Tririga Offers Full Rebate on $49K Carbon Accounting Software

Tririga Offers Full Rebate on $49K Carbon Accounting Software

Real estate management software developer Tririga unveiled an offer it hopes large organizations with lots of buildings can't refuse.

The Las Vegas-based company will give 100 percent rebates on the $49,000 base module of a software line designed to help large organizations measure, manage and reduce greenhouse gas emissions in their real estate holdings. The promotion of the Tririga Real Estate Environmental Sustainability (TREES) Metrics software runs through Sept. 30.

The Metrics software is TREES' foundation application, used to establish baseline and benchmark environmental data, such as energy use, efficiency, carbon intensity and solid waste recovery, among other indicators. With this critical data in hand, organizations can then devise a reduction strategy, John Clark, Tririga's director of climate change solutions, explained in a telephone interview Tuesday.

"What TREES delivers is a framework for measurement of an organization's environmental impacts to identify underperforming locations, provide a set of analysis tools that evaluate different abatement options, and manage those through completion," Clark said. "It includes a set of maintenance processes to keep equipment operating at peak resource efficiency."

The full TREES suite can be implemented at $400,000 and up for smaller accounts, and upwards of $1 million for large organizations. The rebate is paid when the TREES system goes live and does not require the purchase of other Tririga licenses.

TREES is ideally suited for portfolios with 50 or more buildings, Clark said. It consists of three components: measure, manage and reduce. The Metrics software covers the "measure" process. A second module assists organizations with putting in place reduction strategies. A third piece helps to carry out the reduction plan while also constantly monitoring the process in order to identify improvement opportunities.

The promotion comes at a time of increasing attention on corporate environmental footprints. Last week, Walmart announced it would seek greenhouse gas emissions and resource use data for tens of thousands of its U.S. suppliers, while the Securities and Exchange Commission signaled its intent to consider new disclosure standards for public companies that may include emissions data and climate change-related risks and opportunities.

But companies are also seeing that reducing environmental impacts can lead to leaner operations with larger bottom lines.

Clark estimates a theoretical customer using TREES to monitor 100 buildings stands to save as much as $7 million annually. Tririga counts among its customers roughly a third of the Fortune 100 companies, as well as organizations such as the Denver Public Schools, American Family Insurance and real estate consultancy Michael Baker Corp.

He estimates about 40 percent of TREES customers are existing Tririga clients adding on the environmental component. The rest tend to be new customers seeking the TREES software from a sustainability perspective.

The company has seen a flood of interest in its offerings this year in light of several factors, Clark said, such as growing stakeholder demand within retail and consumer products sectors. Other drivers include the transparency and accountability requirements organizations must meet to secure energy efficiency-related stimulus funds, and pending climate change legislation and regulations that will directly impact carbon-intensive industries, such as utility and energy companies. The federal government, energy and utility sector, and retail and consumer products companies comprise Tririga's top industry segments.