Modernizing buildings for greater resilience requires long-term, partnership-driven approaches tailored to the needs of owners and operators. Context –Around 80% of buildings today will exist in 2050, raising concerns about safety, energy inefficiencies and costly maintenance.36 –Enhancing buildings’ resilience requires owners and operators to have greater visibility into their assets. –Children’s of Alabama medical centre, in partnership with Johnson Controls, installed a central utility plant for five buildings, reducing natural gas use by 76% and saving $681,000 annually, offering a replicable model for long-term resilience. Well-maintained buildings are safer, more energy- efficient and less expensive to operate. Retrofitting isn’t just a sustainability measure – it’s an economic necessity. Studies show that modernizing ageing buildings could cut global energy demand by 12%, generating billions in savings while strengthening resilience against extreme weather, cyber threats and operational disruptions.37 The question is no longer whether to modernize, but how we can scale solutions that make buildings more resilient, efficient and cost-effective. The challenge: ageing buildings are costly and inefficient Ageing buildings worldwide present significant challenges and opportunities. In Europe, over 35% of buildings are more than 50 years old, with nearly 75% considered energy inefficient.38 Similarly, many older structures in North America and Asia require modernization to meet current safety and sustainability standards. Meanwhile, occupants may face risks such as unexpected downtime and weakening structure or health hazards such as air quality or fire hazards. Traditional efforts have largely been fragmented and opaque, with building owners taking a project-by- project approach with single-measure or single- system retrofits. These approaches, while well- intentioned, are slow, costly and inefficient, taking years per building and generating isolated reports that make it difficult to develop long-term strategies. Without integrated planning, building owners risk unnecessary capital expenditures – whether by prematurely replacing equipment or missing opportunities to optimize energy systems at scale. A strategic approach to resilient buildings Modernizing buildings for greater resilience requires long-term, partnership-driven approaches tailored to the needs of owners and operators. One of the most effective ways to enhance energy efficiency is retrofitting ageing buildings with modern equipment, control systems and smart technologies. These systems improve asset visibility, empowering owners, operators and facility managers with real-time data, deeper insights and better decision-making for investments. They also provide sustainability managers with critical information on energy consumption, helping to advance net-zero goals. 21 Shaping Tomorrow: Responsible Innovation for a Brighter Future

Shaping Tomorrow Responsible Innovation for a Brighter Future 2025