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CoreNet Global to real estate execs: 'Move forward on net-zero'

CoreNet Global to real estate execs: 'Move forward on net-zero'

Commercial real estate group encourages corporate action, government initiatives in support of green design.


By BD+C Staff | February 20, 2013
CoreNet encourages real estate execs to consider energy-efficient design.
CoreNet encourages real estate execs to consider green power and other energy-efficiency initiatives.

CoreNet Global, a major international association for corporate real estate and workplace executives, has released a public policy statement advocating adoption of net-zero energy buildings: "We support the principle that smart and responsible energy policies and practices reduce corporate carbon footprints and greenhouse gas emissions, and we encourage our members' companies to drive energy efficiency to optimal levels with net-zero buildings as a top measure of long-term success."

The same statement calls on federal governments around the world to incentivize building owners, investors, and occupants who proactively reduce their carbon footprints through the use of green energy development and retrofits.

"Office, industrial, retail and other types of commercial real estateĀ account for 40% of the world's annual energy consumption, makingĀ energy management and energy conservation socially responsibleĀ corporate practices," says CoreNet Global Chairman Jim Scannell,Ā Senior Vice President of Administrative Services at The TravelersĀ Companies, Inc.

The statement emphasizes "tangible benefits for companies andĀ management teams which prioritize energy efficiency and take steps toĀ reduce the carbon footprint. They will realize meaningful return onĀ investment financially, socially and environmentallyā€”as is consistent with the principles of the Triple Bottom Line accountingĀ model."

CoreNet Global's Issues Advocacy Focus Group coordinated theĀ wide-ranging statement based on extensive input from subject matterĀ experts and the extensive, long-term documentation of best-in-classĀ energy management practices from among its more than 7,900 membersĀ worldwide.Ā It also marks the first time that corporate occupiers representing theĀ demand side of the commercial real estate industry have spoken with aĀ unified voice to advocate for public policy issues and corporateĀ practices that impact business and society. In its 2012 IndustryĀ Leaders Opinion Poll, 90% of CRE executives who responded regardĀ energy management as the most urgent issue facing the CRE industry.

"We're beginning to see the huge environmental, social and economicĀ benefits that energy-independent facilities are offering," ScannellĀ added.

A related finding from CoreNet Global's new Corporate Real Estate 2020Ā research initiative identifies one key enabler of the migration towardĀ net-zero, predicting that buildings will become energy-producingĀ "micro-grids" that can share electric power across public and privateĀ distribution networks.

Key action steps advocated for developers include articulating a clear and compelling vision for energy efficiency; working with energy suppliers and other pieces of the supply chain; and continuously measuring consumption and performance. Government programs advocated include tax deductions for energy-efficiency projects; a federal loan guarantee program for retrofits; state and local incentives that favor efficiency upgrades or retrofits; and updated building codes that reward companies for peak performance.

(http://bit.ly/UJe2Wb)

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