ABOUT VERISAE

VISION OF A SUSTAINABLE FUTURE

Creating the Sustainability Resource Planning (SRP) Platform

Verisae’s vision is to enhance the operational and financial performance of the distributed enterprise by delivering software and services that enable the organization to actively manage and reduce costs related to facilities and the assets within them. We do this through an integrated IT platform that seamlessly enables large, dispersed enterprises to manage and take proactive measures to improve operating efficiencies, reduce energy consumption and lower carbon emissions.

Verisae’s Sustainability Resource Planning (SRP) platform encompasses the core functions of sustainability requirements by combining multiple business processes and systems into one database that is used across the organization. These modules help our customers manage and optimize facilities, the assets in those facilities, the energy those assets consume, the carbon emissions they emit, and the people who manage and maintain them.

There are three key drivers that are impacting businesses across industries:

1. Rising Energy Costs

• Multiple market and regulatory forces are dramatically increasing the cost of energy, which is expected to continue to increase over the next 10 years;
• Demand for electricity is projected to grow by 19% over the next 10 years while capacity grows only 6%;
• $10 trillion of investment in generation and transmission will be required to meet demand over the next 25 years;
• Increased building and equipment efficiency is currently the lowest cost/ highest return energy expense reduction strategy available (McKinsey & Co.);
• There is a strong correlation between improved asset maintenance and reduced energy costs.

The continuing growth in energy costs and the value of reducing those costs through better maintenance and optimized operations, increased efficiencies of energy usage, demand management and real time pricing responses will create significant strategic advantages for progressive organizations in the near future.

2. Environmental Compliance and Business Uncertainty

• There is an existing global and growing United States (US) consensus that fugitive emissions from refrigerant and other Greenhouse Gases (GHG) pose a significant threat to the earth's climate due to increasing carbon dioxide levels;

• There is US and European (EU) consensus on the need to reduce the damage caused by GHG with Greenhouse Warming Potential (GWP), including Ozone Depleting Substances (ODS);

• Current laws and regulations in the US and EU require measuring, monitoring, and managing the use of these gases;

• The disposal of waste is becoming increasingly regulated across organizations and governing bodies;

• Enforcement activity in the form of fines and negative publicity has increased significantly, and is likely to increase further as tracking and reporting of emissions becomes more commonplace.

The need to measure, monitor and manage the use of GHGs from manufacture through use, reuse and destruction will grow significantly over the next five years across multiple geographic and vertical markets. Verisae is positioned with the solution sets and industry-leading experts to help global organizations not only learn of the business challenges they face, but also to provide software and services to establish early advantages for customers who turn to actionable sustainability services.

3. The Emerging Carbon Market

• There are significant voluntary and regulatory efforts to establish carbon (CO2) emission baselines and monitor the reduction of those emissions;

• There is a rapidly growing EU market and an emerging US market for emission reduction credits. It is highly likely this market will include both mandatory and voluntary reductions and credits;

• There is a corresponding and rapidly growing need to verify emission reductions over the 21-year life of the carbon credit;

• Under a cap and trade or carbon tax scenario, organizations will be required to document additionality as well as to measure, monitor, manage and verify emission reductions;

• In 2006 California enacted Assembly Bill 32 (AB 32), requiring emission reductions;

• Many businesses and municipal entities are investing in solutions to comply with AB 32;

• It is widely anticipated there will be federal legislation passed in 2010 that will mandate the tracking and reporting of carbon emissions across an entire organization.

Verisae is uniquely positioned to offer solutions and to play an important role in measuring, monitoring, managing and verifying carbon credits in this rapidly emerging carbon market. As described previously, the largest negative cost opportunity in reducing carbon emissions exists in the area of building and equipment efficiencies.