Updates To The Measurabl Sustainability Rating* For Better Peer Benchmarking
After the initial launch of the Measurabl Score, we’ve been making constant iterations to produce the most helpful peer benchmark possible. For one, we renamed this peer benchmarking system to the “Measurabl Sustainability Rating.” Here are more updates:
Measurabl Sustainability Rating expands benchmarking factors
One of the initial criticisms we received of the Measurabl Sustainability Rating (MSR) is that it did not provide enough insight to performance of the building. You spoke, and we answer.
The MSR now accounts for electricity, fuel, district, and water consumption as well as carbon emissions. This provides a boost to properties that utilize both on and off site renewable energy generation.
The utility break out is now weighted to account for the way a building’s use affects performance. The benchmark is allocated as follows:
- 54% of the overall MSR comes from electric, fuel, and district consumption. These are all energy factors that may not be applicable to every building, depending on the geographic location of the site.
- 29% comes from carbon emissions; this is influenced by energy consumption as well as energy generation source (e.g. traditional vs. renewable).
- 17% comes from water consumption.
With the new weighting system, each site’s MSR may be limited based on the performance factors that have been uploaded to our software. If you have not reported energy use to Measurabl, the highest possible rating is 17 because the only complete dataset we have is for water consumption. Conversely, if you have not reported water to Measurabl, the highest possible rating is 83 (since 17% of the overall 100 is 83).
Why we changed the name of our peer benchmark
Calling our peer benchmarking system a “score” seemed to be overstepping our bounds. We aren’t trying to “score” our users based on the performance of their buildings; we simply wanted to provide another tool to help users better understand performance versus their peers. Since we have a constantly growing database with more than 4.4 billion square feet, we feel that a benchmark against other high-performing buildings is another value-add that we can provide to our users.
Thus, we are removing the reference to “scores” in historical uses and replacing it with "Measurabl Sustainability Rating.” Each utility is given a "score" based on performance, but the overall number you receive at both the site and portfolio level is a peer benchmark called the MSR. Again, it is a peer benchmarking system, not a “score” of worth.
We will continue to develop both our benchmarking system and our software to provide more tools and more value to our users. Feel free to reach out with feedback at anytime to [email protected]. Thanks for your continued use and support!
*We’re calling our proprietary benchmarking system the “Measurabl Sustainability Rating” in all uses, present and historical.
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.