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In today's rapidly changing world, the push towards greater energy efficiency and a shift towards net-zero carbon emissions have become paramount.
Globally, buildings are responsible for 40 percent of greenhouse gas emissions. In cities with advanced transportation infrastructure, buildings can account for up to 80 percent of emissions. Sustainable building practices will not only reduce emissions but also create better, more comfortable environments for occupants. By 2040, two-thirds of the existing buildings will still be in use, making the focus on existing buildings crucial.
There is a growing demand for high-performing, sustainable buildings. Research indicates that such buildings command higher rental and sales premiums, lower operating expenses, and increased net operating income per square foot. This market pressure is a driving force behind the adoption of sustainable building practices.
In addition, energy codes, benchmarking ordinances, and building performance standards are essential tools for ensuring that buildings meet environmental, social, and governance (ESG) goals.
Energy codes are designed to set energy performance standards that buildings must adhere to. While progress has been made in improving these codes, challenges remain, such as variations in code adoption at the state level.
Benchmarking ordinances are policies that require building owners to track and report energy and water use. These ordinances provide transparency and enable data-driven decisions. Over 30 jurisdictions in the U.S. have adopted benchmarking ordinances.
Building Performance Standards are designed to reduce carbon emissions by improving energy efficiency, gas and water usage, and peak demand in buildings. Various jurisdictions in the U.S. have adopted BPS, with more in the pipeline.
