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Right strategy, right technology are key to ESG success

Right strategy, right technology are key to ESG success
The last couple of years have been a turning point in many ways, particularly when it comes to climate and social inequality, and many organizations are using Environmental, Social and Governance (ESG) to help guide their future. If your organization is currently working on an ESG strategy, you are definitely ahead of the curve. If you are part of a company that has yet to invest in ESG, it is important to realize that it is here to stay. The changing societal views have resulted in governments worldwide beginning to install regulations that make an ESG strategy necessary. Increasingly, earnings calls for an organization cannot focus solely on financial statements and require a look at ESG performance as well. ESG success can only be obtained if a company has the right strategy and technology in place. These are just a few of the issues I covered in a recent discussion with Multi-Housing News. An organization first must look at its portfolio and then decide what type of ESG company it wants to be, such as an ESG-first organization. It will then need to develop a strategy that brings it to that goal. ESG has financial impacts on properties When seeking financing for multifamily housing projects, ESG plays a vital role in the terms a builder can obtain from lenders, and it opens the door to a pool of investors who might otherwise not consider the project. Organizations with projects that are more environmentally friendly have an opportunity for lending earmarked strictly......
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Bang for the Buck: Smart Home Technology with the Best ROI

Bang for the Buck: Smart Home Technology with the Best ROI
  The purpose of smart home technology is to create efficiencies, and ideally, those efficiencies should generate a substantial return on investment (ROI). However, that ROI comes in many forms, sometimes making it difficult to measure or quantify.While some smart home tech has a linear and tangible impact on bottom lines and operating budgets, other products produce their ROI through preventive capabilities or marketable features. So, which smart home devices deliver the biggest bang for the buck? We’ll review four smart home products with the greatest potential ROI in the multifamily space, regardless of how it is defined.Leak and Humidity SensorsOf all the various systems coursing through an apartment community, plumbing has the greatest potential for property damage. The source of a water leak can be tricky to locate and water is capable of carving out paths of destruction one would not expect. An undetected leak in an upper level apartment can result in tens of thousands of dollars in damage in mere minutes, leading to weeks of mitigation work and lost revenue. Leak sensors – placed under or near washing machines, dishwashers, toilets, sinks, water heaters and sump pumps -- are the first line of defense. When a leak is detected, automatic alerts are sent out to designated personnel enabling an immediate response. With water leaks or broken water lines, every second matters. A prompt response can mean the difference between deploying a mop, or flooring and drywall removal. Smart thermostats equipped with humidity monitors can also identify and report abn......
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