The emissions resulting from retrofitting office buildings can be reduced by as much as 70% by tapping into smart technology, according to investment management company Lateral.
With the built environment responsible for 40% of greenhouse gases, with 11% of that consisting of embodied carbon, the environmental implications for retrofitting buildings is “alarming,” the investment manager says. Average retrofits to buildings are built to last about two-and-a-half years, while building retrofits designed with sustainability in mind can last between eight and ten years. Over a building’s 60-year lifecycle, that cuts its average number of retrofits from between 20 and 30 for a typically designed building to between six and eight for a redesign which incorporates sustainability, vastly reducing wastage and landfill.
GS Technologies Ltd (LON:GST), through its subsidiary, EMS Wiring Systems Pte. Ltd, provides services in the “Smart Building” sector. Smart Building is a diverse term that refers to the technological capabilities of buildings and other work place facilities.