Our Impact

At Albireo Energy, we continue to challenge ourselves to think differently and continuously incorporate sustainability principles into the way we operate, serve and engage.

An ongoing strength of our company has been our commitment to operating responsibly and creating value for all of our stakeholders. We continue to ensure that the steps we take propel our business strategy and make our company more resilient.

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Environmental

Albireo Energy is focused on expanding access to sustainable building solutions that reduce environmental impact and improve building performance. We advise customers on multiple facets of building and energy management by designing, developing and implementing technology and service strategies carefully tailored to industry, location and business mission.

As part of our customer commitment, we defined our Sustainability Solutions Portfolio using definitions within external reporting frameworks. We also engaged a third party to validate the scope of our portfolio as well as the business and environmental impacts of our work in 2022.

Highlights from our 2022 ESG Report:

  • Establishing and quantifying the Albireo Energy Sustainability Solutions portfolio, recognizing that 66% of the company’s gross revenue is directly attributed to helping customers address sustainability goals.
  • The Albireo Energy Sustainability Solutions portfolio delivered $12.6 million in energy cost savings for building owners in 2022 which translates into a reduction of 58,000 MWh of electricity usage and 780,000 therms of natural gas consumption.
  • Energy reduction and renewable energy procurement results in an estimated 68,000 Metric Tons of Carbon Dioxide Equivalent (MTCO2 e) of avoided emissions for Albireo Energy’s customers.
  • Addressing the environmental impact of the company’s footprint, moving into newer and more efficient buildings, and consolidating numerous office locations serving the same geographic markets while continuing to grow the size of the workforce.
  • Growing remote services footprint, offering customers in two of the company’s largest markets, New York and Delaware, the option to troubleshoot system issues without technicians driving to their locations. This offered double the benefit of fuel efficiency and building productivity.

Social

Our work requires building performance expertise. It also requires an environment where people care – about work, each other and the people who count on us most. At Albireo Energy, we take pride in the work we do and in the safety, engagement and development of others. We approach employee recruitment, development and engagement with this in mind. We listen to feedback, analyze the results and use data to drive improvements. 

Highlights from our 2022 ESG Report:

  • Achieving Certified™ by Great Place to Work® for the fifth year in a row.
  • As part of the company’s winning culture, 120 employees awarded their peers with Shining Star recognitions for their exceptional customer contributions.
  • Receiving six master and platinum awards from our suppliers in recognition of expertise in building automation and power management.

Governance

Strong governance is foundational to our ESG efforts. Albireo Energy’s full Board oversees our ESG strategy and it’s reviewed once a year. Throughout the year, the Board is briefed on various ESG topics during every standard Board meeting. As part of business reviews, the CEO and Executive team discuss and address specific ESG topics, making ESG part of the way that the company is led.

Highlights from our 2022 ESG Report:

  • Continuing to strengthen governance practices including instituting ESG governance practices, formalizing management plans to reduce supply chain risk and bolstering cybersecurity policies and training
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Albireo Energy’s 2021 ESG Report 

We invite you to explore our 2021 ESG report and see how our commitment to sustainability has evolved over the past year. Our goal is to be transparent about our progress, share our successes and challenges, and continue to improve our ESG performance.

1 To identify these sustainable services, Albireo Energy leveraged the definitions and language provided by the EU Taxonomy for Sustainable Economic Activities, CDP (formerly the Carbon Disclosure Project), GRESB, ASHRAE, and the USGBC.

2 IEA, “Net Zero by 2050 A Roadmap for the Global Energy Sector” https://www.iea.org/reports/net-zero-by-2050

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