Legence will continue to benchmark each facility in ENERGY STAR® Portfolio Manager® and onboard new facilities to track and manage our building data. We have set up auto benchmarking where available to reduce errors, improve accuracy, and streamline our utility data collection.
Legence is using data from our annual GHG Inventory to map emissions and track progress towards our goal to achieve net zero status by 2040. We are using the inventory to better understand our operations and help prioritize investments in operational efficiency and procurement.
Business units across Legence use Onriva, a centralized online travel booking platform, to track and manage scope 3 emissions from employee business travel.
We are implementing an ESG Program to help new companies integrate into Legence’s ESG strategy. The program includes guidance on tracking and reporting operations data for use in our annual GHG Inventory and avoided emissions accounting, incorporating best practices, and driving both efficiency and sustainability into operations. Legence uses Trove™, a data-driven tech-enabled web-based platform that helps optimize building performance and manage risk.
Legence developed a transition strategy to electrify our fleet of vehicles as electric vehicles (EVs) become more widely available and are developing a company-wide policy for EV purchasing. Legence is looking to tap into incentives from the IRA to grow the number of EVs and charging stations in use across our operations.
We strive to certify and maintain environmental certifications for company-owned facilities, in addition to partnering with landlords on leased properties to promote sustainable building performance, maintenance, and design.
Legence has engaged JLL to help manage leasing across our business units to get a better view of our lease agreements. We are looking to add data-sharing clauses in all new and renewing leases in order to obtain actual consumption metrics that we can confidently benchmark and manage.
Legence is developing a decarbonization plan that provides a framework to achieve net zero while continuing to grow sustainably as a business. Legence has engaged a vendor to strategically support our decarbonization journey and complete a green power procurement opportunity assessment in 2024. This will help drive progress toward our goal to procure 100% renewable energy at all facilities.
We are assessing the feasibility of off-site renewable energy sponsorships that can help us reach our carbon neutral and Net Zero goals.
We utilize renewable energy credits (RECs) as a last resort after exhausting all operational efficiencies and maximizing green power procurement. We will work with our vendor partner to source environmental certificates needed to offset any remaining emissions from our value chain to achieve carbon neutrality, starting this year.
We have the potential to explore opportunities for direct sponsorship of renewable energy, carbon removal, or mitigation projects to take us the last mile on our road to net zero.
Legence has made incremental progress toward purchasing green power with a commitment to purchase 100% renewable energy for our operations. As a precursor to that commitment, we have conducted a cost analysis to identify the total investment needed to attain 100% green power and have identified a vendor that can help us move this strategy forward in 2024 and beyond.