This has resulted in more than $5 million in total savings for CBRE’s Global Workplace Solutions (GWS) clients, the company says.
Through the pilot program, CBRE’s GWS Global Energy & Sustainability group worked with a targeted group of eight clients across 381 sites to achieve cost savings through resource conservation.
CBRE plans to expand this program to even more clients and sites, thus producing an even greater potential to reduce clients’ spending on water and enhance sustainable practices.
CBRE manages facilities across the globe, totaling 5 billion square feet, on behalf of its clients.
Businesses are increasingly looking to curb their spending on water. According to the Institute of Public Utilities at Michigan State University, the cost of water has increased at more than triple the rate of inflation (Consumer Price Index) in the US.
Additionally, drought conditions in California and Texas have especially contributed to the rising cost of water as water companies increase prices in an attempt to control consumption.
Photo Credit: drought via Shutterstock