In the face of increasing climate change challenges, climate-related financial reporting has become essential for businesses to demonstrate their commitment to sustainability, manage risks, and comply with evolving regulations.
Finance, asset, and fund managers are crucial in ensuring that organisations provide accurate, actionable, and auditable data on building performance, operations, and the environmental impact of their commercial real estate assets.
Climate-related financial reporting involves disclosing information about the financial impacts of climate change on a company’s operations. This includes both physical risks, such as extreme weather events, and transition risks, such as policy changes and market shifts towards a low-carbon economy. Accurate reporting helps stakeholders, including investors, regulators, and customers, make informed decisions about the sustainability and resilience of businesses.
Finance, asset, and fund managers play a vital role in ensuring that their organisations meet the requirements of climate-related financial reporting. They need to collect and analyse accurate data on building performance, energy use, carbon emissions, and other environmental impacts. This data must be actionable to drive improvements, and auditable to ensure compliance with regulations.
Finance managers ensure that the financial implications of climate risks are integrated into financial planning and reporting. Asset managers focus on the operational efficiency and sustainability of physical assets, identifying opportunities to reduce energy consumption and emissions. Fund managers incorporate climate risk assessments into their investment strategies, ensuring that their portfolios are resilient and aligned with sustainability goals.
Accurate, auditable data on building performance and environmental impact is essential for compliance with climate-related financial reporting requirements.
This data should provide insights that can inform decision-making and drive improvements in building performance and sustainability. It must also ensure transparency and accountability, allowing for verification by external auditors and compliance with regulatory standards.
The EP&T EDGE platform is a powerful tool that supports finance, asset, and fund managers in meeting the demands of climate-related financial reporting. By leveraging data from Building Management Systems (BMS), Internet of Things (IoT) devices, and submeters, the EP&T EDGE platform provides comprehensive insights into building performance and environmental impact, along with self-service and automated reporting tools for sharing data.
EP&T EDGE integrates data from various sources within a building, offering a complete view of energy consumption, equipment performance, and environmental conditions. EDGE applies advanced data analytics to collected data in order to deliver actionable insights that can inform sustainability initiatives and operational improvements, identifying patterns of energy use that indicate inefficiencies and suggesting improvements.
One of the critical challenges for managers is demonstrating the tangible benefits of their initiatives. EP&T EDGE assists by quantifying efforts in terms of reduced carbon emissions, energy savings, and cost reductions, providing valuable data for reporting to stakeholders and justifying investments in sustainability measures. Additionally, the platform supports compliance with climate-related legislation by generating detailed reports that align with regulatory standards, simplifying the compliance process.
Climate-related financial reporting is essential for demonstrating sustainability, managing risks, and complying with evolving regulations. Finance, asset, and fund managers play a crucial role in ensuring that organisations provide accurate, actionable, and auditable data on building performance and environmental impact.
The EP&T EDGE platform supports these efforts by offering comprehensive data collection, real-time monitoring, actionable insights, and compliance support. By leveraging such advanced technologies, managers can streamline the requirements of climate-related financial reporting and contribute to a more sustainable future.
