Video: Environmental, social and corporate governance for independent third-party Cx providers
This introductory presentation seeks to provide a basic understanding of ESG concepts and insights into the ramifications of changing procurement parameters affecting independent third-party commissioning provider (CxP) and energy management service operations. Discussion of ESG business opportunities for CxPs and EMPs is also included.
Learning objectives
- Understand current carbon accounting schemes.
- Identify where Scope 1 inputs are controllable by an enterprise, and Scope 3 inputs by vendors, suppliers and extractors are typically not included on balance sheets.
- Be able to discuss topics that include the circular economy connected to the built environment and other opportunities for CxAs & EMPs.
- Understand greenwashing, UN global compacts, regulator involvement and DEI (diversity, equity and inclusion).
In less than 20 years, ESG criteria has gone from a UN corporate responsibility initiative to a $30 trillion global network and risk management framework intended to build trust in markets through sustainability and other efforts. This introductory presentation seeks to provide a basic understanding of ESG concepts and insights into the ramifications of changing procurement parameters affecting independent third-party commissioning provider (CxP) and energy management service operations. Discussion of ESG business opportunities for CxPs and EMPs is also included.
“ESG is a risk management framework intended to build trust in markets through identification and management of sustainability-related effects and implications affecting the value of an enterprise. ESG concepts originate from a UN and international financial institutions collaborative report in 2004 titled “Who Cares Wins.” Since 2020, increasingly ESG data is overlayed with Sustainable Development Goals (SDG) developed by the United nations since the 1980’s. In less than 20 years ESG has gone from a UN corporate responsibility initiative to a $30 trillion global network. At the 2022 SERBCA/7×24 Technical Summit in Charlotte, the CEO of a major technology infrastructure developer and leaser to hyperscale businesses clearly stated, “ESG is required to raise capital for data centers. Engage locally and contribute to community.” Organizations engaged in various types of infrastructure development and construction in numerous national and international economic sectors face ESG imperatives in acquisition and implementation of their services. This presentation seeks to provide basic understanding of ESG principals and insights into ramifications of changing procurement parameters on independent third-party commissioning provider (CxP) and energy management service operations. Opportunities exist for CxPs and EMPs in emerging fields such as carbon accounting, where technical integrity and high ethical standards must be applied. LEED has become a status quo metric. CxAs and EMPs will be engaging with ESG delivery models and organizational management parameters under developing construction and operational performance metrics. ACG member firms have begun including ESG in social media content and some have publicly accessible ESG reports to promote accountability with enterprise and client relationships. Conceived as an introductory presentation on ESG, we will invite dialogue and questions to compliment the interests of the Cx Energy audience.”
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