A partnership between the Urban Land Institute Greenprint Center for Building Performance (Greenprint) and Measurabl will improve environmental management and building performance tracking for more than 20,000 commercial buildings, the organizations say.
This will also help building owners reduce costs.
Buildings are responsible for 40 percent of energy consumption, 25 percent of water consumption, and 33 percent of total global greenhouse gas emissions, according to the United Nations Environment Programme. And a growing number of studies suggest sustainable facilities reduce owners’ operational expenses, have a higher asset value compared to traditional buildings and improve worker productivity.
Greenprint is a global consortium of real estate owners, investors and strategic partners committed to improving the environmental performance of the real estate industry while increasing the value of the properties. In the past 6 years, Greenprint members have decreased energy consumption by 13.7 percent, greenhouse gas emissions by 16.5 percent, and water use by 10.9 percent, saving $42 million in utility costs in this past year alone.
Measurabl provides sustainability software for real estate.
The organizations’ new partnership, which gives Greenprint members access to Measurabl software, covers the collective portfolio of Greenprint members and Measurabl subscribers. It was established in part to reduce the complexity of sustainability data collection, management and reporting.
In the future, the partnership will provide the real estate industry benefits including investment grade sustainability benchmarks for buildings and portfolios and greater insight into relative performance benchmarks and trends, the organizations say.
Greenprint members include industry leaders such as PGIM Real Estate, ProLogis, LaSalle Investment Management, and CalPERS, one of the world’s largest pension funds. These members add over 1.5 billion square feet to the more than 2 billion pre-existing Measurabl users, including CBRE Global Investors, Boston Properties, and USAA Real Estate Company.
The partnership comes as at least 15 North American cities, including Los Angeles, San Francisco, Seattle and Toronto, have formed commercial building districts in which the building owners have pledged to make upgrades that boost efficiency and produce a 50 percent reduction in energy, water and transportation emissions by 2030.
These “2030 Districts” include 294 million square feet of office space, the San Diego Union Tribune reports. In addition to helping building owners achieve efficiency improvements, these districts also help cities reach their environmental sustainability targets.