207 - TZL - Burke Pemberton

of that work was either with developers or building owners, or sort of working with architects to help them deliver on their design scopes. And that's how it was in the beginning. And I want to say until like 2014, 2015 when we really started to do a lot more strategic work that was with the corporate sector. And that's just such a different type of engagement when you go from sort of meeting a code compliance to really trying to do something that's cutting edge, right? And we really wanted to push ourselves to be advising on the most high-performance healthy spaces that were being built in the world. And what happened with the corporate sector was that they wanted to do more than compliance and their employees and their shareholders and their stakeholders were demanding high-performance buildings. And that started with energy and then it moved more broadly to carbon and embodied carbon. And now we have teams of materials analysts that vet all the different types of materials and build databases for our corporate clients who have standards that we've helped them strategically develop to align with their own commercial corporate sustainability goals and to make sure that their real estate fleet is helping them meet their carbon goals. It's been an organic growth but sort of the demand for the business came initially from the regulatory environment. And now it's really coming from the market, I would say, and now that was we were founded in 2008, literally, our founder was driving across the country that day to start this company up with his partner the day that Bear Stearns went under, and he's listening to it on NPR on the drive across the fast Ford. It's like being an auto mechanic, if you can help to build owners save money. You know, people fix up their cars during a recession instead of buying new ones, right and that's exactly where we started. But through this last pandemic what was really interesting was, even though people started and have continued to reduce their real estate footprint, what we're seeing is a huge influx, part of this is again being driven by the regulatory market where the SEC is starting to mandate scope one and two and eventually three emissions and it's going to start requiring these public companies to look at their ESG impacts. And the investors want to know that the buildings and their portfolios are thinking about not just sustainability, but the social impacts and the governance impacts and their supply chains, and so that piece of the business has really grown for us what we would call like our ESG, consulting, reporting and carbon services. Randy Wilburn [7:53] And as I think of that, I'm thinking of companies that want to take a much more holistic approach to, not only the buildings that they acquire, but the companies that they acquired to make sure that they are those new entities, those new physical properties are in alignment with how they want to do business, and to do it in a sustainable way that lasts for the long term. I don't know about you. I don't know how many kids you have but I've got three kids, and I want to see them be able to appreciate things in the future and we have to be good stewards of what we have right now. We're

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