What is Utility Bill Tracking?
Definition
Utility bill tracking is the centralization and digitization of monthly utility provider invoices , as well as the cost, consumption and carbon emission data for electricity, water, and gas
Why it Matters
Utility bill tracking is the first step in an ESG journey for commercial real estate portfolios. While this data is not sufficient to drive action and insights, it provides high-level bench marking that allows owners and operators to focus on poorest performing assets. Utility bill tracking is also essential to submitting to ESG reporting frameworks like Energy Star and GRESB.
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