EcoSmart Supports the Widespread ESG Initiatives
EcoSmart supports ESG (environmental, social, governance) aspects of real estate investments, providing measurable data, and evaluating the environmental impact. EcoSmart understands the urgency for real estate owners and operators to assume greater responsibility in reducing global greenhouse gas emissions and intends to steer the sector’s efforts to tackle climate change.
What are Environmental, Social, and Governance (ESG) Criteria?
Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that are used by socially conscious investors to screen potential investments. Environmental criteria demonstrate how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where a company operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights.
The ESG Impact of EcoSmart's Program
All EcoSmart buildings are electrified, resulting in the elimination of fossil fuel-based heating/cooling and hot water technologies.
The integration of highly efficient geothermal infrastructure significantly reduces peak electricity demand.
The integration of the PV Solar System reduces the amount of electricity required to be provided by the electric grid which offers zero-energy capability.
All EcoSmart buildings are prewired for EV Charging and optional battery storage to support the easy implementation of power resiliency and energy independence.
Energy efficiency and associated savings are certified by independent third parties (e.g. HERS).
Decarbonization and high-energy efficiency are measured by EcoSmart’s proprietary EcoNOC digital energy management platform that provides decarbonization and energy efficiency reporting.