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Offices keep
control of the future I
It takes more than a desk to attract people into the office these days. In fact, the future of offices is still being determined. Here Toby Horne, Siemens Infrastructure Financing Partner, SFS UK, looks at the pressures facing office transformation today and the finance solutions that make digitalisation possible
Toby Horne, Siemens Infrastructure Financing Partner, SFS UK
n the aftermath of the pandemic, the regular 9-5 has been disrupted. The migration to working from home allowed businesses to continue functioning under lockdown, but the lifting of restrictions has not prompted a mass-return to the office as some may have expected. Instead, for many companies hybrid working is here to stay. Not only have building owners contended with a period of relatively empty building stock, but there are also new pressures relating to energy targets and building efficiency that are coming into play. Countries around the world are taking increasingly stringent approaches to decarbonisation in the pursuit of carbon neutrality. Given that buildings can account for 36% of a country’s final energy use, they are a prime target for energy efficiency initiatives.
14 February 2023
To get on track to Net Zero carbon building stock by 2050, the International Energy Agency (IEA) estimates that by 2030, direct building CO2 emissions need to fall by 50 per cent and indirect building sector emissions by 60 per cent. In the UK, the government aims to reduce emissions by 78% by 2035 (compared to 1990 levels) as part of its ‘Net Zero by 2050’ ambitions. Retrofitting existing building stock will be essential to reducing energy demand and achieving these ambitious targets seeing as 80% of the UK’s projected 2050 building stock has already been built. In keeping with this logic, the UK Green Building Council advises that only smart control systems can deliver the energy performance levels required. In short, the office building as we know it must
evolve. It must become smarter. By accelerating the digital transformation of buildings, we can interpret accurate building data and introduce digital solutions to make them more energy and resource efficient. With an ecosystem of open technology and IoT solutions, this will enable office buildings to tackle energy inefficiencies and contribute to reducing carbon emissions.
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