With consumer expectations trending toward sustainable technology and products, retailers are also looking for sustainable locations and property owners are leading by focusing on how to reduce their environmental footprint and minimizing operating expenses, the world’s largest commercial real estate association says.
The Property Efficiency Scorecard, designed by landlords, will allow property owners to benchmark their efficiency by inputting data — from one center, or an entire portfolio — online on energy use, water consumption, recycling and waste, and green operating practices. Users will be able to compare their center(s) to similar properties, and receive basic suggestions on how to improve performance, based on their results.
Enrollment for the scorecard will begin in January 2014, and payment is based on a $2,000 subscription per company and a fee ranging from $500 to less than $50 per center, depending on the number of properties subscribed.
ICSC estimates that more than 1,000 properties will benchmark in 2014, and as sustainability performance becomes an increasingly higher priority, ICSC anticipates this growing over the next several years.
Last week the Sustainable Apparel Coalition (SAC), whose member including Adidas, Burberry, Coca-Cola and Levi’s represent more than a third of the global apparel and footwear market, launched an updated version of the Higg Index, a sustainability measurement tool for the industry’s supply chain.
Photo Credit: shopping center by Ozgur Guvenc/Shutterstock.com