ESG & the Triple Bottom Line with Utopi

Environmental Social and Governance (ESG) as a solution in Health and Social Care is still quite unknown, with many Care Homes and Healthcare Facilities not having a clear understanding or strategy in place.

But what if we were to tell you that value in ESG sits along the value chain? For investors and asset owners, ESG can be all about Green Finance and accessing funds through ESG alignment, for operators and front-line staff it’s about being able to understand impact and always prioritise resident wellbeing, and for the residents themselves and their loved ones it’s about making sure the best care is always paramount throughout later life.

So, if ESG is a solution to the very real threat of climate change and it can help drive the triple bottom line of people, planet, and profit – what is the context for Health and Social Care?

The experts at Utopi (the specialist ESG technology for multi-tenant real estate) break it down:

1. People: Attract the best talent.

With the core of Health and Social Care being people, it makes sense to start here, and ESG helps people across the value chain:

• Residents – When it comes to patients and residents, their wellbeing is priority number one. So, in the context of ESG, it’s all about driving insights that can help understand their wellbeing; and then armed with that data it’s about being accountable for positive change.

• Front-line Staff – With attracting and retaining staff being a difficulty for all areas of Health and Social Care, it’s key to understand that ESG can be a great way to get the best team on board. Millennials especially post-covid are attracted to organisations who have a clear ESG strategy and are actively prioritising positive change.

• Operators and Managers – A strong ESG strategy also brings huge benefits for Operations teams and Managers of Health and Social Care real estate. The saying ‘knowledge is power’ comes to mind here, and ultimately the ability to use real-world data to enhance ESG alignment can bring about positive change, cost reductions and operational efficiency.

2. Planet: Improve ESG performance by 20%.

When it comes to ESG, the core principle of environmental responsibility is driving us closer to net zero carbon; and of course, reducing the impact of climate change. In 2023, CQC ratings have changed to reflect this increased encouragement on ESG alignment, and Utopi ESG technology can ensure you have the data required to report on ESG performance and boost those all-important CQC ratings.

3. Profit: Reduce costs and emissions by 20-30%.

Investors and financiers are increasingly interested in businesses that actively manage their environmental and social risks, while delivering sustainable value. Utopi ESG technology collects the data required to gain improved scoring on asset level certifications such as GRESB, BREEAM, Fitwel; and is proven to reduce energy costs by 20%-30% through benchmarking and impact measurement that drives meaningful action.

So, are you in charge of your real estate’s ESG performance? are you driving towards net zero? Utopi is the solution.