Governance, Risk, Compliance (GRC)

Governance, Risk, Compliance

A core issue

For NYC companies, Governance, Risk, and Compliance (GRC) isn’t just about policies and reporting — it’s a strategic framework to manage business integrity, operational risks, and regulatory obligations.

With Local Law 97 (LL97) setting aggressive carbon emission limits for buildings over 25,000 sq ft, energy management is no longer just an operational concern — it’s a core GRC issue.

NYC

Governance:
Leading with Data-Driven Accountability

ReinventNYC’s energy monitoring provides real-time, actionable insights into building performance.
Clear Oversight

Real-time dashboards and reports on emissions and energy usage for board and leadership visibility.

ESG Alignment

Accurate sustainability data powers ESG reporting and goal tracking.

Stakeholder Trust

Transparency around environmental performance builds credibility with investors, tenants, and regulators.

Risk:
Identifying, Mitigating, and Managing LL97 Compliance Risk

With fines starting at $268 per metric ton of CO2 over the LL97 limits, proactive risk management is critical.

Early Detection

IoT sensors flag energy spikes and inefficiencies in real-time.

Predictive Analytics

Forecast future energy usage to stay within LL97 thresholds.

Avoid Penalties

Automated alerts help prevent non-compliance incidents.

Compliance:
Automating Reporting and Proof of Performance

Compliance with LL97 requires detailed, verifiable data on building emissions.

Automated Data Collection

IoT devices track energy consumption at the equipment level.

Simplified Audits

Centralized, tamper-proof data storage supports compliance reviews.

Reporting Confidence

Accurate data feeds directly into required LL97 compliance filings.

Sustainability goals are now enforceable regulations.
Operational data is regulatory data.
Smart buildings are resilient, compliant buildings.

Ready to future-proof your office and stay ahead of LL97?

Let’s talk about building an IoT-enabled GRC strategy that works.