SystemCore was co-founded in 2021 by former bonds and shares trader Cathal O’Leary
Property adviser Savills Ireland estimates that Irish commercial property owners face costs of at least €7bn to upgrade their properties to meet impending energy efficiency standards. Photograph: iStock
The company has so far delivered energy upgrade projects for a number of high-profile clients, including Chadwicks-owner Grafton Group and Dublin’s Herbert Park Hotel, Mater Private hospital and Alexandra College private school. Mr O’Leary, who was head of South African investment firm Investec’s Irish bond desk between 2010 and 2015 and had previously worked as a stockbroker with NCB, co-founded SystemCore in 2021 with chartered building services engineer Conor McGinn.
Buildings currently account for 40 per cent of carbon emissions globally, according to Climate Group, an international non-profit organisation. The Irish Government has signed up to a legally-binding path to net-zero emissions by 2050 and 51 per cent reduction between 2018 and 2030.
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