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As Regulators Move to Impose More Standards in the ESG Space Globally, We Are Proud to Introduce ESG as a Service

The US Securities and Exchange Commission is expected to finalize its first ruling on mandatory climate risk disclosures for public companies this year. The proposed rules, introduced last March, call for increased transparency for investors, expanding the requirements for corporate disclosure of financial risk to include climate-related risks and their impact on companies' business models and financial outlooks.

Under the new rules, large companies would be required to disclose independently verified greenhouse gas emissions they generate or purchase.

The proposal also increases the accountability of companies by requiring them to outline how they intend to reach those targets and report on progress in specific timeframes.

Tighter regulatory oversight of ESG investment mandates is growing not only in the US but globally. For example, the International Sustainability Standards Board (ISSB) (an initiative created by the International Financial Reporting Standards Foundation that administers IFRS accounting standards, is working on global third-party nonfinancial disclosure standards similar to financial ones used in company filings today.

In fact, the European Union has already signed into law its own disclosure mandate: the Corporate Sustainability Reporting Directive (CSRD), which requires an extensive set of disclosure standards in multiple environmental, social and governance domains.

Veea's ESG as a Service Offering Simplifies and Accelerates ESG "Smart Building" Initiatives

This week, we announced a breakthrough approach to assisting real estate owners and property management companies to embrace the ESG movement in a proactive way by making it easier for them to ensure their buildings are clean, efficient, healthy, and productively managed, using sensors, networks and automated systems that enable them to transform their buildings – not only to meet ESG standards but to save substantially on operating costs, while delivering a premium tenant experience.

Managing, controlling, understanding, and integrating large numbers of connected IoT devices does not need to be a difficult task when those responsible for managing single buildings, multiple distributed buildings, and campuses with our ESG as a Service offering.

The growing market for Environmental, Societal and Governance (ESG) solutions brings brand new opportunities for solution providers who support property owners and management companies.

Commercial real estate solutions providers and property managers are utilizing technology to achieve energy and cost efficiencies, real-time monitoring and control, improved in-building experiences, and meeting Environmental, Social, and Governance (ESG) requirements and building compliance.

A smart Building Management System can provide benefits, including seamless integration with Building Management Systems (BMS), reduction of TCO, energy savings, and improved building and tenant and guest comfort and safety.

Veea partners are now able to control and efficiently deliver unified, connected, and data-driven solutions to their customers.

Using VeeaHubs, mesh networking, and cloud control systems, building data can be collected and used to drive informed operational decisions in the enterprise and commercial real estate world.

Until now, implementing such systems was complex and costly due to several challenges related to data gathering and processing. The Veea Edge Platform is designed to effectively address these challenges.

Learn more by downloading our Concept Brief here.

If you happen to be attending MWC in Barcelona next week, please contact us to set up a meeting.

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