Large companies today must contend with a wide range of energy, sustainability and environmental issues that were practically non-existent 10 years ago. How well are they doing? Not too well, according to new reports from industrial company Ingersoll-Rand and German sustainable investment rating agency oekom research. My takeaway from these reports: organizational measurement and improvement on environmental sustainability is easier to promise than it is to deliver.
Jones Lang LaSalle has spent the past five years developing and refining ways to help companies reduce environmental impacts and measure and report progress. If a suite of tools and practices that allow firms to deliver on green goals can be called a ‘product’, then I can say without hesitation that we have the best product in the property sector – but it’s not a finished product. As investor expectations and government actions on sustainability continue to evolve, we have an ongoing obligation to understand their impact on our corporate and investor clients, and to adjust our product to help client meet new challenges and seize opportunities.
This is challenging enough for a company that operates in one country. For organizations that operate globally, as many of our clients do, the task may seem insurmountable. That’s why the new edition of our online Global Sustainability Perspective provides an overview of municipal, state and provincial, national and regional laws governing carbon, energy, water, waste, pollution and environmental risks. We look at government incentives for renewable energy, requirements placed on building owners, and regulatory issues around environmental, social and governance (ESG) reporting in the world’s largest economies.
The result may be more appealing as a reference tool than as a beach read. The point is that we have people around the world keeping tabs on these issues and sharing them internally, creating a sort of living database that is constantly being updated. Sustainability is extremely difficult for multi-national companies. We can make it a lot easier.