Unique solution helps take real-time action to improve energy efficiency, reduce waste, manage disruptions in residential, commercial, and industrial properties, and provide one-stop reporting for ESG purposes.
Mumbai, India, October 8, 2024: LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced the launch of their new comprehensive ESG digital transformation platform, Smart Spaces 2.0.
With Smart Spaces 2.0, existing and new buildings can be fitted with the latest IoT devices, and facilities teams can instantly access key data on the platform pertaining to operational and environmental metrics such as energy, emissions, water, and waste. It can help achieve significant savings and operational excellence for investors, landlords, building managers, and tenants across residential and office buildings.
In commercial and industrial settings, Smart Spaces 2.0 can help with end-to-end ESG reporting across key factors while delivering predictive maintenance and repair inputs. Clients can also integrate Smart Spaces 2.0 with their existing building and plant management systems to take instant action on alerts provided by the system.
Smart Spaces 2.0, a comprehensive suite available through iNXT-LTIMindtree’s Digital Transformation Platform, helps enable intelligent and connected building spaces, ensuring optimal efficiency and reliability, with a holistic suite of solutions to lead and accelerate enterprise digital transformation from an ESG perspective. Using the platform, organizations can easily adhere to national and global standards for sustainability frameworks such as GRI, TCFD, BRSR, CSRD, and Greenmark ISO frameworks.
Monish Mishra, Chief Business Officer, iNXT, LTIMindtree, says, “LTIMindtree’s iNXT business is excited to announce the launch of the Smart Spaces Solution. This innovative solution, along with its accelerators, has a comprehensive suite designed to drive and expedite enterprises towards smart building transformations and ESG excellence. Smart Spaces is both modular and adaptable and can be seamlessly integrated with the organization’s ESG ecosystem.”
Paneesh Rao, Chief Sustainability Officer, LTIMindtree, said, “Smart Spaces is an integrated platform that provides a solution in managing the exhaustive data of E, S & G pillar. It not only helps in connecting the campuses at enterprise levels but also ensures value chain and supply chain sustainability. With our ambitious ESG targets like becoming Net Zero by 2040, 85% + increase in renewable energy share by 2030, becoming zero waste to landfill by 2030, inclusive workforce with 40% women, 10% diverse suppliers, etc., we will benefit by utilizing Smart Spaces. It will be an important tool and solution to the ESG community to bring comprehensive benefits and visibility to an organization’s ESG goals and journey.”
The Smart Spaces 2.0 solution can provide global insights with trend analysis on sustainability performance across each pillar—environment, social, and governance—and an ESG score. With advanced analytics systems for gap prediction, it recommends and promotes optimization with energy savings, water conservation, waste recycling, emission tracking, and reduction. It also brings together complete transparency in supply chain, vendor management, and CSR initiative management. Smart Spaces also aims to improve productivity in workspaces with better indoor environmental quality and occupants’ dynamic care, safety, and security.
Alongside various global client implementations, LTIMindtree has implemented the Smart Spaces 2.0 solution at its own offices across Bengaluru, Mumbai, and Chennai, with other global offices to follow.
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