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Student housing operator and ESG tech firm join forces for sustainable living

16th February 2024

Purpose-built student accommodation (PBSA) and rental residential firm Nido has formed a strategic partnership with ESG technology firm Utopi to reduce the carbon footprint of its assets across its Europe.

Nido will use Utopi's sensors and its data insights platform to monitor the carbon impact of its assets, starting with PBSA assets in Ireland and Denmark (pictured above).

By effectively measuring energy consumption within each building, Utopi estimates a potential reduction in energy use and carbon impact by up to 20% over a three-year period.

Initial results found two assets in the pilot scheme were running at average temperatures above 20°C, which were reduced to below this level by engaging with residents to drive more efficient use of energy.

Darren Gardner, CEO of Nido, said: “We are conscious of our environmental impact as asset operators and helping our residents reduce their carbon footprint is a priority. Our partnership with Utopi recognises that sustainability is linked to residents’ attitudes towards energy consumption and, following measurement and target-setting, we now have the consistent, real-time data we need to journey towards significant reductions in energy use and carbon emissions.”

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