IFM 2.0 – Tenon FM Takes the Lead
As you read this, India’s Top 1,000 businesses by market capitalisation are busy compiling their ESG reports. The Securities and Exchange Board of India (SEBI) has issued an ESG rating framework called Core Business Responsibility and Sustainability Reporting (BRSR), which lists 49 parameters for ESG reporting. While filing this is mandatory for business behemoths at present, its scope is expected to include more companies in the near future.
At the other end of the carrot-and-stick approach to sustainable business operations are the many rewards and benefits it attracts: ESG funding, employee wellness and improved workplace productivity, curtailed cost of facility maintenance and more.
So what does this have to do with facility management? As it turns out, a lot. The Tenon Group — Tenon FM and Soteria — sees ESG centricity as an opportunity to contribute to clients’ commitment to sustainability, from the simplest operations at the facility level, all the way up to boardroom strategy.
In the past, FM professionals were entrusted only with non-core, business support responsibilities such as housekeeping and maintenance. Not anymore. As the FM community accepts more functions and delivers more services, the onus of ensuring that an organisation’s facilities reflect its ethos of sustainability shifts to FM. This has elevated service providers to service partners, where facility managers drive ESG, not just support it.
Shifting client requisites
This mandate- and incentive-driven shift towards sustainability is also fuelled by a genuine desire among corporates to examine and mitigate their environmental footprint. The Top management is now enquiring about ways to reduce energy consumption rather than just energy bills, minimising waste generated by the business instead of just managing it responsibly.
Many businesses are also choosing to have their facilities assessed and certified as green. Since most of India’s built infrastructure wasn’t designed to be green, it takes the intervention of an expert integrated facility management partner like Tenon FM for any building or campus to earn the coveted tag of ‘green facility’.