Decarbonization planning and carbon management feature underscores commitment to ESG and reducing carbon emissions

Brightly Software, a Siemens company and the global leader in intelligent asset management solutions, today announced Targets, a new carbon planning module within its ESG and sustainability platform Stream, to support decarbonization planning and carbon management for commercial buildings. The feature marks a milestone in the quest for carbon neutrality and environmental stewardship.

"The addition of advanced carbon planning capabilities to Stream represents a significant advancement toward our shared goal of sustainability for commercial buildings," said Nigel Hughes, head of product at Brightly. "By empowering sustainability managers and commercial building portfolio managers with actionable insights and data-driven strategies, we are enabling them to plan, implement and monitor their decarbonization strategies to reduce emissions and empower a more sustainable future.”

Chief sustainability officers (CSOs) are pivotal in shaping ESG strategies, yet chief financial officers (CFOs) influence overall funding decisions. Stream allows users to create decarbonization measures for a specific property and estimate carbon impacts. Targets goes a step further with this data by modeling what-if scenarios to understand the multiple pathways and their impacts at the portfolio level. This insight not only provides visibility into recommendations on the best decarbonization plan for a user’s building portfolio but also aligns leadership teams and stakeholders across the organization with this shared vision.

Commercial real estate entities face complexities and risk on the road to zero net carbon emissions. By providing a powerful tool for carbon management that supports organizations in developing short- and long-term plans, Brightly empowers organizations to embrace sustainability as a core tenet of their business strategy, fostering resilience, competitiveness and long-term value creation. Targets provides the data-driven insights required to empower stakeholders to make informed decisions that align with their sustainability goals.

Key feature enhancements include:

• Measures Definition: Users can define different decarbonization measures for each building and group them into different pathways. The platform then assesses carbon emissions across entire commercial building portfolios for the various pathways, providing a detailed baseline for strategic planning.
• Scenario Analysis and Optimization: Users can explore mitigation strategies and investment scenarios to identify the most effective pathways toward carbon reduction while optimizing financial returns at the building and portfolio levels.
• Performance Monitoring and Reporting: Once a pathway is selected for a commercial property, the solution leverages Stream’s utility bill data, which gathers utility data for the building, to offer real-time monitoring capabilities, enabling stakeholders to track the progress of the selected measures against targets and generate detailed reports for internal analysis and external stakeholders.

“As the United Nations and other global organizations focus on cutting emissions, the spotlight is on cities and local communities as buildings contribute up to 40% of the world’s carbon footprint. I’m pleased to support our clients in utilizing data-driven insights to make better sustainability decisions,” said Don Kurelich, chief executive officer at Brightly. “Technological advancements empower governments and commercial buildings to transform energy consumption and maintenance efficiency for a more sustainable future. As a Siemens company, Brightly is exceptionally proud to contribute to this overarching corporate mission to support our communities and improve the world.”

The launch of Targets within Stream underscores Brightly's commitment to environmental responsibility and innovation. Brightly engaged large commercial real estate companies to gather feedback and collaborate on critical features within Targets to support clients in meeting their sustainability needs and mitigating carbon emissions. Brightly collects and manages data from more than 6,000 buildings, 250,000 annual invoices, 16,000 utility accounts and 500 vendors in North America. Clients, on average, realize 20% in energy savings after using Brightly.

Learn more about Stream, Brightly’s energy and sustainability management platform, at the BOMA 2024 International Conference & Expo July 13-16 in booth 1138.

About Brightly Software

Brightly Software, a Siemens company, enables organizations to manage the entire lifecycle of their assets, facilities and infrastructure. As the global leader in intelligent asset management solutions for more than 25 years, Brightly’s sophisticated cloud-based platform is expertly designed to improve capital planning through smarter, data-driven decision making, empower technicians to predict, prioritize and manage preventative maintenance activities, and support organizations to achieve sustainability, compliance and efficiency goals. Combined with award-winning training, legendary support and managed services, more than 12,000 clients worldwide depend on Brightly to optimize their teams, operations and strategic planning initiatives. For more information, visit brightlysoftware.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240710885025/en/