TÜV SÜD LIME (Live Measure)

Corporate sustainability practices are vital as consumers and investors are more concerned than ever about social and environmental issues. Green business operating models have positive effects on the planet, the global economy and wider society. A socially responsible organisation will therefore integrate all social and environmental performance aspects into decision-making processes. However, companies currently face a complex maze of sustainability challenges due to legal requirements, markets demands and expectations of investors, business partners. This includes managing and disclosing the risks and opportunities arising from social and environmental issues along value chains, as well as the impact on people and the environment.

Enhance competitiveness and mitigate risks

Effective ESG (Environmental, Social, and Governance) data management is essential for companies wanting to enhance competitiveness and mitigate risks, while making a positive contribution to society and the environment. However, ESG data management is highly complicated due to the diversity and quality of ESG data, lack of standardisation, complexity of ESG issues, integration with business processes, stakeholder expectations, and the need for continuous monitoring and reporting.

Political, financial, insurance and internal ESG factors are becoming increasingly critical for the commercial property industry, with three core levels of ESG data management that must be addressed:

• Enterprise Level: 96% of S&P 500 companies have published an ESG report. In the EU, ESG reporting is compulsory for emerging market companies and the introduction of a mandatory standard is fast approaching.

• Portfolio Level: Impact of full investment and generation of Level 8 or Level 9-based funds.

• Asset Level: Data is collected at the individual asset level to ensure accuracy. Tangible inputs create holistic value and improve portfolio, fund and company performance.

The power of continuous ESG due diligence

Continuous management and due diligence of ESG data is essential for companies wanting foresight of emerging ESG risks, so they can identify potential threats early and take proactive mitigation actions.

Continually monitoring ESG performance enables companies to deal with issues promptly, thereby minimising reputational damage and maintaining stakeholder trust. By keeping up to date with the evolving regulatory landscapes, they can also be assured they are fulfilling the latest compliance obligations.

Continuous due diligence also ensures that the most accurate and up-to-date ESG information can be shared with investors, thereby enhancing market confidence and attracting capital. Companies can also more effectively assess the ESG performance of their suppliers, identify potential supply chain risks, and liaise with them to make improvements. Resilience and sustainability throughout the value chain is therefore assured.

TÜV SÜD LIME

To successfully address these challenges a holistic and continuous management approach is required. TÜV SÜD’s LIME service comprises an ESG performance portal that offers continuous management of ESG data for your properties, as well as providing the continuous ESG due diligence. The three essential elements of the service include:

1. Initial assessment – using digital tools to simulate current buildings, LIME creates a customised building improvement strategy.
2. Continuous management – LIME analyses and assesses potential and realistic improvements, including the review of audit results to ensure continual improvement against standards.
3. Intermittent reporting - LIME provides an ESG performance report, supported by a periodical repeat audit to ensure continual compliance.

LIME harnesses the power of three core elements to actively enhance effective ESG data management on a continual basis.

• Combined on-site reviews and simulations
• Real-time data
• Big data for natural hazards

Why use LIME?

TÜV SÜD’s LIME service is created by our global team of experts that have an insightful understanding of how ESG data can be best exploited to gain valuable insights into your business and value chain. Benefits include:

• Highest quality ESG data – generated through a combination of on-site visits and cutting-edge technology
• Customised checklist - LIME’s bespoke reporting function will help you achieve specific sustainability targets.
• ESG compliance – through continuous reporting, management and accurate forecasting.
• Energy efficiency tracking – for continual improvement and early failure identification.
• Aggregated portfolio statistics – for more effective compliance management.
• Access to technical advice - provided by TÜV SÜD specialists.

Discover how TÜV SÜD LIME empowers building owners with a powerful data management platform to seamlessly manage and optimise ESG goals and building performance—watch our demo video!