Albireo Energy is pleased to share its 2024 Responsibility Report outlining our priorities, strategies, and activities for calendar year 2024. [link to report] Our responsibility strategy ensures that we apply our resources and investments to priority areas that matter most:
- Expanding access to sustainability technology and service solutions
- Reducing the environmental impact of our operating footprint
- Developing and engaging a high-performing workforce
- Operating with strong governance and the highest standards of ethics and values
Our priority areas are guided by stakeholder input, our actions are integrated into our business strategy and aligned to the United Nations Sustainable Development Goals. We recognize that responsibility is a journey, not a destination and are pleased to share some highlights from 2024 including:
- Quantifying the impact of the Albireo Energy Sustainability Solutions portfolio for the third consecutive year, recognizing that 73% of the company’s gross revenue is directly attributed to helping customers reduce environmental impacts.
- The Albireo Energy Sustainability Solutions portfolio delivered ~$17M in energy cost savings for building owners in 2024 which translates into a reduction of ~69k MWh of electricity usage and ~1.027M therms of natural gas consumption. Energy reduction and renewable energy procurement results in an estimated ~40K MTCO2 e of avoided emissions for Albireo Energy’s customers.[1]
- Measuring and managing the environmental impact of our operations for the second consecutive year.
- Achieving Certified™ by Great Place to Work® for the seventh year in a row. Plus, as part of the company’s winning culture, 258 employees awarded their peers with Shining Star recognitions for their exceptional customer contributions.
- Continuing to strengthen governance practices, including releasing new policy statements for AI, cyber, code of conduct, and supply chain risk management.
The 2024 Responsibility Report references the Global Reporting Initiative, relevant sector standards from the Sustainability Accounting Standards Board, and the UN Guiding Principles. To view Albireo Energy’s 2024 Responsibility Report, please visit our website (link).
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About Albireo Energy
Albireo Energy is a leading independent building controls and energy services provider recognized by customers for creating intelligent, high-performance buildings. We help building owners and their teams make decisions about building automation that achieves operating performance, decarbonization, and sustainability goals. Because we’re technology agnostic, we see buildings in a different way. By understanding the mission of a building portfolio, our team of building performance experts designs and delivers technology and service solutions that give you maximum control of your data centers, offices, hospitals, universities, manufacturing, multi-use sites. Our work begins with engineering, project planning, and exceptional execution, and extends through maintenance, monitoring, analytics, and energy procurement services. At Albireo Energy, our promise is to stay connected. For more information, visit https://albireoenergy.com
About Huron Capital
Huron Capital brings a people-first and thematic approach to private equity investing in secularly relevant and fragmented sectors of the North American services industry. We pride ourselves on an unwavering commitment to candor, trust, accountability, and transparency in our relationships with management teams, investors, advisors, and employees. Founded in Detroit in 1999, we partner with entrepreneurs and management teams, empowering their companies to new levels of excellence. We provide resources to help companies grow by professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets. Huron Capital has managed over $1.8 billion on behalf of a global institutional investor base. We fulfill our commitment to all stakeholders by employing a repeatable playbook to drive thoughtful value creation, showcased in over 250 acquisitions since the firm’s inception.
[1] In 2024, Albireo delivered over 2,000 projects with one or more sustainable services. For services that improve energy efficiency, Albireo Energy calculated the estimated energy cost-savings for each project. The cost-savings were calculated based on industry studies on return-on-investment for building efficiency upgrades, studies and reports on implemented technologies, and Albireo Energy’s experience as an energy services provider. Each service was estimated to provide varying cost-savings, which were calculated as a percentage of the gross revenue assumed to deliver direct impact. This methodology was developed and validated by a third party expert in environmental impact calculations. Our environmental impact calculations are preliminary, unaudited, and subject to revision.
