Other environmental and financial benefits of mandatory public disclosure of building performance, include:
• providing building owners and managers with an effective and consistent measure of their building’s performance,
• enabling benchmarking to help set realistic and effective performance targets, and
• allowing utilities and service providers to use the data collected to create and tailor more effective energy conservation programs, policies, and incentives.
As more energy data become available, it becomes easier to identify which buildings — and which building types — are underperforming. Energy conservation programs can then target these buildings, making the task of improving their performance more manageable.
Mandatory public disclosure of building energy performance and minimum energy performance requirements have already resulted in building energy use and carbon emissions reductions in many North American cities, benefits that will increase with continued program development and implementation.
As more cities exert leadership through reporting requirements, additional real estate portfolios will be pushed to comply, offering increasing opportunities for improved environmental performance and cost savings.
Read the full article on the GRESB website.
GRESB is an international organization that assesses the sustainability performance of real estate and infrastructure portfolios and assets worldwide.
[To subscribe to Insights, contact the editorial staff at firstname.lastname@example.org.]