Check Out Our Special Report On Casino Security
Security’s Role In ESG, And How The Industry Can Do More
- Security sector must enhance ESG strategy implementation for environmental, social, governance improvements.
- Physical security market faces challenges in integrating comprehensive ESG strategies effectively.
- Expert Panel Roundtable discusses security marketplace's engagement with ESG standards.
Editor Introduction
Environmental, social, and corporate governance (ESG) standards in the broader marketplace reflect a growing recognition that business needs to lead the way in addressing a range of environmental and social issues. Environmental concerns, especially as they impact climate change, are a familiar facet of business life. In addition, social concerns include human rights and equity; basically, an organization's relationships with people. Governance refers to the structure of rules, practices, and processes used to direct and manage a company. Bringing the discussion to the physical security marketplace, we asked this week’s Expert Panel Roundtable: How well does the security marketplace implement ESG (environmental, social, and corporate governance) strategies?
The security sector has placed emphasis on implementing ESG strategies over the past few years, but there is always room to improve. At Axis Communications, one way we work to implement strategies is through our annual Sustainability Report – allowing for transparency with customers, partners, and internal stakeholders, and gauging our progress on priority initiatives. For many, finding a natural place to start can be the most difficult element of ESG. For such businesses, the UN Global Compact is a great starting point for any company looking to dive into ESG initiatives. Specifically for the security industry, one way to improve strategies is by leveraging existing partnerships to ensure responsibility across the entire value chain. By working together with partners, companies can ensure relationships are built on trust and transparency, and that they remain close with suppliers to ensure products and solutions continue to be utilised with ESG practices in mind.
While companies are taking valuable actions to support society (e.g., donating to charities, acting on slave labor) and reducing their environmental impacts (e.g., product packaging and recycling), few have clear overarching strategies that they are also implementing. At Gallagher we are sharpening our strategic approach to ESG initiatives which will stand us in good stead for the future. The marketplace needs to become more strategic with implementation of ESG because more and more customers are setting sustainability targets, particularly around reducing greenhouse gas emissions. They expect their suppliers, and their products and services, to support those targets. This means providing products and services that use minimal energy to make and use them. In addition to addressing customer expectations, in some parts of the world, we are facing increasing regulation, where companies are required to report on things such as modern slavery, and the impacts of climate change on their business. Customer expectations are the greatest in the United Kingdom and European markets, followed by Australia. Additional regulations in some markets include meeting building energy efficiency standards. With all these changes, the security marketplace must evolve from simply doing valuable ESG actions in isolation to creating an integrated ESG strategy. This is critical for business, society, and the planet.
Minimizing energy usage is now top-of-mind when it comes to building design and operations. Initially, the focus was on primary systems like HVAC, but this has evolved and today there is a real drive to chase down every watt-per-square-meter to cut consumption. From a physical access control perspective, consultants and end-users should look at door readers for incremental gains. This is not universally well known. When configured and activated, features like Intelligent Power Mode mean that readers go into standby mode when not used – overnight and at weekends for example – such that substantial power savings can be realized when you consider that hundreds of them are installed in large premises multiplied by the 15-to-20-year life span of each. Additional environmental gains can be achieved by transitioning away from the humble PVC access card. The latest smartphone-based credentials – which support integration with Apple Wallet and are easily managed using cloud-based services – avoid the waste and carbon emissions associated with plastic card production. Market feedback shows that up to 15% are renewed every year aside from planned renewal schemes. Furthermore, HID Global has made sure our products enable our customers to meet BREEAM and LEED certification. People might not be aware of this, but we provide Environmental Product Declarations [EPDs] for our readers so that designers can accrue more points when they undertake their environmental analysis and produce building lifecycle assessments (LCAs). This is not a ‘nice to have’ anymore. Customers are demanding more from OEM suppliers in terms of their environmental track record, with sustainability now directly influencing purchasing decisions.
Editor Summary
There are specific ways the physical security market is addressing various aspects of ESG, but there is always more to do. The first steps are to raise awareness of the issues and to challenge companies to expand their programs and strategies to aspire to the ideals of environmental, social and governance standards.
- Related companies
- Axis Communications
- Gallagher Security
- HID
- Related links
- Axis Communications Access control software
- Axis Communications Video Surveillance software
- Gallagher Access control software
- HID Access control software
- Access Control Software Access control software
- Biometric Access control software
- ANPR Software Video Surveillance software
- Broadcast Messenger Access control software
- Contact Access control software
- Detection Software Video Surveillance software
- Mifare Access control software
- Card Printer Access control software
- Drawing Software Video Surveillance software
- Carpool Anti-passback Access control software
- IP Surveillance Software Video Surveillance software
- Central Monitoring Option Access control software
- Monitoring Software Video Surveillance software
- ConfiCard Creation Tool Access control software
- Surveillance Software Video Surveillance software
- Transmission Software Video Surveillance software
- Face Recognition Software Access control software
- License Access control software
- Management Systems Upgrade Access control software
- NetVue Interface to Nice Systems Access control software
- NStar software upgrade Access control software
- Server software for MSDE Access control software
- Version Upgrade Access control software
- Related categories
- Access control software
- Video Surveillance software
- View all news from
- Axis Communications
- Gallagher Security
- HID
Expert commentary
Security beat
The Key To Unlocking K12 School Safety Grants
DownloadHoneywell GARD USB Threat Report 2024
DownloadPhysical Access Control
DownloadThe 2024 State Of Physical Access Trend Report
DownloadThe Security Challenges Of Data Centers
DownloadClimax Mobile Lite: Advanced Personal Emergency Response System (PERS)
Hanwha Vision OnCAFE: Cloud-Based Access Control for Modern Enterprises
Delta Scientific MP100 Portable Barricade Solution