Integrating Net Zero into Capital Planning

Hello, everyone. A very good afternoon, and welcome to October edition of Brightly Insight thought leadership webinar series. My name is Renuka Ranaveera. Thank you for taking time out of your busy schedule to join this webinar. For those who have joined our previous webinars, we hope you have been enjoying and learning. Any first time as I hope you find this webinar insightful. Today, we are talking about how to integrate net zero into capital planning. Before we begin, I would like to acknowledge the traditional custodians of the land on which we meet today and pay my respect to elders elders past, present, and emerging. I would also like to acknowledge and and celebrate our first nation people around the world and encourage us all to continually learn from their history and teachings in caring for country. Finally, I like to extend the acknowledgment and respect to any First Nation people joining us in today's webinar. A quick overview of what we are going to cover today. First, we will go through some housekeeping points followed by quick intro to our presenters. Then we will briefly discuss net zero, what, and why. After that, we'll have an overview of Brightly and Setmetrics investment planning value proposition followed by deep dive into integrating net zero into capital planning. Then we will have question and answer session where our expert panel will answer any questions you might have on the topic. As you are taking time to hear from us, we want to hear from you as well and answer any questions you might have on today's topic and anything in general about the webinar series. That way we can make this and future sessions as useful as possible. You can use the q and a function on the webinar console to drop any questions and comments. We have allowed time at the end of the webinar for q and a. If we don't get through all those discussions, we will follow-up after the webinar. We have two presenters joining me today, and if you want to know more details about them, click on the icons next to their names. And if any of you want to contact us or request a demo, you can do so by pressing the icon in the console panel. Today, I am joined by two thought leaders who are industry experts in their respective fields. We have David Horsman, director of, professional service of Brightly, and many of you might know him from previous webinars or engagements with us. And we are also delighted that, Adam Musinets, the chief operating officer of Setmetrics, joining us today to share his insights and experience. And, again, so you can know more about them by, looking into their bios by clicking those icons. So let's get started. So net zero, what and why? So we hear so much about sustainability, climate change, net zero, carbon neutral. They all seem interconnected, but making sense of exactly what they are can be difficult. So let's talk briefly about what net zero is and why it's important. To know what net zero is, it's important to know what is climate change and what causes it. The intergovernmental panel on climate change is the world's major scientific body on climate change. They published the sixth assessment report on twenty twenty three. It's an eight year long undertaking. And it states that human activities, principally through emissions of greenhouse gases, have caused global warming. The rise in greenhouse gas emission is mainly attribute to unsustainable energy use, land use changes, lifestyle, and consumption pattern of all of us, the six billion people in the world. There has been a huge increase in greenhouse gas emissions from pre industrial era. Just over the last three decades from nineteen ninety to twenty nineteen, globally, the greenhouse gas emissions has increased by seventy five percent. The result of this increase is the increase in average global temperature, which is known as global warming. Since eighteen eighty, the Earth has warmed by at least one point one percent. So this temperature increase might not seem very much, but it has led the Earth's climate to change and caused havocs in weather patterns. In recent times, we have all experienced extreme weather events, whether it is high intensity rainfalls, floods, flash flooding, cyclones, storms, bushfires, droughts, extended heat waves, sea level rises, etcetera. And the consequences are quite significant and severe. And if you switch on news anytime, you will hear at least one story around the world related to these weather events. So what are we doing about it? There has been lot of effort around the world to reduce global warming since nineteen nineties. The Paris agreement is an international climate change treaty, which was globally agreed and came into force in twenty sixteen. It aims to hold the increase in global average global temperature to below two percent, two degree Celsius above pre industrial levels and pursuing efforts to limit the temperature increase to one point five degree Celsius. And net zero, the concept actually aims to combat global warming. In broader sense, net zero means cutting carbon emissions to a small amount of residual emissions that can be absorbed and durably stored by nature and other car carbon removal measures, leaving zero in the atmosphere. If we could doing what we have been doing with the currently implemented policies, like as in twenty twenty, there's a good chance that Earth will be warmer by three point two degrees Celsius over pre industrial levels by end of the century, and the impacts will be huge. But if we work towards achieving net zero by twenty fifty, there will be a good chance we can keep the increase in temperature to one point five degree Celsius, thereby mitigating some of the projected impacts. The built environment contribute heavily to greenhouse gas emissions. Now the question is, as asset management practitioners and professionals involved in managing built environments in many ways, what can we do? As today's webinar is more focused on building industry, let's talk about what net zero means for building industry as building sector contributes sixteen percent to total greenhouse gas emissions directly or indirectly as of twenty nineteen. So what does it mean by net zero building? So net zero building is a highly efficient building, which over the course of a year generates energy on-site using clean renewable resources in a quantity equal to or greater than the total amount of energy consumed on-site. So there might be, like, different definitions, but I think that definition actually sum up, like, the net zero building quite well. And Brightly is used by hundreds of organizations in capital works planning, and set metrics is used by organizations for energy modeling. So how can we incorporate net zero modeling to capital works planning? So our vision and what we have been working towards is incorporate energy efficiency and net zero carbon planning in Predictor to help facility owners, managers plan their capital expenditures to meet both their fiscal and sustainability needs. Predictor has long been a best in class strategic planning tool focused on financial strategy and asset life cycle planning based on availability of capital funds for asset replacement over a certain period of time. While capital planning based on asset degradation and service level frameworks remain the core need of strategic asset management, a lever for lever of increasing importance in both the public and private sector is the need to meet internal and external sustainability targets. With many government and private organizations setting long and short term energy efficiency and net zero targets, so the need to plan long term capital expenditure with the lens around sustainability is paramount to achieving strategic asset management and organization goals. So our mission is to provide our organizations with necessary tools and information to allow them to target and strategically plan for net zero carbon and best in class energy performance across their asset portfolios while also meeting fiscal and budgetary requirements. Now to talk us more about asset investment planning, I would like to hand over to David Horsman followed by Adam who will be talking us to us about energy modeling. Over to you, David. Thank you, Renu. And, folks, look, I think Renu touched on a really, really important point and really the key thread for us today. And that is if we are to achieve our net zero, our decarbonization, our energy efficiency goals, it's really critical that we don't attempt to do that in isolation from the rest of our portfolio. If we're to be really successful in doing this and achieving this in the quickest, most effective way, the best way to support that is to actually bring that modeling, bring those investments into your overall portfolio assessment, and that will really be the key focus of what we talk you through today. But before going into the full blown model around integrating those two things, what we thought would be useful to do is to simply step you through, firstly, a quick revisit of just what are we talking about when we're talking about asset investment planning. And in really simple terms, the way we describe it at Brightly is it's really you being able to see the future now. And you do that by being able to create different simulated versions of the future, essentially creating a digital version of what the world would look like under different funding or service level or investment strategies. And in doing that, the critical thing is that ultimately this is not some black box, you know, smoke and mirrors. There's no magic involved. It's literally using your best available data, your understanding of your assets lifecycle behaviour, and those different service level and financial strategy options that you wanna consider. It's really bringing those together to drive your decisions with real data. It's genuine evidence based based decision making. And what that means is by being able to simulate those different versions of the future and undertake this type of scenario analysis, it's also very strongly moving away from that old school worst first list based kind of investment in your portfolio. And instead focusing on how can I find that sweet spot that best balances my service levels and my funding requirements, my financial constraints, but does so in a way that whatever finances I do have to commit, they're used in that most optimum way? And Renew briefly touched on the fact that Predicta has obviously been our flagship product now in terms optimized investment planning. And one of its real strengths is not only the ability to undertake that real technical analysis and to give you that really powerful outcome, but also in the way we present the results, how do we tell that, but in a simple and compelling asset management and investment story? Because that's really ultimately the nub. When it comes to presenting your outcomes to whether it be your executive or your board or your council, ultimately the technical detail alone is not sufficient. It really boils down to how you can take those results and present them in a really compelling way that simplifies your story and unites your stakeholders around your vision. So what does it take to actually build out these simulations? In simple terms, there are really three key building blocks. There's your asset register and performance data. What is it that you know about your assets? What are the important attributes that need to feed into that modeling process? And from a performance perspective, how are those assets performing? And this is one of those first key touch points into things like your energy modeling as well, because these now become additional parameters that you can introduce into your data. The two other key elements in building out a simulation are really that life cycle behavior. How do we anticipate and what do we know in terms of how our assets are likely to perform over time? And, ultimately, what are those different financial strategies that we want to test? What are those different funding approaches that we could take that would allow us to envisage those different versions of the future? And once you bring together those three key elements into a model simulation, there are then going to be some key pieces to the puzzle in terms of telling that really simple, compelling story I referenced earlier. So I'm just going to really briefly walk you through what some of these would be. Now I'm sure many of you are already familiar with this, but ultimately it's important to think about what are these elements I will be presenting? And in particular, in the context of today's discussion, I encourage you to start thinking about, well, if I now want to bring in not just those sort of traditional or old school kind of performance parameters, if I'm genuine about integrating my decarbonization, sustainability, and net zero goals, what does this look like when I start to layer those in? So simple things like being able to understand that overall life cycle cost, whether that's in terms of the different activities that you're going to engage in or how that looks year on year from an investment perspective. And also we mentioned upfront that, you know, ultimately financial constraints are going to be a key part of this conversation. Your ability to be financially sustainable while delivering on these goals is going to be a critical aspect that needs to be addressed. So to the extent in any given year that you can't actually invest in all of those items that you had potentially planned to do, or maybe have hit their intervention level from a service standard perspective. Really important to be able to track what the quantum of that deferred funding looks like, and ultimately being able to drill down into the very specific detail of what activities have been deferred and on what assets. Also, something as simple as we're all very familiar with a simple dark red, bad, dark green, good heat map style view of our portfolio, being able to understand that on a year by year basis. What does that service level impact look like? How are my assets distributed across those different service levels? Whether that's at a portfolio level or whether that's a drill down into literally a record by record basis of how that asset will perform over time under whichever version of the future you're looking at. And of course, we can't forget risk. This is a really important part of any asset investment planning process. So when we were looking at that service level distribution there a moment ago, if you think about the same asset but in two different contexts, maybe it's hit its intervention level. We can't fund that activity this year, so it's carrying in our deferred backlog. But those two assets, they're the same assets, but in very different contexts. Maybe one's a high utilization versus a low utilization contact context. Maybe one is a highly critical asset to your service delivery, maybe one is less critical. So even though they may be in the same service state and those service state distributions would look the same, really important that we understand the difference in their risk because those two assets represent very, very different risk profiles. So this is going to be another important part of how you make those investment decisions. And ultimately, that's going to result in you moving forward with a capital works program, you're going to make decisions around what are those assets that you're going to invest in, at what time, and with what particular treatments. So again, your ability to present that in a really simple way while still having all of that record by record detail around what your works program needs to be is a really, really important part of the asset investment planning process. And ultimately, and you'll see we'll get into this a little bit more when we start to talk about how we integrate in the energy modeling, but ultimately when you go to your board or to your executive or to council, it's these types of simple but engaging dashboards and interactive insights that will help you tell that really compelling story and help you build your business case for the type of investment program you want to put in place. So folks, that's just a really quick recap and a reprise of what does it mean to actually go through an optimised asset investment planning process. What I'm going to do at this point, I've set the foundation for now thinking about, well, if we're going to undertake energy modeling and pursue a net zero strategy, if this is our foundation, what do we now need to start layering into that in order to make that a key part of that investment decision making process. And so to do that, I'm going to hand over to my colleague Adam, and he's going to walk you through what that energy scenario modeling looks like. Thanks, Adam. Thanks very much, David. I'm gonna start off by taking what David's just talked through there around diet basket investment planning and throw a new lens on it from an energy modeling perspective. So by way of introduction, Setmetrics is a web based tool that enables our users or customers to build out a rapid energy model for their building or their portfolio. And we're focused predominantly on the existing building space, so precisely the sort of challenge that we're looking for as you're evaluating your your building for for for an asset improvement, program. And one of the things we look at when we build our energy model is understanding what your, current building is doing today. So an energy model itself is an analysis methodology that enables you to understand all of the different interactive impacts that occur in your building, with respect to energy. So in order to do that, we've built together a an energy model using a industry standard, simulation package called energy plus. And it allows us to understand all of the different, components and assets and subsystems in your building that correspond to the total, energy profile for your building. So things like chillers, boilers, lifts, fans, pumps, lights, people, how people use the building and and and create heat source within the building, the facade of the building. All of the different components that go to influence and and and impact the energy profile for your building can be represented and modeled in EnergyPlus as a part of the, simulation process under underpinning the Symmetrix platform. What Symmetrix then allows you to do once you've created that energy model is evaluate a whole range of different performance improvements or different scenarios. And these can be based on any number of drivers that you're considering for your building. Everything from assets reaching the end of these for life through to, proactive, energy performance improvements, through to suggestions that have come via the predictor optimization, workflow as well, which David will talk, talk to a little bit later as well. Or there could be ideas that get put into the system from any number of stakeholders associated with your building or your portfolio. So facility managers, asset managers, sustainability professionals, external consultants. They can all collaborate, via the Symmetrix tool to evaluate different potential improvements, and quantify the impact of those improvements. Symmetrix has a three step process that we like to guide users through in order to deliver on these projects. On the first, as I've just described, is setting up that baseline energy model. And I'll talk a little bit, in a moment about sort of inputs required to get that model, up and running. But that model, once it's created, allows you to, forecast out the impact of or the the energy profile of your building at hourly intervals well into the future, across all the different subsystems in your building. And it's basically designed to set up your current state where your building is at today or where your portfolio is at today. Now from an existing building perspective, the energy model provides a lot of insight. You can compare your building against the BMS data if you're getting that from a building management system or your utility invoices to see how your building is actually running compared to how your building could be running on under various scenarios. You can use it to plan out your different scenarios for your improvements, and we can do that in the optimized bucket. That's step two as we look to evaluate different performance improvements and and make decisions on where we want to invest in our buildings to improve the the energy and emissions profiles in our buildings. And finally, the third bucket around track is tracking the health of the project once it's been delivered. So you can think of this as a measurement and verification step. And measurement verification traditionally is is quite a complex process because of the various different, external factors that can influence how projects and buildings run. Things like weather, things like occupancy profiles. They can all impact, how a building consumes energy. So being able to standardize the way we measure and verify the savings that have come from your projects or your your, asset investment or capital asset management plan allows you to then communicate those savings back to the various stakeholders involved in your project, and also create a a business case to reinvest those savings into additional into additional, projects. So I wanna start off a little bit talking about the inputs required to create that initial baseline energy model. The first step we like to look for is the floor plans. What the floor plans gives us is an understanding of how the building is set up spatially so that we can see things like its orientation to the sun, which will impact the sort of, solar heat gains that you can get as the sun tracks over the building. We can also understand things like internal sources of heat. So if you have a server room inside your building, for instance, understanding what adjacent zones, will be impacted by the flow of heat from that server room. It helps us to be able to, build out an accurate, energy energy picture for your building. And we can get data for a floor plan from a variety of sources. You might have a building information model or BIM set up for it, or you might have some CAD drawings or old, mechanical specification drawings. They can be useful, and we can use them. But you can also go something as old school or as or as coarse as a forest gate diagram, for instance. So taking a photo of a forest forest shape diagram with your with your your camera on your phone can be sufficient for us to get started with understanding how the internal layouts play in your building. The second two the two pieces of equipment well, two pieces of information we're looking for next are around plant equipment specifications and the BMS controls description. So the planned equipment specifications are, performance and quantity specifications for the different types of energy consuming assets you have in your building. So think boilers, chillers, fans, lights, and etcetera. And what's interesting about what Semetrics and Brightly can do together is Brightly often has a lot of this information already as a part of that asset asset investment planning journey that you might already have, embarked on, with with Brightly and Predictor. A lot of that asset information can already exist and already be ported over into the symmetric system, to help streamline some of the value we can create from that that investment you've already made in that asset information digitalization process. So things that we're looking for when we think of plant equipment specifications are things like if I take chillers, for example, things like the quantity of chillers you have, the capacities of those chillers, perhaps the efficiency, the COP. And all of that information, if we look at the controls the BMS controls description, things like how the chillers are sequenced, when they start, when they stop, all of that information can get represented in that baseline energy model to help us understand how to forecast the the performance of those chillers into the future. Then as we look at, say, asset replacement strategy that might involve replacing the chillers or upgrading the chillers, we've got a a a a baseline that we can use to help understand where we are today versus where we'll be if we're gonna make those changes. The final piece of information that's useful to get started for creating a baseline energy model is some consumption data for your reference year, your baseline reference year. And this can be in the form of utility invoices for your remaining pieces of, you know, so your electricity and your other fuel types, predominantly gas in the Australian market. Or it could be things like BMS data if you have trend logs and submitted data from your, from your from your building as well that can be used to help create a north star. We use that consumption data to help, calibrate our baseline model so that we know that the model is, operating and forecasting in a way that is consistent with how the building is actually using energy, in the real world. Once we have that baseline energy model calibrated, we can set it in stone and start to evaluate against it with our planning. And this planning allows us to create a range of different, upgrades or facility improvement measures that we might be evaluating for this, for this building or portfolio. As I mentioned earlier, this can come from a variety of sources. They can come from some of the optimized, asset strategies that come from the predictor, suite of, of of software, capabilities, or they can come from your intern our own internal knowledge of the building. So if you've got facility managers on-site or asset managers or sustainability professionals on-site, they all might have different perspectives on what improvement they would like to evaluate. So if we look at, a a tool like SendMetrics, you're able to add all of those different points of view, whether they're operational change from a facility management perspective or they're a capital works program from an asset management perspective. You can throw all those ideas into the mix and rank them, compare them, evaluate them all against your baseline energy model. What you can also do is start grouping them together, and this forms the basis of a holistic capital works program to achieve some sort of net zero decarbonization outcome. So as you start to group different improvement measures together, they'll all have different interactive impacts. As an example, if we think of a a a lighting strategy where you might be doing a a delamping or a or a transition to LEDs, that's gonna generate a different heat profile within that within that zone, within that office or that corridor. Now if at the same time you're evaluating a chiller replacement strategy or some sort of HVAC upgrade, that's gonna the the HVAC is its its primary purpose is to condition and serve the the the spaces, in that building. So if you've gone and changed the internal loads as a result of your lighting upgrade, you've now got this interactive this interplay between those two those two, investment strategies. So being able to group both the lighting change and the HVAC change into one model and running that and preparing that impact, you know, in a holistic sense by using an energy model, gives you the confidence that the combined changes you're looking at are being, accurately factored in factored in. We can do all that within this optimized planning planning workflow. And the final step within this, within a a a decarbonization or a or a net zero journey is is that verification. So verifying the savings gives you the confidence that the the project has been implemented correctly so you can use it as an early warning system or as a a way of, holding people accountable who have been involved in the, in the upgrade works. You can also use it as a communications tool or reporting tool to be able to communicate out to the various stakeholders involved with the project. You've achieved the objectives that have been, scheduled or planned for the project, and also that you're achieving the the commitments that have been made as a part of the broader, part of the broader decarbonization journey that you're building or portfolio might be going on. And finally, you can use the measurement verification process, the validation of the savings, if you like, as a way of, justifying the reinvestment of those savings back into future works. So the there's really that three step process we think is critical about understanding where your baseline is at today, being able to have a standardized way of evaluating different performance improvements that cater to all the needs of the various stakeholders you have within your organization, and then verifying those savings to ensure that you're actually getting what what you paid for or what you expected. And we talked a little bit about these various sorts of, tools you can use to to go through this gene. I'll hand over now back to David to talk through, what the combined piece between Setmetrics and Brodie looks like, to help, deliver that for your for your, for your objectives. Thanks, David. Thanks, Adam. And, folks, hopefully, as we've gone through that asset investment planning, kind of, you know, quick reprise and Adam's walked us through just exactly, you know, what's being done within the Setmetrics platform and the value and importance of that. Hopefully you've started to see that connection that we're now going to talk about in this next section. And the really simple premise behind all of this is that rather than doing those two things in isolation, rather than focusing on your net zero or decarbonisation energy type goals in isolation, the single best way you can elevate that process and to ultimately ensure that you can maximize your investment and really, really speed up potentially the time to achieve those goals and ultimately to make them a reality rather than just purely aspirations. The single best thing you can do is roll that modelling and roll those scenarios into your overall asset investment portfolio. And so what does that actually look like on the ground? So ultimately we see it as a four part, process and we've just really talked through these first two key elements where you'll already be doing your asset investment planning and potentially already pursuing some modeling around your net zero or energy goals, but what if we start to combine those things? So the way in which Brightly and Setmetrics works together is to get the best out of each of those respective software products, but then to start to integrate them together. So buying by being able to take some of the the scenarios that Adam just very briefly walked us through and introduce those into your whole portfolio, because naturally the assets that you're going to be focused on within your net zero sustainability goals aren't your entire portfolio, but the funding that you wanna tap into is funding that's going to be constrained across that portfolio. So by being able to introduce these scenarios into your overall asset investment plan, you can start to not just look at those more traditional impacts, those more traditional decision drivers, but you can now ultimately expand that decision making process to a better understanding of how well can you meet your net zero targets. And so what that ultimately looks like is because you're starting to weave those into that scenario analysis, it becomes an iterative process between your overall portfolio planning and your very specific scenario analysis that you're undertaking through the Setmetrics platform. And through a process of iterating those things, you can gradually build out, test, conduct what if style analyses across a range of different, future scenarios for yourself. And in doing that, you can really start to hone in on, through that iterative process, what are the key targets for us to follow? What are the key investments that we need to make in order to find this sweet spot? And so that iterative process then ultimately results in an integration of your broader asset investment plan and all of your traditional indicators, but now integrating in all of those things that are important to you from a sustainability and a net zero perspective. And out of that integration comes in simple terms, three key outputs. The first thing is those data visualizations and insights, essentially that thing that's going to help you tell that compelling story. The second thing is then going to be either assisting you with developing or helping you deliver on or helping you validate your actual net zero strategy, or perhaps even your climate resilience or your sustainability plans. Basically, whatever this looks like for you as an organization, layering these two things together really elevates your ability to demonstrate and deliver on those plans. And lastly, at the end of the day, we're talking about making investments in our portfolio, and in particular today, talking about that building's portfolio. So in invariably, another key part of the puzzle and something that Siemens as a company, have a lot to offer in is in that space around those building technologies. So we've really used the best of Brightly, the best of set metrics, and then the wider Siemens capability to ultimately deliver on those actual investments and to turn your aspirations into actual outcomes. So that's the basic model as we see it, and that's what we're currently doing today between Brightly and Setmetrics. And if we start to dive a little bit deeper into that to kinda understand what each of those three key outputs looks like. The first thing I wanna focus on is that data visualization and insights, and the types of questions that you'd be looking to answer in doing this integration is really, in simple terms, four key questions around that net zero strategy. The first of those is: If I don't change anything that I'm already doing, if I just continue as business as usual with my capital plan, how close will I actually get to realising my net zero goals? Or how about if I shift that focus more so onto net zero, but without changing the investment that's available, what's that going to look like from an asset service levels perspective? How much will I need to compromise on my existing service standards if I'm to drive our net zero strategy more quickly? Or another way to look at that would be, what if I entirely reach my nets my current net zero strategy? So whatever date I've set for myself, if that's our drop dead milestone, what is it really going to look like then over the course of those next number of years from that asset service levels perspective? So you can see that we're starting to ramp up that focus on where can we get to and how quickly can we get there. And ultimately the last thing to consider in that would be, but what if we actually look to invest more? How can we demonstrate the benefit that would come from achieving both these things through some potential additional investment? And to be honest on that front is one of the significant advantages that can come from layering in your net zero strategy into your overall investment plan, because that plan itself can help to identify where you may be able to unlock otherwise invested visualization, these are the types of outcomes that you would be considering. Yeah? The one on the far left is all about focusing purely on our asset service levels, and we're not really prioritizing our sustainability goals whatsoever. And then moving across that from left to right, we're starting to invest more in those sustainability outcomes to the extent that they may ultimately require a trade off from a serviceability perspective. And at the other end of the spectrum, we're really saying, well, what if we wanna do both? What if we can't compromise on either of those things? What's the level of investment that's going to be required to achieve that? Now what does that actually look like on the ground though? So what we've shown you here is just a simple quick snapshot out of the sum of the some of the work that we're already doing together. And in particular, what I wanted to highlight was just that simple executive dashboard. You can see from the nav pane on the right that there are on the left, sorry, that there are obviously more elements to this particular report. But that key executive dashboard where really, in simple terms, you can look at different scenarios side by side and immediately see what's the kind of investment we're talking about? What does that mean in terms of my service levels? What's that going to impact in terms of my energy costs? How will my emissions be reduced? And what does that mean in terms of total savings and forecast by a certain period of time? You can see that in one simple compelling visual, you can tell a really powerful, both asset investment planning story, but fundamentally how you're going to achieve your net zero strategy and what are the options that are available to you? How do you make that best available decision? And then as I mentioned earlier, I'm sure all of you to one degree or another have either a climate resilience plan, a net zero strategy, sustainability plan, your ability to achieve your net zero strategy, and zero strategy, sustainability plan, your ability to speak directly to these and refine their development and demonstrate your delivery on is a critical outcome that that you derive from going through this process. And finally, as I mentioned earlier, I think all of us are very much aware that from particularly a facilities perspective, we're moving from a much more traditional building, ultimately all the way through a journey of connected, smart, and through to autonomous. So every single investment that we've talked about today is one possible step towards that future that lies very close ahead of us. And so folks, that's overall the Brightly and Setmetrics way in terms of how to integrate your net zero decarbonisation energy efficiency goals into your asset investment planning. Hopefully you've seen some opportunities there for yourself, and a lot of what we've covered no doubt speaks directly to you. So what we'd like to do at this point is to open it up to your questions. Hopefully some of you have taken the opportunity as we've been going to drop some questions into the Q and A. If you haven't yet, please we'll be on here now for another fifteen minutes to address those questions. Please drop anything you want us to cover into that Q and A section on your screen. And in the meantime, while you're doing that, we'll start to take some of your existing questions that we already have. So with that, Renu, I'll hand back to you to facilitate the q and a session. Yeah. Thank you, David, and thank you, Adam, for that excellent overview of what, you are doing as companies and the together, how we actually make life easy for our organizer, like, clients in terms of because you are already doing if you are doing capital investment planning and net zero planning would be a subset of that that's in the overall investment planning journey. We got some questions, coming in, but I encourage all of you to actually put, like, more any questions if you have, just just put in there. So I'll get into some of the questions. So there's actually, Nicholas asked, would it be possible to get a copy of the slide deck? Yeah. Definitely for all the attendees and all the registrants, like, we will be sending a link to this web webinar. So, yeah, you will get, that everyone will get that. And, then we have a question coming in. So what are some of the typical challenges that people come up against when embarking on a decarbonization focused capital works program. So who like to take that? Yeah. I'll leave it up to you, David, or Adam. Yeah. Thanks. Thanks, Renee. Adam, I think if you wanted to start on that from your experience with specifically the energy and decarbonization goals, what are you finding, with the clients that you're working with? Yeah. Look. I think, it's a great question. I think there's there's, typically, people are unsure where to to to start. So I think there's a bit of a sort of a paralysis around thinking where how do I get started? What what's the first step I should take? Even understanding, you know, where where their buildings are at today as a as a first point. So, you know, the I I would encourage people who are about to embark on a on a decarbonization journey, as a first step to understand where they're at today. And then as they look through to understand what they want to achieve, so setting those sorts of targets or or or goals, being very clear and open and collaborative within their within their stakeholder group, to understand each of the different drivers that the various stakeholders might have. Because I think that's another challenge that we see is that different different, stakeholders within a building or a portfolio will have competing views or priority, what they wanna achieve from from these from these, these works. So for instance, a sustainability, manager might have a one one view of how they how they view the problem. A facility manager or an asset manager might have a different view of how they how they view the problem. And, of course, overall, the the the financial, decision maker or the CFO is gonna have quite a a powerful voice at the table as well around it. So understanding what those different competing drivers are, I think, is a a challenge we see, from from our customers, you know, embarking on these journeys. And the way to overcome that is to be collaborative and to get these, all these thoughts all all all down in one place at the start. So Yeah. Absolutely. And and look, folks, I think any of you who have who've ever had the opportunity to hear me talk on on this type of issue previously knows that one of the things that we always encourage you to do at Brightly is to start with what you have. It's really actually getting started that makes the difference. So don't assume that because you've got a few data gaps or because, you know, maybe you don't maybe you're not fully across everything that needs to be done. One of the single best things you can do to get to your goals faster is to start the the process literally. And look, what what we find is that ultimately you'll learn a lot through that. And that's where, you know, the benefit of working together with, say, ourselves and Setmetrics is where you do have those gaps and assumptions, we can work with you. You know, our collective experience across the industry and other clients allows us to effectively give you really solid base assumptions to start with in those areas where you may not yet have fully built out information. And by going through that process, it helps you to prioritize what's actually going to be the most important in terms of shifting the dial for you in your decision making. So, hundred percent agree with Adam that really just get started is the critical thing, and we can definitely help you on that journey. Okay. Thank you. And, there's another question. So it says, what are some of the trends BrightlySet metrics are seen in the industry? Yeah. Adam, you want to go first? Sure. And I think, some of the trends we're seeing, I think we can kind of view them from, various lenses. So if I think about it from just purely a a building upgrades perspective or a decarbonization journey, I think we're seeing electrification being very, topical. Clients asking for, support in understanding how the transition away from gas fired boilers, for instance, you know, how they should get started on that, what sort of additional, electrical network type system upgrades they would need to evaluate, you know, what sort of sizing they would need for their for their equipment, all questions which can be supported and answered with with, energy modeling as a as a foundation for that consideration. I I think, broadly, other trends, if you think sort of things like, reporting standards, so the IFRS s one, s two comp disclosures, that's coming out. That's gonna be a a an an important one for, potentially, a government and and tenant and various stakeholder led trends we're seeing that, that's getting influenced to thought process and decision making. Yeah. Great points. And I think there are a couple of things that I'd layer into that as well is, firstly, certainly if you're a government organization, the focus from, you know, each of the state audit offices around how you go about making your investment decisions and what's the evidence behind, what's the analysis that's gone into the decisions that you make. Certainly as someone who's been in the industry now for, close to thirty years, that's been a consistent trend, a consistent increase in that ordered focus on how you go about making these decisions. So I think having the type of process and the really robust modeling that we talked through today from both Brightly and Setmetrics is critical to that. The second key thing that Adam touched on there that I just wanted to reinforce is that whole thing around mandates and legislation. You know? At the end of the day, I think we can all see that more and more, the types of reporting that we touched on today are ultimately going to be going to be mandated. Certainly, there's going to be a a continual increase in those. So what we'd highly recommend is that rather than sitting back and waiting for that to happen to you and needing to react to those things when they become legislation or when they become a requirement of you, the sooner that you start on this process, the much better position you'll be in to be able to in fact, you know, in many instances, you'll already be there, if not all the way, then certainly along certainly a long way. So I think knowing that that's what's coming ahead of us, once again, the sooner you start on this journey, the better positioned you'll be to address those and the less impact they will have on you as as an organization if you're left simply reacting to them. Yeah. Thank you. And then there's another question that's asked, what are some of the operational considerations people should be aware of when making capital upgrade or decarbonization decisions? Adam? Yeah. Look. I look. I think probably, seven inch and seven probably see this, a lighter range of different operational, considerations. It's because it's it's it's not just about the the capital asset management plan that you've got or the or the decarbonizations, you know, strategy you're looking at. You know, real world constraints that get in the way, things like, or that you need to be mindful of, things like, tenant impacts. So whatever building works you're doing is gonna have an impact on on the occupant comfort and the tenant, tenants and, you know, so reviewing what your tenant lease looks like, you know, before you embark on these programs or these these upgrade works to ensure that you're not, that you're sort of aligned with and not in breach any of your obligations from a tenant perspective. Seasonal time timing. So a lot of the changes we're looking at would be whole scale changes, particularly around HVAC or any sort of seasonality, any equipment, sort of impacting or related to seasonality. There'll be timings times of the year when you can make those changes more readily with, minimal impact. Things like, you know, risk, and then I'll probably hand over to, David for some of these, but things like risk and asset life cycle are critical if you're a a health care provider with a, you know, n plus one strategy on your on your chillers. That's that's gonna have a a a a larger impact on the way you think about your chiller replacement than, say, decarbonization on its own. So yeah. And I know David of risk and and sort of asset life cycle, life cycle planning is is certainly broadly's bread and butter. So do you have any thoughts on that? Yeah. Yeah. It's an it's an excellent point you're making. And, look, I'm sort of mindful of time. Obviously, I only got a couple minutes left. But what I would say on this one that Adam tapped into really well there is that whenever we're doing modeling within Brightly, it's more than just, you know, the dollars and physical condition or whatever it might be. All of those kind of considerations around if we're looking to replace a particular piece of kit with an alternative, or we're looking to invest in a piece of kit at a certain point in time. As Adam's quite rightly pointed out, they will have impacts in terms of your everyday operations and your your user experience, but they'll also potentially have impacts on how you go about operating and maintaining. They'll they'll have potential financial impacts, not just from a capital perspective, but also from an o and m perspective, in terms of how that might fit in terms of your overall performance standards and so forth. So I think that whole life cycle behavior, whole of life cost, understanding the different services, both internal and external experience, those are really vital things to consider. But, again, as you've probably seen through what we talked you through today, all of those things can be factored into the brightly set metrics, models. So that's, again, where it becomes genuine evidence based decision making. You're not really needing to take a leap of faith and say, hey, just trust us. You've got the evidence and the analysis and those different scenarios that allow you to support that really sound decision making process. And, Renu, I'm sure we've got a bunch of other questions as well, but I'm actually mindful I like to be respectful of people's time. So, folks, if we didn't get to your question, obviously, we can we can follow-up and we'll follow-up outside the webinar. I might hand it back to you, Renu, to close this out, if that's okay. Yeah. Thank you, David. Yeah. There are a couple of questions, actually. We haven't had time to answer, but we'll get back to you. So I hope, everyone who joined the webinar today enjoyed the session, and thanks for attending. Yeah. And, just a reminder that we will be sending out a recording, of this webinar. You will receive a link, from us so you can go and, we working on incorporating carbon modeling to capital works planning in other sectors as well, and we hope to bring you, insights of those work, at a later events. And, before we conclude, we would love also love to hear what the other topics you'd be interested in, so we can discuss in future webinars. Please use the q and a function to send us your ideas. And, this is the last, Brightly Insight webinar for this, year twenty twenty four, and we will be with you in the beginning of next year, probably in February. Thank you, everyone, and have a good afternoon. Bye.