What are we expecting to see?
#1: A safe and inviting welcome back to the office but with a new NORM
#2: ESG Explosion with a focus on climate solutions, GHG reduction and Energy Savings that can be Measured and Verified (M&V)!
#3: Partnerships that contribute to holistic solutions: Greater need to work together
ESG strategies are making efficiency opportunities even more important since they can be verified!
We are also witnessing these trends working together through an Energy Management Action Plan <E-MAP>. This will strengthen and reinforce the lifeline needed for a better future, without compromising safety, tenant comfort or equipment reliability.
Environmental, Social and Governance (ESG), implemented with integrity, will decide and prove out: “Who Cares Wins”!
Our added hope is an end to ‘fake news’, false pledges and greenwashing. An honest ESG commitment removes excuses for doing anything less than what is right. Here are a few examples:
1) Verified Energy Efficiency Results:
Energy Management Action Plan (E-MAP) delivered $3.2 Million in verified electricity savings across 28 properties and 12 property management companies. Equally important is their continued investment to accomplish even more as well as expanding to include GHG reduction!
2) Private Investment:
Moody’s Warns: “Trillion Dollar Time Bomb” unless companies drop high carbon investments
3) Federal Government commitment:
3.1) Carbon tax was tested in the courts and upheld.
Carbon has a price of $50/Tonne and rising by $10/Tonne/yr, up to $170/Tonne
3.2) Justin Trudeau’s commitment: Spirit of ESG – including "Net Zero by 2050"
4) City of Toronto’s December 15th decision: Net Zero by 2040
5) Google “ESG Commitment”: 18.1 Million Hits in 0.48 seconds. ESG is mainstream
6) Mainstream entertainment: Netflix’s environmental series + their recent movie release: “Don’t look up”
Equally important are the help and supporting tools:
7) Efficiency Valuation Organization (EVO):
Continually improving Measurement and Verification (M&V)
8) RETScreen:
Better tools to support M&V + Non-Routine Events and Adjustments
9) NRCan Existing Building Commissioning (EBCx)
Pre-screening Tool and Guide: 8 to 15% ‘Economic’ Savings
Working together, ESG can be the catalyst and success multiplier we need. Let's start by ensuring the RIGHT person has the RIGHT information at the RIGHT time to make the RIGHT decisions.
2022 is sure to be an exciting year! We are looking forward to working together and keeping in touch – keep safe, stay connected and we wish you success in achieving your ESG commitments!
Take a look at Natural Resources Canada’s (NRCan) highlights and resources for commercial office opportunities to identify and sustain energy savings and achieve your ESG commitments!
Energy@Work assisted NRCan with the development of the Existing Building Commissioning Pre-Screening Tool to help identify the most appropriate candidates for EBCx- as featured in BOMA Canada’s January Newsletter and on their LinkedIn.
NRCan has invested in the EBCx 4-Phase approach because it is effective in ensuring safety, tenant comfort, equipment reliability and energy optimization are achieved together and not a ‘trial and error’ exercise.
The trick to success is professional execution. EBCx is a complex process where optimizing performance requires integration of the right People, Process and Products.
Their 2021 ENERGY STAR Building Recertification score means that 15 Toronto is more energy efficient than 84 percent of similar properties nationwide!
This achievement adds to 15 Toronto’s success, after having won the:
2021 race2reduce Performance Leadership (Electricity) CREST Award AND the 2021 race2reduce Innovative Excellence CREST Award in its size category.
Congratulations to Madison Group: Gordon Smith, Victor Dang, Cesar Geronimo and the team at 15 Toronto- well deserved!
Take a look at 15 Toronto’s 2020 case study here!
Winter games begin February 4th until the 20th!
Cheer on our Canadian Athletes with a virtual meeting of the team members:
Team Canada Roster - Team Canada - Official Olympic Team Website
Here is the official website for up to date announcements:
Beijing 2022 - Team Canada - Official Olympic Team Website
Good luck Canada!
December GAM cost is $0.617 billion. This is a 20% increase from November’s GAM cost. Energy@Work provides a regular review of GAM costs and continues to ask “why?” and, this time, why did it drop?
GAM costs are largely Nuclear (OPG and non-OPG). However, Conservation and Demand Management (CDM), at less than 3%, continues to be reported as the reason for GAM.
The reality is that CDM investment was slashed by 2/3 in the 2021-24 budget. This drastic reduction was noticed by the Canadian Efficiency Alliance in their annual score card:
What should you do?
With less Energy Efficiency support, it is important to be more self-sufficient. Develop your own Energy Management Action Plan (E-MAP) as well as a Global Adjustment Mechanism (GAM) Strategy.
Energy@Work’s E-MAP service can include a “GAM coach”. We maintain the importance of a GAM Strategy for either Class A or Class B to win the (GAM)e.
Our collective savings have exceeded $10 million, and we look forward to continuing to assist.
Energy@Work's 2021 Accomplishments: As we move into 2022, let’s take a look back at what made 2021 great!
Stay tuned, stay connected and stay safe!
We thank everyone that has provided feedback and for your comments: positive and negative!
We appreciate hearing your thoughts and welcome your feedback on how we can improve and/or include other areas of interest to you: Please email: Requests@Energy-Efficiency.com
Thank You:
- Energy@Work