A recent analysis from Urban Land Institute’s (ULI) Greenprint Center for Building Performance reports “that many of the world’s leading commercial real estate owners and managers are making significant progress in reducing energy consumption, carbon emissions and water usage in their buildings.”1
The ULI Greenprint Center focuses on reducing the carbon footprint of existing buildings –
which currently account for one-third of global carbon emissions – through measurement, benchmarking, knowledge sharing and education. Benchmarking data and performance results from participating properties are presented each year in the Greenprint Performance Report. Members of the center lead by example through their efforts in exploring and implementing technologies that reduce energy consumption and carbon emissions.
Energy Update readers may recall a September 2016 article on the impact of actions by the Global Real Estate Sustainability Benchmark (GRESB) to reduce carbon emissions.
In that article, we reported that “the global real estate sector is working to manage its carbon footprint, build resilience in the face of climate change and respond to more stringent environmental regulations,”2 according to Nils Kok, CEO of Global Real Estate Sustainability Benchmark (GRESB), an industry-driven organization committed to assessing the environmental, social and governance (ESG) performance of real assets globally, including real estate portfolios and infrastructure assets.
2016 GRESB assessment data showed that 90 percent of property companies and funds reporting to GRESB are integrating carbon management strategies into their investments. These actions have contributed to a 2 percent annual decrease in carbon emissions, which GRESB noted at the time, is the equivalent of taking 704,464 passenger cars off the road.
The findings were based on responses from 759 real estate companies and investment funds, representing more than 66,000 assets across 63 countries with a combined value of $2.8 trillion. In 2016, 18 debt funds participated in the GRESB assessment.
Closer to home, WGL Energy Services, Inc. (WGL Energy) can help large commercial real estate customers manage energy consumption and reduce their carbon footprints. Carbon Offsets from WGL Energy, as an example, are an affordable and innovative way to reduce your carbon footprint, implement sustainable business practices, and support cleaner air and water in our region.
A carbon offset represents a reduction of greenhouse gas emissions made in one place to compensate for emissions created in another place. Large commercial Carbon Offsets from WGL Energy are Green-e® Climate certified and derived from verified carbon reduction projects in the waste management sector, which capture and destroy methane from regional landfills. For more information about the projects supported, click here.
Our energy market experts will work with you to customize a carbon offset plan that meets your sustainability objectives. You can choose to match any portion of your natural gas usage with carbon offsets, or offset the environmental impact of other activities such as business travel, conferences and events. After your purchase, you'll have access to marketing materials that can be used to increase the visibility of your environmental commitment.
Schedule an appointment with your account manager to learn more about ways to reduce your carbon footprint. Or, visit the carbon reduction page for large commercial customers on our website at www.wglenergy.com.
About Urban Land Institute (ULI)
The mission of the Urban Land Institute is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Visit their website to learn more.
1 Institute, U. L. (2016, October 20). Commercial Real Estate Industry Continues to Make Progress in Reducing Energy Consumption, Carbon Emissions and Water Usage, Says New Analysis from Urban Land Institute's Greenprint Center. Retrieved July 15, 2017, from http://www.prnewswire.com/news-releases/commercial-real-estate-industry-continues-to-make-progress-in-reducing-energy-consumption-carbon-emissions-and-water-usage-says-new-analysis-from-urban-land-institutes-greenprint-center-300348733.html
2 Borchersen-Kito, S. (2016, September 8). GRESB Data Shows Broad Improvement in Real Estate ESG Performance. Retrieved September 15, 2016, from https://www.reit.com/news/articles/gresb-data-shows-broad-improvement-real-estate-esg-performance