Q: How Many Comm. Real Estate Industry Technology Solution Providers Have a Chief Sustainability Officer?
A: I know at least one. SAP.
So, I was just sitting down to write up a blog on the upcoming SAPPHIRE NOW 2013 in Orlando. There are many excellent changes this year that I wanted to share. But, I was sidetracked while scanning and reading some industry headlines when something about REIT’s and sustainability caught my eye. So, the SAPPHIRE NOW blog will come next (stay tuned!)
SAP is committed to sustainability for our own company and our customers. It’s known that SAP’s provides innovations in the areas of software for energy management and sustainable operations, and itself is transforming into a more sustainable company. For example, SAP recently won the for its 2010 Sustainability Report.
I’m reading this article, EPA Touts Commercial Real Estate’s Progress in Sustainability, explaining that REIT’s (Real Estate Investment Trusts) are receiving high recognition from the EPA as front runners in sustainability practices. REIT’s are some of the first industry communities to really understand energy management and it’s positive impact to the company. And that got me thinking…. SAP provides full life-cycle management solutions for commercial real estate including sustainability solutions. Our customers face continued competitive, sustainability and compliance challenges requiring better and faster decision making, improved tenant relations, higher efficiency, intelligent building management, and efficient lease administration and facility management. The article shows how companies with a real, tangible, report-able sustainability and energy management goals (and cultures) really benefit and provide a benefit to their customers. And that led me to think about our own CSO. Does he have any peers in the Comm Real Estate software solution space? I get the sense that if a company successfully leveraging their own sustainability energy management solutions to reduce environmental impact (SAP facilities globally must total hundreds of thousands of sq ft… not insignificant) must bring unique knowledge, best practice and value to those industry customers who need technology innovation for the whole real estate life-cycle. And today and tomorrow, that life cycle includes energy reduction, carbon footprints and sustainability goals.
So, please comment on this line of thinking. Do you think it matters? Agree? Disagree? Feel welcome to comment.