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 estate account for 40% of the world's annual energy consumption, making energy management and energy conservation socially responsible corporate practices," says CoreNet Global Chairman Jim Scannell, Senior Vice President of Administrative Services at The Travelers Companies, Inc.
The statement emphasizes "tangible benefits for companies and management teams which prioritize energy efficiency and take steps to reduce the carbon footprint. They will realize meaningful return on investment financially, socially and environmentally—as is consistent with the principles of the Triple Bottom Line accounting model."
CoreNet Global's Issues Advocacy Focus Group coordinated the wide-ranging statement based on extensive input from subject matter experts and the extensive, long-term documentation of best-in-class energy management practices from among its more than 7,900 members worldwide. It also marks the first time that corporate occupiers representing the demand side of the commercial real estate industry have spoken with a unified voice to advocate for public policy issues and corporate practices that impact business and society. In its 2012 Industry Leaders Opinion Poll, 90% of CRE executives who responded regard energy management as the most urgent issue facing the CRE industry.
"We're beginning to see the huge environmental, social and economic benefits that energy-independent facilities are offering," Scannell added.
A related finding from CoreNet Global's new Corporate Real Estate 2020 research initiative identifies one key enabler of the migration toward net-zero, predicting that buildings will become energy-producing "micro-grids" that can share electric power across public and private 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)
Related Stories
Sustainability | Apr 4, 2023
ASHRAE releases Building Performance Standards Guide
Building Performance Standards (BPS): A Technical Resource Guide was created to provide a technical basis for policymakers, building owners, practitioners and other stakeholders interested in developing and implementing a BPS policy. The publication is the first in a series of seven guidebooks by ASHRAE on building decarbonization.
Sustainability | Apr 4, 2023
NIBS report: Decarbonizing the U.S. building sector will require massive, coordinated effort
Decarbonizing the building sector will require a massive, strategic, and coordinated effort by the public and private sectors, according to a report by the National Institute of Building Sciences (NIBS).
Education Facilities | Apr 3, 2023
Oklahoma’s Francis Tuttle Technology Center opens academic center for affordable education and training
Oklahoma’s Francis Tuttle Technology Center, which provides career-specific training to adults and high school students, has completed its Francis Tuttle Danforth Campus—a two-story, 155,000-sf academic building. The project aims to fill the growing community’s rising demand for affordable education and training.
Sports and Recreational Facilities | Mar 30, 2023
New University of St. Thomas sports arena will support school's move to Division I athletics
The University of St. Thomas in Saint Paul, Minn., last year became the first Division III institution in the modern NCAA to transition directly to Division I. Plans for a new multipurpose sports arena on campus will support that move.
Healthcare Facilities | Mar 26, 2023
UC Davis Health opens new eye institute building for eye care, research, and training
UC Davis Health recently marked the opening of the new Ernest E. Tschannen Eye Institute Building and the expansion of the Ambulatory Care Center (ACC). Located in Sacramento, Calif., the Eye Center provides eye care, vision research, and training for specialists and investigators. With the new building, the Eye Center’s vision scientists can increase capacity for clinical trials by 50%.
Libraries | Mar 26, 2023
An abandoned T.J. Maxx is transformed into a new public library in Cincinnati
What was once an abandoned T.J. Maxx store in a shopping center is now a vibrant, inviting public library. The Cincinnati & Hamilton County Public Library (CHPL) has transformed the ghost store into the new Deer Park Library, designed by GBBN.
Multifamily Housing | Mar 24, 2023
Momentum building for green retrofits in New York City co-ops, condos
Many New York City co-op and condo boards had been resistant to the idea of approving green retrofits and energy-efficiency upgrades, but that reluctance might be in retreat.
Legislation | Mar 24, 2023
New York lawmakers set sights on unsafe lithium-ion batteries used in electric bikes and scooters
Lawmakers in New York City and statewide have moved to quell the growing number of fires caused by lithium-ion batteries used in electric bikes and scooters.
Multifamily Housing | Mar 24, 2023
Multifamily developers offering new car-free projects in car-centric cities
Cities in the South and Southwest have eased zoning rules with parking space mandates in recent years to allow developers to build new housing with less parking.
Multifamily Housing | Mar 24, 2023
Coastal multifamily developers, owners expect huge jump in insurance costs
In Texas and Florida, where Hurricane Ian caused $50 billion in damage last year, insurance costs are nearly 50% higher than in 2022.