What is ESG? ask the analysts at McKinsey who write that: “Environmental, social, and governance (ESG) criteria have emerged as a way to measure a company’s impact” and that:
“E includes the energy your company takes in and the waste it discharges, the resources it needs, and the consequences for living beings as a result. Not least, E encompasses carbon emissions and climate change.
S, social criteria, addresses the relationships your company has and the reputation it fosters with people and institutions in the communities where you do business. S includes labor relations and diversity and inclusion.
G is the internal system of practices, controls, and procedures your company adopts in order to govern itself, make effective decisions, comply with the law, and meet the needs of external stakeholders”.”
McKinsey points out that “ESG is not a one-size-fits-all solution. A tailored, analytic approach to ESG will look very different from one company to the next. Consumer goods companies, for example, are increasingly looking to offer sustainable products. Oil and gas companies are strongly focused on reducing carbon emissions.”
Tackling the E with NexRev
Reducing energy usage and switching to renewables are key components in the E target of many organizations. In these earlier blogs, we discussed how we are helping organizations from all vertical markets to
Meet their ESG goals by monitoring and reducing energy use
And, here, we have practical advice for your business:
NexRev partners with businesses across North America to save energy. Our stats are impressive: More than five billion kWh of energy which reduces their energy costs by over $1 billion a year – saving over two billion kg of CO2 emissions. The NexRev energy saving portfolio provides clear, measurable benefits to our customers by tracking progress and monitoring KPIs needed to meet ESG goals.
Our energy-saving portfolio comprises:
- DrivePak – which can provide up to 22% energy savings from HVACs which can account for up to 42% of total building energy use,
- Freedom, our energy management system/building management system (EMS/BMS), which provides a centralized view of all the connected devices, sensors, and meters within a commercial building and generates the data that provides actionable insights to optimize energy consumption. An example of the data points that can be used in ESG reporting is that Freedom enables kWh and natural gas usage to be monitored in real-time.
The team of EMS/BMS experts at NexRev is focused on achieving actual quantifiable results and insights that enable organizations to identify new ways to reduce their energy usage.
The bottom line is that not only do our solutions provide measurable benefits, but they also enable you to track KPIs – so you can prove to your stakeholders that you are addressing your ESG goals and showing progress toward a more sustainable future.
To start the conversation about how you can tackle the E in ESG by reducing energy consumption, and slow down energy waste, please send a message to: This email address is being protected from spambots. You need JavaScript enabled to view it..
You can also read more about how NexRev can support your ESG goals here.
