Portfolio-Level Benchmarking: Now Available With the Measurabl Sustainability Rating
The Measurabl Sustainability Rating (formerly the Measurabl Score) for individual properties launched in February. Now, we’re happy to introduce the Measurabl Sustainability Rating (MSR) at the portfolio level that provides a benchmark on your performance compared to all the other portfolios in Measurabl’s 4.4B square foot database.
Calculating the portfolio-level MSR
The Measurabl Sustainability Rating is an average of all the sites in your portfolio that have been benchmarked in Measurabl’s system compared to all other portfolios in Measurabl’s database. At this time, portfolio types are not differentiated in the MSR.
Each property in Measurabl has been peer benchmarked by comparing performance using the following utility types: electricity, water, gas, district, and carbon emissions. Individual utility ratings are given after comparing a building’s performance on each utility to similar buildings in the Measurabl database. These utility benchmarks are weighted, then rolled up to an overall MSR.
To calculate the portfolio-level MSR, we take the average of all the property-level MSR in a portfolio and compared them to all other portfolios in Measurabl’s database. The portfolio-level MSR again ranges from 0-100, with the average MSR at 50. The MSR is a time series benchmark that is updated every month as your performance data is updated. At the portfolio level, as well as the individual site, you can drill down into each utility score to better understand how you were benchmarked and identify buildings that need improvements.
Let’s take a deeper dive into how this all works. The MSR goes back 3 calendar years. For a given time frame and utility consumption type (e.g. November 2016 water consumption), the water score is the average of all properties in the portfolio with water consumption benchmarked during the timeframe of November 2016. In a portfolio with 2 properties – one scored at 40 and the other at 60 – the water MSR of the portfolio for November 2016 will be averaged [(40+60)/2=50].
What do I do with a Portfolio-Level Measurabl Sustainability Rating?
With your portfolio-level MSR, you can assess which aspects of your properties across the portfolio are performing poorly. You could take the utility breakouts with poor performance (say, water) then identify trends in building type, location, or other factors that may be affecting your consumption habits. Once the source of the issue is identified, you can take calculated action to remediate the performance challenges that your portfolio faces.
You can also analyze your MSR breakdowns to see how your rating has changed over time. Since the portfolio-level MSR is based on your site-level performance, you can see trends in both properties and portfolios to have data-driven proof of the projects and processes that have produced positive results, as well as identify well-intended projects that did not produce quantifiable change. By tracking your performance over time, you’ll be able to accurately make improvements to your portfolio and prove the ROI on your efforts.
Need more ways to use your Measurabl Sustainability Rating? Reach out to the Customer Success Team to learn how to put your MSR to use.
Measurabl empowers any company, regardless of size or type, to achieve sustainability using software to measure, manage, and act upon data. Our online software that lets you quickly and accurately file sustainability reports such as GRESB, CDP and GRI. Learn more, or get started with a free trial.