Planon guest post: FM Outsourcing Market- Remaining competitive in a Time of Change

This blog post first appeared on Planon’s website here: FM Outsourcing Market – Remaining Competitive in a Time of Change

Vetasi has been a global strategic partner with Planon since 2016.

Download the Planon White Paper: 10 Reasons why service providers should adopt sustainability

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The Covid-19 pandemic has proven to be a time of significant change for businesses globally. Organisations, across most industries, have had to adapt, overnight, to remote and hybrid working and the technological tools and process changes that reduced the friction of implementing these new ways of working.

At the same time reports on climate change accelerated the increased focus on achieving business-related sustainability objectives, especially those connected to energy management and carbon reduction. Anyone involved in the operations and maintenance of real estate should take note, as the built environment is responsible for approximately 39% of global carbon emissions.

From 2020 to 2021, the United Nations sponsored Race to Zero initiative saw 2,162 companies, 708 cities, 571 universities, 127 investors, and 23 regions join its initiative which has a goal of supporting organisational objectives to reduce their own carbon emissions by 50% by 2030 and to zero by 2050. The Race to Zero initiative began in 2020.

Carbon reduction targets, and sustainability in general, have been growing in importance for businesses for some time now. Before the Covid-19 pandemic exploded onto the scene, KPMG surveyed the top 100 businesses across 52 countries for its Survey of Sustainability Reporting 2020 research. It found that 90% of these companies have publicly available sustainability reports and that of these, 65% disclose carbon reduction targets.
But, how will any of this impact facility services providers?