CINCINNATI, July 9, 2024 /3BL/ – The Fifth Third Foundation today announced a three-year, $300,000 grant to the Women’s Business Enterprise National Council (WBENC) LIFT Financial Center of Excellence, which provides women business owners with comprehensive financial support and resources, including education, coaching, networking and funding opportunities.

“Fifth Third has a long-standing commitment to advancing inclusion for small businesses and improving the well-being of our communities. We believe that our communities are stronger when all business owners have access to capital, tools and other resources they need to thrive,” said Carla Cobb, vice president and director of supplier diversity for Fifth Third Bank. “This support from the Fifth Third Foundation will provide important funding to enable WBENC to support more women in growing their businesses.”

WBENC is the nation’s largest certifier of women-owned businesses and a leading advocate for women business owners and entrepreneurs. The LIFT Financial Center of Excellence was founded with a mission of advancing gender parity for women entrepreneurs through financial education and funding opportunities. Since its inception, LIFT has collaborated closely with WBENC Corporate Members to foster programming that enables women business owners to succeed in accessing capital and achieving financial scalability.

“We are proud to support this endeavor and the work of the Women’s Business Enterprise National Council. This much-needed resource for female entrepreneurs is essential and it ultimately builds stronger communities,” said Heidi Jark, senior vice president and managing director for the Fifth Third Foundation.

The grant from the Fifth Third Foundation, which will be administered over three years, will support programming that connects business owners directly with financial experts to support their growth.

“The Fifth Third Foundation grant to the WBENC LIFT Financial Center of Excellence will significantly amplify our ability to provide financial education and funding opportunities to women-owned businesses,” said WBENC President & CEO Pamela Prince-Eason. “We applaud Fifth Third Bank’s ongoing dedication to fostering the growth and development of women-owned and small businesses across the country.”

About the Fifth Third Foundation

Established in 1948, the Fifth Third Foundation was the first charitable foundation created by a financial institution. The Foundation supports worthy causes in the areas of health and human services, education, community development and the arts in the states where Fifth Third Bank operates.

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.    

Fifth Third Bank, National Association, is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.

CINCINNATI, July 9, 2024 /3BL/ – Fifth Third proudly announces that the George A. Schaefer, Jr. Madisonville Operations Center in Cincinnati, Ohio, has achieved the U.S. Environmental Protection Agency’s ENERGY STAR certification for outstanding energy performance.

This certification adds an additional 460k square feet, bringing the Bank’s total Energy Star-certified space to more than 1.2 million square feet. With an impressive ENERGY STAR Score of 79, the Madisonville Operations Center outperforms 79% of comparable properties nationwide, meeting stringent energy efficiency standards set by the EPA.

This Madisonville Operations Center is Fifth Third’s 150th building to earn an ENERGY STAR rating, reflecting a legacy of sustained energy savings and overall commitment to environmental sustainability.

“This milestone is a significant step in Fifth Third’s ongoing commitment to reduce energy usage across our 11-state footprint,” said Thomas Neltner, head of enterprise workplace services for Fifth Third. “We are proud to have reduced our portfolio-wide energy usage by 45% over the past decade, and we continue to deploy new technologies and processes to help operate all of our facilities more efficiently.”

Fifth Third has committed to reducing energy use by 40% by 2030. The bank exceeded that goal last year, achieving a 45% reduction in energy usage since 2014 through improved use of space and the sustainability of new construction, renovation and facility-related operations and maintenance practices, including adding advanced building control technology to more than 600 locations.

“We are honored to earn an ENERGY STAR rating for superior energy performance at our Madisonville Operations Center. Saving energy is one of the many ways we show the community that we care and that we’re committed to doing our part to protect the environment both today and for future generations,” said Jeremy Faust, environmental sustainability director for Fifth Third.

On average, ENERGY STAR certified buildings and plants use 35 percent less energy, cause 35 percent fewer greenhouse gas emissions, and are less expensive to operate than their peers—all without sacrifices in performance or comfort.

“Improving the energy efficiency of our nation’s buildings is critical to protecting our environment,” said Cindy Jacobs, Chief of the ENERGY STAR Commercial and Industrial Branch. “From the boiler room to the board room, organizations like Fifth Third are leading the way by making their buildings more efficient and earning EPA’s ENERGY STAR certification.”

To date, tens of thousands of buildings and plants across all fifty states have earned the ENERGY STAR. For additional details on ENERGY STAR for Buildings, visit www.energystar.gov/buildings.

About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.

About ENERGY STAR 
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations — including nearly 40% of the Fortune 500® — rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $500 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR’s impacts.

###

CONTACT 
Amanda Nageleisen (Media Relations) 
amanda.nageleisen@53.com 
Matt Curoe (Investor Relations) 
matt.curoe@53.com | 513-534-2345

Created the Responsible AI Committee in FY2022/23 and has built a 7-pillar governance framework to evaluate AI innovation across its pocket-to-cloud portfolio.Made progress toward and is on-track to meet its 2030 emissions reduction targets, in alignment to the Science Based Targets initiative’s net-zero standard.Reported an industry-leading 29% representation of women in technical teams, fueling innovation and its smarter technology for all vision.

July 9, 2024 /3BL/ – Lenovo (HKSE: 992) (ADR: LNVGY) has published its 18th annual Environmental, Social and Governance (ESG) Report, further demonstrating its commitment to being a responsible corporate citizen with a vision to provide smarter technology for all. In this year’s report, the global technology powerhouse shared its progress toward 2030 emissions reduction goals, increased participation in the circular economy, industry-leading representation of women in technical roles 4, increased employee volunteerism, and proactive governance of AI as it works to become the leading provider and enabler of smarter AI.

“AI has brought unprecedented opportunities over the last year,” shared Yuanqing Yang, Chairman and CEO of Lenovo. “It is clear that AI will be a major priority and influence in our business for years to come and we recognize our duty to leverage this technology to improve the lives of people around the world while minimizing its impact on the planet.”

Lenovo first announced its smarter AI for all vision at Lenovo Tech World in October 2023. Since then, Lenovo has launched an AI-enabled solution for real-time tracking of its manufacturing emissions, an AI-powered engine to give customers insights on their IT emissions, and numerous social impact initiatives to support communication for people with hearing loss, preserve the voice of an individual suffering from ALS, connect non-profits to trusted resources for AI, and ensure its own AI solutions are reviewed for inclusion and accessibility, among other responsible AI factors.

The proactive governance in place for the quickly emerging AI field underscores Lenovo’s long-standing commitment to governance across its environmental affairs and social impact programs. Lenovo is in the first group of companies to have its near-zero targets validated by the Science Based Targets initiative’s Net-Zero Standard and is on-track to meet the first milestone in its journey to net-zero: near-term 2030 emissions reduction goals. The company has made progress towards its 2030 goals to reduce scope 1 and 2 emissions by 50%, and Scope 3 emissions intensities by 66.5% from purchased goods and services, 35% from sold products, and 25% from upstream transportation and distribution.

Lenovo continues to increase its participation in the circular economy, increasing use of sustainable materials and asset recycling and disposal. Since 2017, Lenovo has grown its reuse and recycling of products by nearly 40%¹ through its product take-back programs². Lenovo has reused or recycled more than 94,000 metric tons of products¹ through PELM programs² – Since 2020 – the same weight as 87 million ThinkPads³.

In addition to environmental impact, Lenovo is working to increase diversity, inclusion, and access to technology internally and externally. Lenovo has reported 29% representation of women in technical roles in this year’s report, leading the industry in women’s representation on technical teams4. Lenovo continues its pursuit of increasing diversity in its executive ranks, working to reach 27% women representation around the world and 35% representation of historically excluded talent in the U.S. by FY2025/26. With customers in 180 markets around the world, diversity has always been core to Lenovo’s business success “Workforce diversity not only supports stronger solutions to problems, but it helps us better meet the needs of our diverse, global customer base,” shared Laura Quatela, Senior Vice President and Chief Legal and Corporate Responsibility Officer for Lenovo.

Lenovo is focused on sharing its smarter technology with the community and reported USD $21M in philanthropic impact around the world. Lenovo’s global employee base is core to this mission, with employee volunteerism increasing by 40% during the annual Love on Month of Service in 2023. Lenovo’s philanthropic work underscores the company’s smarter technology for all vision and smarter AI for all focus through initiatives like the AI for Social Impact webinar series, Ashoka changemakers partnership, and partnerships localized to meet the needs of communities around the world.

Lenovo’s ESG experts align its corporate strategy to various frameworks and standards, and is honored to be recognized by leading ratings, rankings, and indices throughout the year.

In FY2023/24, Lenovo committed to the United Nations Global Compact’s Forward Faster Initiative, aligning to goals focused on climate action and water resilience.Lenovo maintained its AAA status on MSCI’s ranking and was awarded the strongest score in the IT industry for environmental and social achievements in the Hang Seng Corporate Sustainability Index, receiving an AA score overall.2023 was the eleventh year that Lenovo was recognized by Hong Kong Institute of Certified Public Accountants’ Most Sustainable Companies and Organizations section of the Best Corporate Governance and ESG Awards, receiving a Gold Award.Lenovo was also honored to be named as a best place to work for disability inclusion by Disability:IN, maintained its placement on the Human Rights Campaign’s Corporate Equality Index for LGBTQ+ Inclusion, and received the highest score to date for Workplace Prides’ Global Benchmark Score.These recognitions were further underscored by Lenovo being ranked #10 on Gartner’s Top 25 Global Supply Chains ranking, receiving the Sustainability Champion Award for 2023 by Canalys, and being named one of Fortune Magazine’s Most Admired Companies.

Explore Lenovo’s global impact on our interactive ESG Map, and read more about Lenovo’s Environmental, Social and Governance performance in the FY2023/24 ESG Report.

¹ Based on CY 2022 product recycling data: https://www.lenovo.com/us/en/sustainability-product-recycling/ 
² Consumer and commercial take-back programs 
³ Based on total weight of ThinkPad X1 Carbon Gen 12 at 1.09kgs/2.42 lbs: https://www.lenovo.com/us/en/p/laptops/thinkpad/thinkpadx1/thinkpad-x1-carbon-gen-12-(14-inch-intel)/len101t0083 
4 Based on published data from competitors and peers 

About Lenovo

Lenovo is a US$57 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a pocket-to cloud portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub

CINCINNATI, July 9, 2024 /3BL/ – Fifth Third has been recognized by DiversityComm Magazine as a 2024 Top Diverse Employer for its excellence in outreach and accessibility to minority groups, veterans, women, individuals with disabilities, and the LGBTQ+ community.

“At Fifth Third, we aspire to create an intentionally inclusive, diverse and thriving community,” said Chief Inclusion Officer Stephanie A. Smith. “We strive to provide an environment in which each employee feels valued, respected and understood, and we pride ourselves in bringing our authentic selves and our best thinking into the workplace.”

Fifth Third’s inclusive employment practices include a robust network of nine Business Resource Groups that empower employees to advance inclusion efforts and to access development opportunities, support business solutions and get involved in the community.

“Creating a culture of belonging and connection where employees feel cared for and valued is critical to our success and ingrained in our core values,” said Chief Human Resources Officer Nancy Pinckney. “We believe that inclusion creates the opportunity for all to thrive.”

Fifth Third is also a longtime supporter of Project SEARCH, a one-year program that helps high school students with disabilities transition into the workforce. Since the program’s inception in 2005, Fifth Third has trained 407 individuals, including 34 current employees, as one of 700 Project SEARCH locations worldwide.

DiversityComm’s Best of the Best Companies for Diversity is an annual list of companies that are leading the way in promoting diversity and creating inclusive work environments.

The list features companies from a range of industries that are committed to recruiting, retaining, and promoting a diverse workforce. The magazine’s methodology includes reviewing surveys and compiling independent data from various public sources such as 10-K Annual Reports, reader feedback, market studies, interviews, community engagement, and participation in conferences.

Fifth Third’s inclusive employment practices have consistently been recognized for excellence, including:

Achieved 100 score on the Corporate Equality Index administered by the Human Rights Campaign Foundation for eight consecutive years.Achieved 100 score on the 2023 Disability Equality Index and named one of the Best Places to Work for People with Disabilities.Named among 2023 Forbes Best Employers for Diversity.Named among 2023 America’s Greatest Workplaces for Women by Newsweek.Named among 2024 America’s Greatest Workplaces for LGBTQ+ by Newsweek.

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.

About DiversityComm Magazine

DiversityComm Magazine is one of the nation’s fastest-growing magazines, promoting the advancement of diversity in all aspects of business and employment to ensure equal opportunity.

###

CONTACT 
Amanda Nageleisen (Media Relations) 
amanda.nageleisen@53.com 
Matt Curoe (Investor Relations) 
matt.curoe@53.com | 513-534-2345

With the start of summer heat comes a renewed focus on Environment, Health, and Safety (EHS) programs in workplaces. There’s no better time to focus on summer safety topics for the workplace with hazards like unpredictable weather, heat stress, and biological hazards with different bugs and critters coming out.

In this micro-training, we’ve outlined some of the top concerns to put your feet to the fire on safety awareness —from hazardous or poisonous bugs and reptiles to signs of heat exhaustion, and more—as well as tips and tricks for getting everyone at your company reinvigorated around EHS topics this summer.

Learn more and watch the training here!

Originally published in FedEx’s 2023 FedEx Cares Report

Introducing Picture Proof of Planting

In 2023, FedEx launched Picture Proof of Planting to engage team members in conservation efforts worldwide. Over 300 employees participated in tree plantings across various cities, addressing urban heat, promoting health, and restoring ecosystems. FedEx is investing over $2 million in 50 urban conservation projects with One Tree Planted, Arbor Day Foundation, and National Fish and Wildlife Foundation through May 2024.

Canada: FedEx Montreal, in collaboration with GRAME and One Tree Planted, launched the 2023 Picture Proof of Planting campaign at Paul-Jarry primary school. By removing asphalt and planting trees, the project enhanced the area’s aesthetics, diversity, and water management.

Colombia: FedEx team members joined Fundación Red de Árboles to plant native trees along the Rionegro River near Medellin Airport. Volunteers planted 140 trees, benefiting water conservation, urban cooling, and community well-being in the Antioquia region.

Singapore: FedEx worked with The Arbor Day Foundation and Garden City Fund to plant 80 trees in Singapore. This project contributes to Singapore’s OneMillionTrees movement, dedicated to enhancing urban environments and building resilience against climate change.

Turkey: FedEx Istanbul organized its first tree planting activity with the Arbor Day Foundation and Aegean Forest Foundation. Volunteers planted 41 trees, and FedEx funded 7,000 more saplings. This initiative boosts sustainability and supports socioeconomic development by employing local villagers – mostly women – to maintain the trees for the next three years to ensure their survival.

Spain: FedEx team members gathered near Madrid to help plant 600 trees, shrubs, and plants along the Arroyo Meaques River. Collaborating with the Arbor Day Foundation and Arbocity, the project aims to revive the degraded area, fostering social and environmental well-being.

It was a feeling of freedom, friendship, solidarity and commitment to take care of our planet thanks to FedEx Cares.

José Félix Gómez

Worldwide Sales Local Manager, Spain

Celebrating 15 years with NFWF

FedEx and the National Fish and Wildlife Foundation have worked together since 2009, supporting community-based conservation projects in U.S. cities. Over 15 years, we’ve engaged 5,080 FedEx volunteers along with 735,000 community members to restore 5,130 acres of habitat and plant 388,000 trees to restore environmental health in urban areas. Learn More

Read more

Click here to learn about FedEx Cares, our global community engagement program.

Northern Trust has released its latest Sustainability Report, highlighting efforts to create better and more sustainable futures for our employees, clients, shareholders, communities and the world we live in.

“Ethical business practices, risk identification and mitigation and caring for our communities are fundamental to our core strategy as a responsible business,” Chairman and Chief Executive Officer Michael O’Grady and Kimberly Evans, Head of Corporate Sustainability, Inclusion and Social Impact, said in a joint message to stakeholders.

“As we have for the past 135 years, we continue to invest in the well-being of our employees and surrounding communities by helping them meet their needs and respecting their human rights,”

Northern Trust made significant progress in 2023, including:

Maintaining an outstanding Community Reinvestment Act (CRA) rating for the 28th consecutive year, reflecting a community development and investments portfolio that exceeded $4.6 billion.Supporting more than 900 charities worldwide and mobilizing employees around the globe to support their desired causes through more than 106,000 hours of volunteerism.Joining the United Nations Global Compact and its Ten Principles focusing on human rights, labor, environment and anticorruption.Increasing its diverse supplier spend from 6 to 10 percent of the total dollar amount spent for the procurement of products, goods and services in the organization.Enhancing climate risk management capabilities, including reducing our energy consumption by 27 percent and started implementing Energy and Environmental Management Systems (EMS), beginning with our offices in Europe and the Middle East.Continuing to advance diversity, equity, and inclusion, as a material sustainability topic for the firm, with a focus on our inclusion strategy and future outcomes.

“Looking to the future, we will continue to find opportunities to make a positive impact and contribute to a more sustainable future for all by working together with our stakeholders,” O’Grady and Evans said in their opening message to stakeholders.

Media Contact:
Doug Holt
(312) 557-1571

Read More

Flooding, one of the most dangerous natural disasters, is becoming increasingly prevalent due to climate change. Millions of people around the world are impacted by floods and the effects stretch far beyond the physical destruction. This episode features interviews with experts Andreas Deckelmann, Senior Consultant for Hydrogeology and Environment at HPC; Jon Rix, Principal Flood Risk Consultant at Tonkin + Taylor; and Agenor Freitas, Field Technician at Antea Brasil. They share their harrowing experiences during devastating floods in Germany, New Zealand, and Brazil. They also discuss the innovative solutions and strategies they are developing to help communities mitigate the effects of disasters like floods. Despite adversity, their stories of courage and community support offer not only hope and inspiration, but also invaluable insights for a more climate resilient future.

Listen Now:

Apple: https://podcasts.apple.com/be/podcast/rethinking-ehs-global-goals-local-delivery/id1741016993

Spotify: https://open.spotify.com/episode/2OveBn2Pk5N2ytHdtpVvOe

By Yan Tai

When you meet Judit Sánchez González, you realize quickly how both her passion and expertise have helped shape her journey in sustainability. Based in the vibrant city of Madrid, Judit is a senior sustainability consultant at Savills Spain, where she merges her training in architecture and engineering with a keen understanding of the Spanish real estate market. Her work is often focused on guiding clients on their own journeys to become leaders in health and well-being by using the WELL Building Standard to improve occupant health and boost ESG performance. Her career is a testament to her dedication and adaptability, consistently delivering her best in every project she undertakes.

“My passion is sustainability,” says Judit, and it’s evident in all facets of her work. As a key member of Savills property management team, she works directly with clients and other project agents to conduct market analysis, craft strategic plans and ultimately help them achieve better working environments. For Judit, helping clients advance healthy building best practices through WELL is all about fostering a culture of health leadership and environmental stewardship in Spain’s real estate sector.

Recently, we had a chance to sit down with Judit to discuss her journey, insights and innovative projects that she’s spearheaded in the Spanish market.

Q: What kind of trends are you seeing in the wider real estate market in Spain, in regard to the healthy building movement?

At Savills, I have been able to work on all kinds of projects that have allowed me to understand the current trends in the Spanish market, as well as emerging ones. At the asset level, organizations have a long history of looking to maximize cost savings through efficiency and environmental leadership, which creates great value. But increasingly organizations realize they need efficiency and a focus on health and well-being , so that not only is the workplace efficient, it’s also people-centered. At the corporate level, organizations are increasingly demanding this type of space where they can align their ESG strategies with the type of workspaces they are delivering. At this point, it’s difficult for office buildings located in the prime area of Madrid to be competitive without WELL Certification, so when they require renovation or other interior work, many of these properties use that opportunity to pursue the certification.

Another trend in business parks on the outskirts of the Madrid city center, as is the case of NEOS20, is having health features, ample nearby services and public transportation, which is strongly aligned with aspects of WELL Certification. As they are outside the urban core of Madrid and are large spaces, they prioritize the use of common areas, which promote health and sustainability. And notably, it’s tenants that value WELL Certification and are the ones who continue to drive demand, which will make more and more assets want to adopt these characteristics.

Q: As a quick follow up, how are organizations in the Spanish market responding to a rapidly evolving workplace landscape?

The challenge of this era is to develop offices that attract employees where they can work comfortably, be healthy and happy, and have their needs within reach. By achieving that, the company is helping support increased productivity and therefore profitability and a strong return on investment. In addition, it helps them attract top talent by showing, often through WELL, that they value the health of their employees.

Q: Why did Aríma, a major real estate company in Spain, choose to pursue WELL across various project types?

Arima is striving to be a market leader, in sustainability, health and connectivity. They have pursued leading certifications in the market, such as WELL, LEED, BREEAM and WIREDSCORE. Through investment and commitment, they seek to obtain the highest possible level of certification. They want what’s best for occupants and their tenants, while also meeting their strong commitment to ESG objectives. WELL helps them do all of those and is reflected in how they approach their real estate decisions.

Q: What makes Arima’s HABANA Building a unique project in the Spanish market?

Habana Building project achieved Platinum level WELL Certification, demonstrating its world-class commitment to health and well-being. By prioritizing health, the project really set itself apart. As an existing building that underwent a complete renovation, the project was carried out in a way that health and sustainability certifications were integrated from the beginning. There are so many standout features. One is the biophilia, which is a very present throughout the project, from wood elements in all the common areas, to the use of plants and wood in other parts the building. But most of all, it is clear that the people inside were the organization’s priority at the time of strategy development and it shows in the final product and through the WELL achievement.

Q: How is the role of improving ESG performance affecting the market?

The companies that occupy office buildings are the ones who are increasingly demanding spaces that are attuned to health and well-being. We also see the clear evolution of the office building market where, in addition to energy certifications, and health leadership, like WELL Certification, can help support the social aspects of ESG. And that helps companies align their corporate ESG strategies with how their buildings are positioned to support their most valuable asset, their people. I believe Spanish companies as well as any company with operations in the EU will find the alignment even more important when they start reporting in 2025 under the newly-enacted European Sustainability Reporting Standards (ESRS) framework. Achieved WELL features can help support many topical areas required for ESRS disclosure, especially within the Social pillar.

Q: What are some successes you’ve seen as they relate to the WELL process?

For me a great success of the WELL Certification is the pre-certification phase, obtaining this seems to me fundamental for all projects. It gives us a vision of where the project is and if there are other strategies to attain more features in the final phase. From SAVILLS, we encourage all our clients to pursue this milestone and find ways to achieve even higher levels of certification. This phase also establishes a moment of collaboration between all the agents of the project at a very early stage. This is a very important milestone for the commercialization of the assets and implies a commitment from the property to meet the proposed objectives.

Another important area to highlight is the Performance Verification, where much of the work culminates through evaluation and testing. This is an exhaustive evaluation that gives value to the certification and is what the future occupants of the buildings demand.

Q: What future projects will emerge in the Spanish market?

More future WELL projects will be residential, senior living and hotel projects. If we are looking for offices focused on people, the logical trend is that in the same way users will look for homes with these features. Every day we are more aware of the time we spend inside buildings and how our indoor environments affect our health.

I would like to highlight a segment that I think is very important to have WELL certification, and this is the residences for the elderly. These are places where our elders spend most of their time, and these spaces should show leadership in health. The hotel sector is another big opportunity for this certification. For holiday tourists looking for a place to rest and the many business travelers, it’s important that these facilities are attuned to well-being.

View original content here

Download the Schneider Electric™ Sustainability Research Institute report

Buildings are today responsible for 37% of emissions when considering both direct and indirect emissions (United Nations Environment Programme, 2022), and should be at the core of decarbonization policies worldwide. Still, we remain in a deadlock as highlighted in our previous research (Petit V. , 2022).

Decarbonizing buildings is possible

The Intergovernmental Panel on Climate Change clearly highlighted however that solutions are readily available (IPCC, 2022). Net-zero buildings are emerging as a solution to tackle climate change and reduce energy demand. These buildings, while not yet mainstream, strive to achieve a balance between the energy they produce on-site, often through renewable sources, and the energy they consume (Figure 1). This balance is achieved through maximizing energy efficiency measures and electrifying building systems like heating and cooling. Any remaining energy needs are then typically met through a low-carbon electricity grid.

A first of its kind analysis

The aim of this new report is to propose a close to real life analysis of the combined deployment of a heat pump, a building (or home) management system1, a rooftop PV and a stationary storage solution on a broad set of buildings, across different segments and regions.

Academic research has been traditionally focusing on either one or two technologies (and their varied impact across multiple geographies), or a larger combination of technologies within a given building asset. None has really combined both (Keiner, 2019), (Revathy, 2022), (Kun, 2022), (Kleinebrahm, 2023), (RMI, 2022), (Forero-Quintero, 2023).

This study is thus to our knowledge the first one encompassing such a wide combination of assets, building segments, geographies, taking into account real-life dynamic tariff structures, weather and CO2 data, as well as regional capital and operational expenditures of the deployed assets.

Optimization strategy options (peak management can apply with any of them) – Table #1.

 Energy BillCO2 emissionsPaybackBill reduction strategy (this study)OptimalNot optimal as not selecting electricity at time of lowest CO2Not optimal as selecting oversize PV/batteryCO2 reduction strategyNot optimal as not selecting the lowest grid priceOptimalNot optimal as selecting oversize PV/batteryPayback reduction strategyNot optimal as selecting smaller PV/battery associationNot optimal as selecting smaller PV/battery associationOptimal

We combine 3 original aspects:

A fine segmentation: We consider specific building archetypes with their individual load, rooftop solar potential, and regional factors like weather patterns, local technology performance and costs, and dynamic electricity tariffs.A sequential optimization: Dispatch optimization simulation: We simulate building energy consumption on a 15min basis for a complete year. This incorporates a pre-defined microgrid management strategy using a model predictive control approach.Design optimization process: We select the best PV/battery combination among different tested options to achieve the optimization goal.A grid impact analysis: The simulation not only provides overall carbon emissions and energy consumption and costs, but also the complete annual load profile which helps assess the resulting impact of these measures on the power grid.

Focusing on a bill reduction strategy

From an optimization perspective, the strategic goal focused on here is to minimize the customer’s energy bill, as this is typically a key concern. Different strategies exist however such as reducing CO2 emissions, shortening payback period, managing peak load (maximum grid import), or a mix of all of them. Different optimization strategies would lead to different sizing for photovoltaic and battery systems, and different results.

Table #1 summarizes the key differences between different optimization approaches:

Bill optimization: This strategy aims to directly use or store (using the battery) as much PV energy as possible while minimizing grid imports, purchasing electricity only when it is most affordable. This approach leads to larger PV and battery sizes, as investment cost isn’t prioritized, potentially resulting in a longer payback period.CO2 optimization: Like bill optimization, CO2 optimization prioritizes minimizing grid imports given its dynamic carbon intensity, regardless of cost.Payback optimization: This strategy focuses on achieving a specific payback target (either through maximizing internal rate of return or minimizing net present cost). It balances capital expenditure (capex) and operating expenditure (Opex) to find the optimal PV/battery combination2.Peak management: This strategy focuses on capping the maximum amount of power that is either drawn from the grid or supplied to it (when excess PV is available). While we speak of an optimization strategy, this peak management is applied as a constraint in our simulation in one of the 3 previous ones.

To access the rest of the findings and the full report, click here.

1. The focus of this study was on selecting energy conservation measures with reasonable paybacks, so discarding insulation in retrofits. Efficient insulation is taken de facto for new constructions through standards upgrades.
2. The size of the PV and especially the battery will generally be reduced

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.