While business executives and facility managers have placed a priority on environmental, social and governance (ESG) regulations, most programs are still in the first stages of development.
A study from Planon, a sustainable building management software company, revealed that ESG changes are just starting to meet what is now expected. Planon’s report explores what businesses need to further build their ESG approach.
The survey indicates that 53 percent of businesses have defined ESG commitment targets but only 33 percent of those business have an ESG performance governance plan in place.
“ESG is a complex topic, and businesses need guidance on transforming data into insights so they can make proper decisions,” says Pierre Guelen, Planon CEO and founder. “Companies are not only looking for ways to capture and track data to improve transparency, they are looking for smart solutions that will help identify areas in which they can improve their performance.”
Planon surveyed more than 600 real estate investors, building owners and facility service providers. The study looked at what ESG initiatives they currently have in place and how they perform against ESG targets as well as a look at future targets and framework.
To request a copy of the report, click here.
Dave Lubach is managing editor of the Facility Market.
