Real estate accounts for about 10% of global GDP, but uses 40% of all energy, 25% of water and emits almost one-third of greenhouse gases. The accelerated growth of urbanization in developed countries and emerging markets represents an unprecedented opportunity for more sustainable practices and for buildings. Sustainable Real Estate can be described as having high performing efficiency programs in place to ensure all forms of properties can perform at optimal design. The concept goes further to reduce environmental impacts and operating expenses while maximizing occupant health, productivity, and building value, improve the bottom line, and outperform the market.
It can also consist of measuring and benchmarking key performance indicators to identify the impacts of the programs in place and over time. Monitor, identify, forecast, recommend, budget, and evaluate higher performing efficiency technologies and sustainable opportunities for added value to the portfolio
Ways to achieve sustainable Real Estate is through managing all aspects of the company’s energy, water, waste, and emissions data, maintaining a centralized Environmental Management System (EMS) platform and reporting the performance through programs such as GRESB (Global Real Estate Sustainable Benchmarking).
NOI Growth & Value creation is another strategy towards sustainable Real Estate. Establishing and benchmarking performance targets are key.