Dear Stakeholders,
Albireo Energy’s purpose — to see buildings in a different way — anchors every decision we make.
As a leading independent building controls and energy services provider, we are technology agnostic. Our independence continues to make us an objective partner to building owners and their teams as they achieve their operating and sustainability goals.
With such a significant opportunity to make buildings more efficient, responsible and resilient, the sustainability of our business has never been more important. That’s why our Environmental, Social, and Governance (ESG) priorities are tied to our purpose and why we continue to focus on the ESG topics that matter most to our business and people.
In 2023, we continued to execute boldly on our ESG strategy, ensuring that the steps we take propel our business strategy and make our company stronger. Our strategy is centered on four key pillars:
- Expanding access to sustainable solutions that reduce environmental impact and that improve building performance.
- Reducing the environmental impact of our operating footprint including buildings and fleet.
- Developing and engaging a diverse and inclusive workforce of building controls experts.
- Operating with strong governance to ensure the highest standards of ethics and values.
We are pleased to share our continued progress in this report, along with these important highlights.
Expanding access to sustainable solutions: We continued to grow the Albireo Energy Sustainability Solutions portfolio, recognizing that 75% of our gross revenue can be directly attributed to helping customers address their sustainability goals.
Reducing environmental impact: While our own environmental footprint is relatively small, we completed an environmental operating baseline using our proprietary Utility Module technology for effective data collection. We also made commitments to reducing our environmental impact including converting at least 75% of our fleet — our greatest emissions contributor — to hybrid vehicles.
Developing and engaging our workforce: Being an exceptional employer and partner are central to our mission, we’re proud to be a Certified™ by Great Place to Work® for the sixth year in a row. Plus, as part of our winning culture, over 200 employees awarded their peers with Shining Star recognitions for their exceptional customer contributions. We also received 17 master and platinum awards from our suppliers in recognition of our expertise in building automation and power management.
Operating with strong governance: As part of our commitment to operating with the highest standards of ethics, values, and compliance, we have strengthened our supplier management practices while also continuing to bolster our cybersecurity protocols and training.
In 2023, we submitted our ESG performance for the first time to EcoVadis, a globally recognized assessment platform that rates businesses’ sustainability. While we recognize that ESG is not a destination, but instead a journey, we were pleased to receive a Bronze medal, recognizing our progress and commitment to critical ESG priorities.
Our progress is due to the unwavering commitment of my Albireo Energy colleagues. I want to thank our team for their dedication and passion for serving customers and making our company a great place to work. We’re excited and energized about the road ahead and the opportunities to create a safe, sustainable, and productive future.
Very Best,
Larry Wash
