Reporting Requirements. Solved.
New state and municipal energy and water disclosure requirements are evidence sustainability reporting has evolved from a voluntary to compliance requirement. Over 46 jurisdictions ranging from cities to entire states now require commercial buildings to collect and report on energy and/or water performance. These requirements are often annual, but in some cases, like California’s AB1103 legislation, reports are required before lease, disposition or refinance transactions can be completed.
The good news is your voluntary reporting activities have been a dress rehearsal for the real deal. You should have set all your buildings up on automated utility data collection and ENERGY STAR benchmarking software which allows you to push a button and be done with reports before you’re hammered by fines or other penalties.
Stay ahead of the law by finding out how many buildings you own are subject to energy or water disclosure regulations before you get fined or a transaction is held up. Here’s a list of the most important reporting requirements that affect your US assets.
|Regulation Name||Jurisdiction||Asset Criteria|
|Executive Order 88||New York|
|Local Law 84||New York, NY|
|Green Building Act of 2006||Washington, DC|
|Clean and Affordable Energy|
Act of 2008
|Chicago Green Office Challenge||Chicago|
|Atlanta Commercial Buildings Energy Efficiency Ordinance||Atlanta, GA|