IOT & ESG

Incorporating smart technology into a multi tenant building can create a more sustainable building and result in an enhanced resident experience. We take a look at how data from smart technology can improve ESG ratings.

What is ESG? 

ESG stands for Environmental, Social and Governance and is used as guidance for businesses to set standards and targets for themselves to ensure a level of social and environmental responsibility. ESG is becoming an increasing focus for owners and operators of multi-tenant buildings with potential investors using these standards as a central factor when making decisions to invest. 

Not only does a good ESG rating result in more opportunities for investment and meaningful partnerships, but it can also deliver cost savings in the form of reduced energy usage. Smart technology can play a crucial role in achieving good ESG ratings as it allows operators to understand the indoor environmental conditions of a building on a deeper level and to act on the data gathered in a timely manner.  

How smart technology can improve a building's ESG rating 

Multi-tenant buildings house many residents who all require water, heating, lighting, and an Internet connection, with energy consumption constantly fluctuating around the building throughout the year. Through the use of specialist smart sensors and control devices, building operators can record live usage information from around the building, providing data which can be used to manage the building more efficiently, more sustainably and in a more cost-effective way.  

As an example, smart sensors can record energy consumption within a building and within individual apartments, highlighting which parts of the building are using an excessive or unexpected amount of energy. This data can then be analysed, and automated actions taken, like limiting maximum temperatures, or turning heating off remotely when certain conditions are met. Smart sensors can also determine how different spaces are being used to decide when lighting and ventilation systems need to be turned on or provide early notification on potential issues that will require human intervention.  

Falk Bleyl, Chief Technology Officer at ASK4’s IoT partners Utopi, joined our Connected Living webinar to discuss the benefits of integrating smart technology into multi-tenant buildings, and how we can use data to improve efficiencies and ESG ratings. Watch the webinar below…

UtopiConnect

Utopi collects live and actionable data from managed residential accommodation over the ASK4 network. The data produced is stored using the UtopiConnect platform, a platform that can integrate with other cloud-based products, such as resident apps and ESG data management platforms. These solutions are designed to support investors, developers and operators on their journey to improving ESG performance, and to increase the value of a building.  

If you’d like to know more about IoT Technology for multi-tenant and build to rent properties, please get in touch.