Environmental, social, and governance (ESG) expectations have become increasingly important to tenants and owners. Tenants today expect modern, energy efficient buildings. In fact, according to Apartment Data, 61% of renters say they would pay more each month in rent for an eco-friendly apartment. Owners are also feeling pressure from investors to meet ESG demands. According to a Deloitte survey, only 21% of survey respondents currently have an ESG council or working group in place to drive ESG initiatives, while 57% of survey respondents are actively working to establish an ESG group or team to drive initiatives. Due to increased pressures, owners are turning towards property managers to execute on sustainability initiatives.
As a property management company, the need to be proactive with value-added services is essential to meet tenant and owner expectations, and better compete in today’s market.
When it comes to ESG initiatives, proactively bringing a sustainability program to your owners is critical. Developing an ESG playbook makes you more strategically valuable to your owners and positions you for more revenue opportunities. But developing that program is hard.
In addition to developing an ESG playbook comes implementation. You will need to streamline and accelerate your property upgrades to provide efficient environments for tenants and ensure your investors are satisfied with your progress. But implementation across numerous communities is easier said than done. Managing a large scale ESG rollout requires:
“SitelogIQ took the initiative to create a budget for all properties in our portfolio, directly correspond with our property teams, and produce fast audits. Their willingness to go above and beyond for our partnership and business relationship is irreplaceable.”
“SitelogIQ strengthens our energy efficiency strategy by helping us identify all available energy efficiency opportunities within our portfolio, so we’re never leading money on the table.”
“SitelogIQ is an excellent partner in business. A pleasure to work with, quick moving, and makes the whole process easy and immediately implementable”
By helping your owners take a centralized approach to ESG upgrades, you will accelerate their sustainability progress and give them the data to prove it. An end-to-end managed ESG program focused on mobilizing and monitoring your ESG strategy will help you deploy capital cost effectively and free up valuable time to focus on other important initiatives.
You will experience the following benefits within six months:
With SitelogIQ, you will be able to overcome the challenges of helping your owner implement an ESG program. As an extension of your team, we have the expertise to help you create and implement a highly effective ESG program that encapsulates your owners and tenants’ values. We make it easy to roll out proven ESG solutions across multiple properties.
SitelogIQ has completed over 3,200 projects that have resulted in more than $12 million in utility bill savings for dozens of top real estate agencies and Fortune 1000 firms. Here’s why we’re able to produce impressive results for portfolios of all sizes:
We distinguish ourselves as the industry’s leader in ESG implementation by offering a full suite of services, including:
SitelogIQ can deploy the following solutions for every property you manage:
SitelogIQ is a premier turnkey ESG partner that 91% of clients recommend for future projects. We’re ready to embrace your property management company’s most precise energy efficiency needs by enacting well-crafted solutions. We encourage you to get in touch to discuss how our centralized ESG services can ensure energy efficiency across your entire portfolio.