OSCRE's Environmental Data Standard
now includes Water
- Energy was published in 2023 with 5 use cases with interface specifications for 4 data exchanges.
- Water has been drafted and industry review and feedback has been conducted.
- Water will be published following approval by the OSCRE Board, scheduled for September 24th
- Water has been combined with Energy in the same 5 environmental data use cases.
- Waste is under consideration as a future project.
| Highlights of the Water Data Standards Project |
- The same 5 use cases developed for Energy apply to Water with some variation in the details.
- Energy took 6 months to develop - very fast in itself - Water took 4.
- Mirroring the 5 Energy use cases makes it easier to implement Energy and Water together.
- Major reporting platforms ask for both Energy+Water - combined use cases support this.
- The business case for implementing Water adds value beyond Energy, including:
- Measuring ROI on capital investment in projects impacting water.
- Developing the business case for water reclaimation systems.
- Improving attractiveness of assets to investors with ESG-focused funds.
- Mitigating risk of financial penalties and lack of water supply.
- Simplifies baselining water use and monitoring performance.
- Anticipating information needed for insurance and underwriting where water reslience is a factor.
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