Proptech can help drive the ESG agenda


I read with interest your article entitled ‘ESG is critical for business’. I was surprised to see no reference to the vital role that technology and data can play in helping the property industry meet its ESG objectives.

As one of the contributors said, ESG “is not just about the engineering concepts in isolation; it is married with the social dimension”. Indeed, communication between real estate businesses, their suppliers and clients is critical to achieving better service standards and therefore relationships to ensure longer-term engagement.

Innovative proptech solutions facilitate engagement and collaboration, providing the centralisation and quality of data capture, analysis and reporting needed to keep on top of the challenges of managing complex fluid portfolios and to report and act effectively on an ESG strategy.

Equally as important is having a strategy and systems to manage and mitigate financial risks associated with energy supply costs. Ensuring appropriate governance is in place will protect real estate businesses from situations like today’s energy crisis.

The need for a carefully planned strategy for buying energy has really driven home the benefits of risk-managed flexible energy contracts to protect budgets and enable more effective financial planning and management.

While buying energy effectively to reduce exposure to market forces is crucial, it is becoming ever more important from an ESG perspective to understand the best way to purchase renewable energy from both a quality and cost perspective. Inadvertently taking the wrong approach could send unintended signals that do not align with an ESG framework.

To make effective decisions, centralised energy and sustainability data management systems (and embedded processes) are critical to understanding how and where energy is used by landlords and tenants, as well as to measure and report on the impact of any subsequent actions taken to reduce emissions.

Paul Edwards, Operations Director, Alfa Energy Group

The article can be found here: Property Week

This topic was also explored during our recent webinar ‘The Key to Future-Proofing your Real Estate Portfolio: An ESG Perspective‘, which featured Vicky Cotton, Head of ESG at Workman LLP. Watch On-Demand

Alfa Energy Group

Alfa Energy Group, an Edison Energy company, is an international energy, sustainability and technology consultant partner with 250 employees over 3 international locations. For over 25 years, Alfa has been servicing its clients’ needs through energy and water management, sustainability, and compliance consulting, and an intuitive ecosystem of user-driven energy, water, and carbon management software platforms. With coveted awards, an international industry-wide recognition, and clever simple solutions, today Alfa is partnering with clients to establish and deliver pivotal net zero strategies. Through smart energy management, the expertise and diligence of its people, transparent processes, and data management, Alfa continues to lead through its recognised gold standard of service delivery.