Businesses that own or use commercial real estate are facing increasing pressure from regulators, investors, and tenants to disclose climate risks and chart pathways to net zero emissions in line with the Paris Agreement’s 2050 deadline. This is common across building owners, building occupiers and owner-occupiers.
Following the launch of the global Task Force on Climate-Related Financial Disclosures (TCFD) in 2015, Governments are beginning to actively regulate climate disclosure. This includes identifying the metrics and targets used to quantify and mitigate carbon risks.
Energy used on site, in the form of fuels burnt (natural gas, diesel, refrigerants, etc.) and electricity consumed, forms an asset’s Scope 1 and 2 carbon emissions footprint – those emissions within the asset owner/manager’s operational control. These carbon emissions must trend towards zero in line with owners’, investors’, and tenants’ respective net zero targets, as well as any legislated economy wide emissions reductions targets (for example, the Australian Government’s commitment to reduce emissions by 43% from a 2005 baseline by 2030).
Avani addresses the important need for a single system that reduces the environmental impact of commercial real estate by accessing data, changing behaviours, and tracking improvements. Robust enough to drive performance today, the system remains flexible in order to adapt to future changes to climate disclosure regulations.
Avani is different from other approaches to environmental management, as within a single platform we can:
- Provide adaptive connection, capturing an asset’s energy use and associated carbon footprint, irrespective of asset age and technological capacity
- Read from and write to any digital device, allowing true building automation based on prevailing conditions, including the source of energy
- Collect and collate data at the sensor, building and portfolio level, aggregating the machine level energy output used by facilities management staff
- Present portfolio-wide metrics to ESG managers and Fund managers accurately and in real-time, ensuring consistency of data across business
- Enable innovative carbon reduction strategies through dynamic, real-time carbon monitoring and demand management strategy execution
These features allow Avani to provide carbon reporting and decarbonisation pathways for global portfolios, irrespective of size and asset composition.