Through this partnership, InSite will provide building owners and property managers with actionable building intelligence data to complement ESG, sustainability and energy advisory, indoor environmental quality, and construction site services. ‘UL. UL’s consulting services include services such as energy and water audits, commissioning consulting services, sustainability certifications including Leadership in Energy and Environmental Design (LEED), Building Research Establishment’s Environmental Assessment Method (BREEAM), Fitwel and WELL Building Standard.
Speak 2020 Global State of Buildings and Construction Report according to GlobalABC, buildings generate almost 40% of the world’s annual CO22 emissions, 28% of which come from the operation of the buildings. As part of UL and InSite’s combined offering, InSite’s building intelligence platform will support robust reporting and disclosure of ESG and sustainability data to key stakeholders such as the GRESB. UL will leverage InSite’s extensive data integration capabilities and operational knowledge to provide relevant advisory expertise, such as carbon accounting and net zero carbon emissions.
ESG reporting for a building encompasses a variety of environmental measures. According to the United Nations’ Global Status of Buildings and Construction Report 2020, building operations contribute 28% of total global energy-related carbon dioxide emissions. In addition to greenhouse gas emissions, other environmental factors should be considered for ESG reporting, including energy consumption, water consumption, solid waste and biodiversity.
“The commercial real estate industry has prioritized the formulation of building performance and ESG data and related reporting standards as part of overall property management operations,” said Sean McCrady, Global Director of UL’s Asset and Sustainability Performance Group. “UL’s new partnership with InSite will allow us to provide our customers with an end-to-end technology and advisory solution to help inform these critical business decisions, including asset allocation, company selection property management and overall investment strategies.
“We are extremely excited about our new partnership with UL and the positive impact it will have on our customers. This partnership allows us to continue to monitor and report on building performance, sustainability and ESG data while enriching and enhancing our customers’ sustainability journeys with UL’s industry-leading consultancy,” said Francois GangemiPresident of InSite.
InSite is a leading business intelligence solution for property owners and operators. InSite’s software-as-a-service (SaaS) platform and managed services deliver innovative data-driven insights that enable clients to achieve ESG and sustainability goals and improve building performance while reducing operating costs. InSite’s cloud platform seamlessly integrates data from a multitude of sources and systems. Leveraging a combination of machine learning and human analytics, InSite delivers actionable insights for optimizing real estate operations in support of strategic objectives and regulatory compliance. Visit InSiteIntelligence.com for more information.
UL is a world leader in safety science. We provide testing, inspection and certification (TIC), training and consulting services, risk management solutions and essential business information to help our customers, based in more than 100 countries, achieve their goals of safety, security and sustainability. We believe that our deep product knowledge and supply chain intelligence make us the partner of choice for customers facing complex challenges. Learn more at UL.com.
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