SIERA Sustainability Software – the right choice for your business


Video Script

Every year, environmental management becomes more complex and reporting requirements become more stringent.

Which is why the sustainability experts at EVORA came up with SIERA – a unique and innovative software solution.

Not only does SIERA make all your sustainability reporting easy – it also enables you to quickly identify energy savings in your buildings.

[clickToTweet tweet=”SIERA makes sustainability reporting easy and enables you to identify energy savings in buildings” quote=”Not only does SIERA make all your sustainability reporting easy – it also enables you to quickly identify energy savings in your buildings”]

Never before has collecting and validating your environmental data been so easy. Whether it’s automating data collection, or dragging and dropping your data from Excel files, SIERA makes a complex process simple.

The intelligent modelling capability covers a range of regulatory and voluntary reporting requirements, quickly and intuitively.

In fact, SIERA saves our clients up to 70% of their time spent on GRESB reporting.

SIERA also gives you an overview of your property and portfolio performance, helping you mitigate regulatory risk and prioritise improvement opportunities.

SIERA’s ground-breaking Energy Monitoring and Targeting module automatically alerts you to energy efficiency opportunities.

Savings are easy to identify and can be achieved without any capital expenditure.

[clickToTweet tweet=”SIERA gives an overview of property/portfolio performance, helping mitigate regulatory risk” quote=”SIERA gives you an overview of property and portfolio performance, helping you mitigate regulatory risk and prioritise improvement opportunities”]

Whether you’re seeking a hands-on solution, or a fully managed service with EVORA’s expert consultants – SIERA is the right choice for your business.

SIERA is already managing over 4,000 properties and is being rapidly adopted by large organisations across the globe.

Isn’t it time you used SIERA too?


 To learn more about SIERA and discover how it can save you time, stress, and money, please get in touch today to arrange a demonstration.

 


GRESB Premier PartnerAs a GRESB Real Estate Premier Partner, we are perfectly positioned to provide GRESB support. View our official Premier Partner profile.

We can work with you to complete the submission and understand your scoring, as well as develop a sustainability plan that will improve your future GRESB performance and align with your organisation’s key environmental objectives.

How to host an effective energy management strategy workshop

Get stuck into the discussion

“The projector doesn’t work!!!”  My colleague Paul Sutcliffe and I had just arrived at Liverpool ONE to deliver an energy management strategy workshop and we were setting up.  Concern, led to frustration – mostly on my part (I had spent a significant amount of time working on the materials).  Then attendees started arriving.

Our brief for the day was to hold an energy workshop with staff at Liverpool ONE – each attendee represented different departments. This was to act as a starting point for roll out of an energy strategy.

We had to make a call.  Delay things whilst we sorted technology out or get stuck into discussions around an interesting subject with a group of truly engaged people.  We chose the latter –  and what a choice!

Slides were put up on laptop screens, as background information, and attendees would periodically refer to slide packs for information throughout the sessions (so my preparation time was not wasted).

One of the first questions posed to the workshop attendees was a simple “Why Bother?”. A challenging and somewhat risky ice breaker, but responses flowed with many reasons suggested – It was apparent, from the start, that this was a topic close to team member’s hearts!


Identify barriers and opportunities

The lack of a formal presentation at the front of the room acted to open up the workshop.  We ran a series of facilitated discussions that picked through issues and opportunities, strengths and weaknesses.  This led to some great results. As a group we:

  • Identified and documented real opportunities to improve energy management across the whole leisure and retail estate (including technological, operational and behavioural aspects) – issues that will now be progressed
  • Agreed on the need for granular level energy data across the estate
  • Highlighted the barriers faced which need to be overcome in order to succeed
  • Agreed that a structured management system approach was necessary

Liverpool ONE has already made significant progress when it comes to environmental and energy management (the centre is ISO 14001 certified and has already installed a large solar photo voltaic array). However, commitment and engagement to take energy management forward was clear.


Know your subject and prepare well!

The workshop was enjoyable, engaging, successful and benefitted everyone – the attendees and consultants.  The information collected will be used to formulate and further develop Liverpool ONE’s energy strategy.

However, we must always keep learning as consultants.  At EVORA we have been working on our presentations for a long time now always work to avoid ‘death by PowerPoint’ but the Liverpool ONE session really brought this home.  Some take-aways from me as a consultant:

  • Know your subject
  • Prepare well
  • Use slides to augment discussion – ask yourself ‘do they add value?’

And, don’t trust technology!


To speak to one of the team about supporting your energy management strategy, contact us.

Six weeks in the life of an EVORA Data Analyst

The EVORA team has grown by 108% since May last year. Jenny, our new EVORA Data Analyst tells us what the first six weeks of EVORA life have been like.


Straight into GRESB deadline season

I joined as an EVORA Data Analyst at an extremely busy time of the year, it was the business end of the GRESB window, which resulted in me being plunged into the deep end from my first day. After my initial induction where I learnt more about EVORAs recent expansion I began on my first (of many!) GRESB tasks. GRESB was a completely new concept to me, and the amount of data which needed to be collected and analysed was mind-boggling, but thankfully we had SIERA to take a lot of the pain away. Whilst being given responsibility on the first day can be a little bit daunting it was great for me as the usual first day nerves didn’t have time to take hold. The main problem was the fact that it was the hottest day of the year and everyone in the office was melting!


CRC – allowances, annual reports and data audits

With GRESB behind us just a couple of weeks after joining, the CRC deadline was then looming. At University, I had briefly studied the CRC so I knew the basic principles and the intention of the legislation. However, I wasn’t aware of the amount of data which needed to be collated and the amount of money our clients pay for allowances in order to ensure compliance. Calculating the allowances, compiling annual reports and completing data audits resulted in me taking a lot on board in a short space of time – which was a steep learning curve. I was shocked to discover that following the 2018-19 reporting year the government are scrapping the CRC. Whilst it may be considered overly burdensome with regards to the time taken to collate the data and general administration – it at least keeps energy on the business agenda. Whilst adding extra monies onto electricity and gas bills (after 2019) is going to result in a similar amount of monies going into the government purses it doesn’t exactly have the same impact on business as ordering £200,000 worth of carbon allowances!

I was shocked to discover that following the 2018-19 reporting year the government are scrapping the CRC. Whilst it may be considered overly burdensome with regards to the time taken to collate the data and general administration – it at least keeps energy on the business agenda


SIERA – collate and analyse vast data sets quickly and easily

In addition to the GRESB and CRC deadlines, quarterly performance reporting has become a huge part of my daily life at EVORA. With the assistance of SIERA I collate and analyse vast data sets of electricity, gas and water consumption across various assets for multiple clients. The most rewarding part is when the performance reports we produce directly help to focus the facilities and building managers on the areas which matter. For example, we recently issued a quarterly performance report to a building manager which highlighted poor gas performance. Within an hour, emails had been sent to tenants asking about their heating requirements and the M&E engineer was investigating potential issues with the boilers. Without our reports – none of that would have happened, they might have just noticed that their bill was a bit higher for the quarter. I find this part of my job extremely fulfilling as these reports directly help our clients to discover their inefficiencies, improve the performance of their assets and ultimately save money.

[clickToTweet tweet=”It’s rewarding when performance reports directly help facilities/building managers on areas which matter” quote=”The most rewarding part of this is when the performance reports we produce directly helps to focus the facilities and building managers on the areas which matter.”]

When I mentioned at the start of this blog that I joined EVORA at a particularly busy time of the year I was wrong. I don’t think there ever is a quiet time of the year at EVORA! I have joined EVORA at an exciting time; the recent rapid expansion of the company demonstrates just how in demand our services are. I can’t wait to get stuck into the next task sent my way (potentially Environmental Management System work or shadowing an energy audit). Here’s to the next six weeks!


You can keep up to date with vacancies at EVORA on our social media channels: Twitter, LinkedIn and Instagram.

BIM:SAM – A Revolutionary Way To Optimise And Future-Proof Your Buildings In A Digital Age

Strategic asset management within the BIM environment; bringing all the information you need into one building model

EVORA EDGE‘s remit is to support clients to implement sustainability at both fund and asset levels. We do this by helping to design, deliver and manage technical engineering solutions to the built environment. To support our delivery of these technical services, EVORA EDGE has developed an innovative management approach, which we call BIM:SAM – Building Information Modelling for Strategic Asset Management.

BIM:SAM is nothing mysterious or untested. It’s our way of delivering a connected, intelligent approach to designing, maintaining, monitoring and reporting asset performance within the Commercial Real Estate sector.

[clickToTweet tweet=”BIM:SAM – EVORA’s approach to managing the challenges that exist within commercial real estate” quote=”BIM:SAM is our approach to managing the many challenges that exist within commercial real estate, and is our way of future-proofing properties in a digital age.”]


BIM:SAM – a ‘one stop shop’ for managing real estate challenges.

  • Building Information Modelling (BIM) is an intelligent 3D model-based process that gives architecture, engineering, and construction professionals the insight and tools to more efficiently plan, design, construct, and manage buildings and infrastructure.
  • Strategic Asset Management (SAM) involves the balancing of costs, opportunities and risks against the desired performance of assets.

EVORA has created a methodology for combining BIM technologies with SAM processes into a ‘one stop shop’ solution that informs the building management process, resulting in a useful transferable asset – the building information model.

The schematic below demonstrates how, acting as a technical manager, we use BIM:SAM to manage commercial real estate and developments.

BIM:SAM Projects diagram

As you can see, the BIM can be created for a number of solutions, such as a high-level MEES risk assessment, a Health and Wellbeing study, or as part of a building services design project.

Whatever the requirement, the same BIM can be used as a ‘digital passport’ for your building, recording data and information of the building and its services – one model, multiple functionalities.

[clickToTweet tweet=”The launch of BIM:SAM provides a ‘one stop shop’ approach to delivering M&E technical consultancy” quote=”The launch of BIM:SAM now provides a ‘one stop shop’ approach to delivering M&E technical consultancy”]


Merging real intelligence and innovation with strategic asset management.

The typical M&E/FM service model below illustrates how the M&E consultant’s role can be restricted to periodic checking and/or specific project involvement:

Conversely, our BIM:SAM model below illustrates how EVORA EDGE, as a Technical Manager, continuously interacts with the Property Manager by using a dynamic building information model.

This BIM can be integrated with our SIERA software to create a powerful monitoring and targeting (M&T) toolset. BIM:SAM merges real intelligence and innovation with strategic asset management.

SIERA BIM:SAM diagram

At the heart of BIM:SAM is the relationship between our Technical Manager and the Property Manager. We develop and provide the building information model that informs the decision-making process.

Within our model and our SIERA platform, we collate the information required such as energy usage, CO2 emissions (embodied carbon and operational), asset condition reporting, maintenance scheduling and life expectancy reporting.

[clickToTweet tweet=”Using a dynamic BIM model alongside @SIERAsoftware can bring innovation to asset management” quote=”By using a dynamic BIM model, alongside monitoring and targeting through our SIERA software, we can bring real intelligence and innovation within the strategic asset management approach”]


Outputs that are easily integrated and simple to understand.

EVORA EDGE is experienced in using BIM processes to manage MEES risks, engineering and energy efficiency, resource efficiency and capital cost planning.

Our systems follow the recommendations in the RICS New Rules of Measurement (NRM) Order of cost estimating and cost planning for capital building works. This ensures that any outputs can be easily understood and integrated into capital cost planning and asset management by non-engineering professionals.


BIM:SAM in action.

Guildford Borough Council

We used our BIM:SAM approach to undertake an exciting project for Guildford Borough Council, supporting it with its CO2 reduction strategy.

Download our Guildford Borough Council case study here.

EPAM

We have been appointed by our client EPIC Property Asset Management Ltd (EPAM) to conduct a BIM:SAM project at 120 Old Broad Street – a 49,000sqft multi-let office building. We look forward to sharing the results of this work soon, and at X Energy 2017 in October, at which we are the Building Optimisation Partner.


The benefits of our BIM:SAM approach:

  • Managed by technical M&E specialists
  • Centralised data collation, consistent processes and simplified reporting structures
  • BIM ‘Digital Passport’
  • Data quality and performance modelling
  • Conditioned-based monitoring and intelligent PPMP
  • Performance Management – energy and productivity
  • Future-proofing of assets
  • Health and Wellbeing planning
  • Improved fund performance

BIM:SAM Brochure cover image
To learn more about BIM:SAM and how it can revolutionise your approach to asset management, please don’t hesitate to get in touch or download our BIM:SAM brochure for all the information in a handy PDF.

 

EVORA To Be Main Sponsor of The Crowd’s X Energy 2017

We are delighted to announce that we have teamed up with our friends at The Crowd and will be one of the Main Sponsors at X Energy 2017 in October.


EVORA has come a long way in its six years.

It’s amazing to think that Chris, Paul and Ed left DTZ to start Sustainable Commercial Solutions together in 2011, spotting an opportunity to deliver a better level of sustainability consultancy expertise to the commercial real estate sector. And then came SIERA, our sustainability management software, which was specifically designed for the commercial real estate investment market.

Fast forward six years and the EVORA team is now 21 strong, we’re revolutionising the way technical engineering and M&E consultancy services are delivered thanks to EVORA EDGE, and SIERA now manages data for the likes of Schroder Real Estate, USS, Europa Capital, and Rockspring to name a few. Not to mention all the GRESB work we do as a Premier Partner, and the multiple events we’ve hosted, including the 2016 40% Symposium in Berlin, and the Healthy Buildings Conference with BRE and Arup in London.

To be one of the Main Sponsors of an event like X Energy 2017 is another big step for us.

[clickToTweet tweet=”News: @evoraglobal to be Main Sponsor at @thecrowd’s X Energy 2017 in October! More info here” quote=”EVORA will be a Main Sponsor at The Crowd’s X Energy 2017 in October. 50+ already registered. More details here…”]

With 160+ senior energy, sustainability, property, and facilities professionals in the room, we will be hosting two roundtable sessions that play to our deep expertise in sustainability, energy, and data management (exact topics TBC), as well as having a series of one-to-one meetings with key decision makers who will be looking for support with their sustainability goals.

Here’s some information about the event, direct from the X Energy landing page:

This impactful half day event will explore the intersection of energy and tech, inspiring and connecting the leading minds from a mix of energy intensive sectors.

We’ll explore how disruptive technologies, new energy management strategies and financing models are exponentially changing energy programmes in large organisations, and share knowledge and latest thinking amongst the community. The programme on the day is a mix of inspiring keynotes, high level panels, peer roundtable discussions and structured networking.

With over 50 attendees already registered five months in advance, X Energy 2017 is already lining up to be a fantastic event.

We will be publishing a series of event-related content between now and October, so stay tuned to our blog and social media channels, and make sure you’re signed up to receive our newsletters.

Follow us on Twitter @evoraglobal, The Crowd @thecrowd, and search for the hashtag #XEnergy for event-related Tweets.


EVORA Needs Two Excellent Data Analysts to Support Its Rapid Growth

The title says it all!


If you’re reading this, there’s a good chance that either you, or someone you know, might be interested in this exciting opportunity to become a data analyst for EVORA. So please go ahead and use the social sharing buttons on this page to spread the word.

EVORA Data Analysts

Click to view full spec.

The full job spec is available as a PDF here, including details of how to apply.

We look forward to hearing from you!

Healthy Buildings Are Here to Stay

This post is authored by Dr. Paul Toyne, and it originally appeared on the Building4Change website. It has been reposted here with permission.


Good engagement, a strong business case backed up by data and a sense of shared responsibility were all on show at the Healthy Buildings conferences, suggesting health and wellbeing is not just a fad.


Earlier this month I chaired the Healthy Buildings conference which explored ways to improve health and wellbeing in existing commercial properties. Organised by BRE in partnership with EVORA, the day featured a stellar cast of expert speakers who spoke to a packed audience at ARUP’s London HQ.

The programme gave a platform to developers, landlords, architects, building services engineers, fit-out contractors, as well as occupiers, with detailed specifics on biophilic design, indoor air quality, thermal comfort, acoustics, water and thermal comfort. There were lots of fascinating presentations – more than I can do it justice to here. Instead, I will share my three main observations of the day.

Health and wellbeing (H&W) resonates with people on many different levels

I was struck by the high level of audience participation and how most people stayed until the end of the day, rather than leave after the lunch as is often the case at conferences. Why is this? Because in my view the H&W agenda resonates with people, engaging them on many levels, be it technical or emotional; H&W is a global trend that is not likely to go away. And rightly so, because who is not interested in their own wellbeing while working in an office and the impact that an office environment can have? Another subject of interest to the audience environment professionals was being able to understand their role in the value chain that provides these improvements – be it through design, product innovation or behavioural change. This I hope bodes well for wider adoption of H&W solutions.

Business case evidence for H&W is strong and expectations will increase

The day demonstrated the strong evidence that shows clearly the benefits of a healthy building for office occupants and how that translates to commercial benefits for employers and the landlord. It is stating the obvious that no-one wants to design and operate unhealthy buildings, but knowing what elements are essential to H&W and measuring their positive impacts is necessary to convince those who are solely influenced by the bottom line. Various speakers made reference to an array of studies that demonstrate just that. There is no longer the argument that the data is lacking or not market specific enough. Furthermore, I believe that it will be important for commercial office developers and landlords to act and demonstrate how they are improving their stock to their customers to protect their brand and reputation and their market share.

Collaboration and shared responsibility is driving the agenda

Finally, it was clear throughout the day how delegates and speakers felt a shared sense of responsibility for delivering better buildings and a genuine show of collaboration between developers, building managers and the occupiers to achieve this. Landlords and developers were acknowledging their responsibility, arguing that H&W was more than just the building but extended to improving the public realm. What, for example, is the point of improving indoor air quality if the moment you go out of the building for a break or for your commute, you are hit with air pollution. Developers talked about creating the right social infrastructure both within and outside the building, dealing with not just environmental concerns but social concerns such as homelessness. Throughout the day examples were given on how the different stakeholders were working proactively together and with their supply chains to deliver H&W outcomes.

So what does this all mean?

All this suggests that H&W is not a fad or a trend that will go away in a few months. If you consider it as a global trend, covering lifestyles, diet, exercise and technology to monitor performance, then there is no reason to exclude buildings from being part of the mix. Next time you are in your office ask yourself are you in a healthy building? If you don’t know the answer ask your landlord and soon you will open up a discussion that can only lead to better buildings. That is after all the goal we all want.

Watch all the presentations on the BRE Conferences YouTube channel.


Author

Dr Paul Toyne is an independent adviser on the sustainable built environment and professional chair of conferences and events. Find out more about him on www.paultoyne.com or follow Paul on Twitter @Paul_Toyne.


To talk to us about improving health and wellbeing in your commercial properties, please don’t hesitate to get in touch.


To be invited to our next Healthy Buildings event, make sure you are signed up to our mailing list.


 

EVORA Appointed by USS to Manage Its Sustainability Data

On behalf of the wider team, I am delighted to welcome Universities Superannuation Scheme (USS) as a new EVORA client.

USS, one of the largest pension schemes in the UK, with total fund assets of approximately £57 billion (as of December 2016), has appointed EVORA to manage its sustainability data and to provide support in meeting its voluntary and mandatory reporting commitments.

EVORA Appointed by USS

Our instruction focuses on monitoring and performance reporting, including the managing of waste, water and energy data for the property portfolio. We are also helping USS with its external reporting requirements ranging from the CRC through to GRESB submissions.

We are very excited to have been appointed by USS and feel our instruction is a reflection of our proven track record in managing large scale data management and reporting mandates. The strategic approach that we take with our consultancy clients is being supported by our proprietary web-based sustainability management software SIERA.

SIERA has been developed specifically for the real estate IM market to provide environmental monitoring and reporting, to help meet specific client reporting requirements, and also regulatory and voluntary reporting standards including CRC, GRESB and INREV/EPRA.

We look forward to working on this instruction and hope it is the start of a much longer-term relationship.

Introducing the GRESB Public Disclosure Score for Listed Real Estate Companies

In January, GRESB released its first public disclosure score (PDS) cards for listed funds. These new ratings are designed to complement the existing assessment and to provide investors with insights that are not fully captured in the standard GRESB reports for listed real estate companies.

The GRESB Public Disclosure Assessment evaluates each participating listed property company’s sustainability information disclosure. The results are communicated by a scorecard. An example is shown below.

GRESB Public Disclosure Score for Listed Funds

The GRESB Disclosure Score is based on an A to E sliding scale (where A is best). Listed participants that score an “A” demonstrate leadership in their approach to environmental, social and governance disclosure, and are characterized by a high degree of transparency on ESG commitments.

The PDS is generated by using responses to a subset of existing GRESB questions that relate to public disclosure of ESG issues.

GRESB states that:

‘ [The PDS] represents a base level of information for about 400 listed property companies globally, and could be utilized for integration into existing data platforms such as Bloomberg and S&P Global Market Intelligence.’

Results published in January 2016 are only available to participants. However, 2017 results will be available to GRESB members who are investors in the relevant funds – in the same way that full GRESB results are available now.

EVORA is a GRESB Real Estate Premier Partner and approved Service and Data Provider. In 2016, we provided GRESB support to 44 participant funds. Click here to download a copy of our free GRESB eBook, Survey, Submission, Success!’

For all GRESB support enquiries, please contact us today.

 


GRESB Premier PartnerAs a GRESB Real Estate Premier Partner, we are perfectly positioned to provide GRESB support. View our official Premier Partner profile.

We can work with you to complete the submission and understand your scoring, as well as develop a sustainability plan that will improve your future GRESB performance and align with your organisation’s key environmental objectives.

The Non-Financial Reporting Directive: Three Key Questions and How to Approach the New Requirements

This is our 20th blog post of 2017 so far – have you signed up to receive our monthly digest yet?


In December 2016, the EU non-financial reporting directive (Directive 2014/95/EU) was transposed into UK law via The Companies, Partnerships and Groups (Accounts and Non-Financial Reporting) Regulations 2016.

In short, this legislation requires large companies to report additional non-financial (i.e. environmental and social) performance-related information within their annual reports.

The original timetable for transposition into national legislation by member states was the 6th December 2016. On the continent, several states are reported to have missed this deadline, which presents uncertainty as to how and when these requirements will be interpreted across jurisdictions.


1. Which companies are affected?

‘Public interest entities’ matching both of the following criteria are required to report against these new requirements:

A. Traded/listed company (anywhere in European Economic Area), banking company, insurance company, or company carrying on insurance market activity

B. ≥ 500 employees (on average during the financial year)

[Notwithstanding these criteria, in our opinion it would be a valuable exercise for any organisation to review their opportunities to develop or improve reporting of non-financial information to relevant stakeholders.]


2. What must be disclosed and when?

The legislation requires disclosure of these aspects of performance:

  • Description of the company’s business model
  • Policies (incl. due diligence procedures)
  • Principal risks and corresponding risk management procedures
  • Management approach
  • Non-financial key performance indicators
  • Outcomes

All the above aspects of performance should be reported in relation to these ‘non-financial’ issues:

  • Environmental matters
  • Social matters
  • Employee matters
  • Respect for human rights
  • Anticorruption and bribery matters
  • Board diversity (i.e. age, gender, geographical diversity, and educational and professional background) [1]

Information must be relevant and material, in order that stakeholders can fully understand an entity’s approach, impact and performance in relation to these environmental, social and governance matters. Where there are gaps in disclosures, an explanation must be provided.

For affected entities, these reporting requirements apply to reporting in relation to financial years starting in 2017. This includes financial years that begin on 1st January 2017.

Interestingly, the European Commission has committed to preparing a report for the European Parliament and Council by 6th December 2018 on the implementation of the Directive, including its scope, effectiveness and the level of accompanying guidance and methods. However, clearly, with the UK now committed to leaving the EU by April 2019, the outcomes of this review will not automatically directly impact UK legislation. More fundamentally, the entire existence of this piece of legislation may be threatened as a result of the UK leaving the EU, as the UK Government will be completing a process of reviewing the applicability of all laws passed pursuant to EU Directives. However, please note that in the meantime and until further notice [by UK legislators] companies will be required to apply this new legislation in its entirety.


3. Where should these disclosures be reported?

According to the legislation, the required information should be included as part of a ‘Non-Financial Information Statement’ within the strategic report of the entity’s annual report. Importantly however, “If information required by subsections (1) to (5) to be included in the statement is published by the company by means of a national, EU-based or international reporting framework, the statement must specify the framework or frameworks used, instead of including that information.”

As such, if for example an entity presently or plans to report through the UN Global Compact (UNGC) or Global Reporting Initiative (GRI), they may already be compliant and can continue to report this information outside of their annual report. In this instance, these separate aspects of reporting would need to correspond to the same financial year.

In our opinion, for companies that present UNGC or GRI-related information outside of their annual report, we hope that they will elect to include more than just a sign-post to this information within their Non-Financial Information Statement. Providing at least a summary of this information will clearly better comply with the intent of this legislation, which is to have relevant and material non-financial information presented alongside financial information in an integrated manner.


Final thoughts on how to approach these new requirements

  1. Consider the relevant criteria to determine whether your organisation is affected.
  2. Unpick the requirements and complete a gap analysis against your organisation’s current activities, performance and data/information collection procedures.
  3. [Optional] Explore synergies with other voluntary/mandatory reporting frameworks that your organisation already reports or would like to report against – e.g. Modern Slavery Statements (Modern Slavery Act 2015); Financial Standards Board (FSB) Climate-related Financial Disclosures (currently draft); GRI; UNGC; and, European Public Real Estate Association (EPRA) Best Practice Recommendations on Sustainability Reporting.
  4. Take a look at what your peers are doing – the Climate Disclosure Standards Board (CDSB) have helpfully compiled some relevant good practice examples that can be accessed here.
  5. Develop a plan to both improve your organisation’s performance in these areas and ability to report accurately and completely.
  6. Implement the plan.
  7. Report!

Nearly finally… we would recommend discussing with your auditor the level of assurance/verification incumbent upon information contained within your non-financial information statement. That said, we would always recommend that such information and data be generated and checked via robust procedures and, where appropriate, supported by third-party advisors and/or software tools. For example, our proprietary software SIERA holds all an organisation’s property-related environmental data in one secure database with powerful validation tools to ensure the accuracy and completeness of data.

And finally, please do get in touch if you would like to explore these requirements further and/or to discuss how your organisation can:

  • achieve compliance

  • derive benefits from better risk management and transparent reporting


We’re ready to help. Contact our experts today.


[1] Please note: Board diversity disclosure requirements are nuanced depending on the exact nature of the business. EVORA can provide more information upon request.