This article is going to take a look at the importance of ESG reporting in real estate and how you can achieve the environmental aspect of ESG with the help of DABBEL.
ESG reporting is becoming increasingly important at a rapid rate. In recent years, several laws or regulations have been introduced across different countries for the corporate world. They may vary slightly between countries, but in general, ESG reporting requirements are becoming stricter and more comprehensive and are also being extended to more and more industries.
This includes the real estate industry where especially the environmental aspect of ESG reporting is playing a significant role. Regulators have identified real estate as one of the main producers of CO2 as buildings are responsible for a huge part of worldwide CO2 emissions as well as energy consumption – and around ¾ of buildings in Europe are not energy efficient. As energy efficiency is directly linked to CO2 emissions, measures to improve a building’s energy efficiency are becoming increasingly important to comply to those new ESG regulations.
But measures to improve energy efficiency are often associated with long implementation periods and can be very cost-intensive which often makes them not at all feasible because of long amortization periods. This requires new innovative ways which can have a real impact to reduce energy waste and improve energy efficiency in commercial buildings.
Thankfully, AI-based software solutions which control a building’s energy systems, like the DABBEL AI, have been popping up in the last few years and are ready to have a real impact.
The DABBEL AI is a pure software solution that sits on top of the already existing Building Management System (BMS) and manages the HVAC energy systems autonomously and in real-time. Not only does this approach eliminate the need for constant manual adaptation, but it also saves up to 40% of HVAC energy consumption. This directly reduces CO2 emissions and brings building owners closer to reaching their environmental goals.
But there are 62.220.000.000 m² of building space worldwide that are equipped with a BMS. To equip such a huge space and hence a large number of buildings, measures need to be implemented quickly to have a scalable impact. The DABBEL AI was developed with exactly this in mind: With only a software update and no need for upfront building analysis or any hardware, the DABBEL AI can be implemented within only one week and produces results already after 4 weeks – without any upfront costs.
This has been proven in several projects including one with GELSENWASSER, where the DABBEL AI was able to save 35% of energy consumption and CO2 emissions in only 4 weeks, thus enabling GELSENWASSER to move significantly closer to reaching its sustainability goals. This makes the DABBEL AI a powerful tool and an important building block for any sustainability strategy.
2030 is edging closer and closer. To reach our climate goals, the real estate industry has to do its part in reducing CO2 emissions. To make this happen, every possibility needs to be taken advantage of – including an AI-based software solution like the DABBEL AI.