The business case for efficiency investments in commercial buildings has long centered on several familiar arguments: reducing costs, improving operations and comfort, and increasing overall value. But in recent years, new priorities such as climate change and sustainability — as well as new opportunities such as on-site renewables and energy monitoring software — have expanded the way companies approach energy efficiency from a business perspective. A new report from the City Energy Project, “Breaking Down the Bottom Line: The Business Case for Energy Efficiency in Buildings,” examines how today’s real estate companies look at efficiency with firsthand commentary from three executives on the leading edge of sustainability.
“Energy efficiency is now a fundamental part of doing business in real estate and property management,” the authors write. “If companies miss out, they risk falling behind in terms of market competitiveness.”
Jamestown LP, a design-focused real estate investment and management firm, considers efficiency initiatives as early as the pre-acquisition phase of a property. Becca Rushin, the vice president for sustainability and social responsibility, says sustainability efforts are coordinated between the firm’s in-house teams. “I have the ability to step in and say, ‘I see your plan to replace the boiler in year five. Here are some efficient options to consider, or here’s how much you could save by doing that replacement sooner,’” she says in the report.
Whether with combined heat and power systems or propane tankless water heater upgrades, building operators have plenty of opportunities to find efficiency savings in both urban areas and remote communities. With help from the new report, you can learn how some firms are leading the way in defining and justifying the buesiness case for those investments.