A SUSTAINABLE business plan
One of the world's largest private equity firms achieves tens of millions in energy savings from sustainability efforts and strategic energy sourcing.
Blackstone: Customer Story Key Figures
15% reduction of CO2
Tens of millions of energy savings from sustainability and energy sourcing
Get the right source of energy at the lowest possible rates
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With innovative technology and services at every level of the organisation, Blackstone developed an aggressive and sustainable energy-management strategy, which is paying dividends at over 20 portfolio companies and counting.
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The Challenge
• Blackstone is one of the world's largest private equity firms, managing more than $365 billion in assets. To stay ahead in a competitive market, the company looks for every opportunity to save and is quick to move and capitalise on smart investments.
• Blackstone oversees operations across multiple industries and geographies — a portfolio with a sizeable energy spend.
• To manage resources and expenses, Blackstone needed actionable energy and sustainability data for the companies it owns and supports.
• "It's critical to handle each region with some level of consistency. We're a data-driven organisation. And I approach sustainability the same way. I have to have good data no matter the location," said Don Anderson, Chief Sustainability Officer at Blackstone.
The Solution
Connectivity and Efficiency with EcoStruxure™
Apps, Analytics & Services: Resource Advisor enterprise data management platform
Energy & Sustainability Services: Energy consulting and strategic energy sourcing
• Working with Schneider Electric, Blackstone developed an aggressive energy-management and sustainability strategy.
• Blackstone uses EcoStruxure Resource Advisor, a cloud-based platform that captures and normalises energy and utility data at all levels of the company's portfolio, from individual sites to regional cross sections.
• The technology is paired with an Energy & Sustainability Services consultant from Schneider Electric, dedicated for each site. These experts help interpret the data, and pinpoint and act on opportunities for efficiency improvements.
• Data from Resource Advisor allows Blackstone to negotiate contracts with utilities and other suppliers, getting the right source of energy at the lowest possible rates.
• The data is also used to develop sector-specific scorecards, which are automatically updated to drive programme participation across critical KPIs.
The Results
• Active energy management programmes and collaboration at over 20 portfolio companies and counting.
• Tens of millions in energy savings from sustainability efforts and strategic energy sourcing.
• Ongoing relationships and cost reduction with companies after they have been divested.
• "Having data on past performance helps me make the case to the next business," Anderson said.
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