Decarbonization of facility management a growth opportunity

15 April 2024 Consultancy-me.com 2 min. read
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The decarbonization of KSA’s facility management market is expected to accelerate in the coming years, presenting industry players with dynamic growth opportunities.

According to Abdulaziz Jalab, Strategy and Business Development Leader for Saudi at Frost & Sullivan, “The Kingdom is taking serious steps in advancing its transition towards clean energy. These efforts fall under the umbrella of Saudi Green Initiative, reinforcing its aim for net zero emissions by 2060.”

Launched in 2021, the Saudi Green Initiative is an ambitious whole-of-society initiative that is focused on combating climate change, improving quality of life, and protecting the environment for future generations.

Decarbonization of facility management a growth opportunity

One of the pillars of the vision is greening the operations of offices and buildings, which falls under the mandate of facility management.

“Sustainability is shaping the transformation of the facility management market,” said John Raspin, Partner in the Energy & Environment practice of Frost & Sullivan. “That will continue well into the future as service provider seek to drive up efficiency while growing their delivery of ESG ambitions. The rise of decarbonization of building and facilities and net zero goals are dynamic growth opportunities.”

This drive is being led by proactive steps from large organisations committed to carbon pledges. “Organisations have demonstrated progressive ambitions in ESG, but typically struggle with translating strategies into actionable plans,” said Raspin.

Jalab added the government of Saudi Arabia is also playing a key role in enabling progress, among others through Mostadam, a green building rating system developed by the Ministry of Housing of Saudi Arabia, and the new establishment of The Saudi Facility Management Company (FMTECH), offering a comprehensive range of services, including utility management, energy management, waste management for facilities.

Among the topics that can further green facility management are renewable energy, electrical fleet integration, energy efficiency, cognitive buildings, materials choices during fit-outs or upgrades, and carbon reporting. “And much more, we see a huge range of opportunities that can make a massive impact in the years to come,” Raspin concluded.