How Standards Drive Real Estate
As environmental, social, and governance (ESG) considerations continue to gain prominence in the real estate industry, green building certifications have emerged as a crucial early step for driving sustainable and responsible practices. Green building certifications confirm adherence to certain standardized metrics for ESG performance. In this blog, we will delve into the significance of green building certifications and how they contribute to advancing ESG goals in the real estate sector.
Understanding Green Building Certifications
BREEAM (Building Research Establishment Environmental Assessment Method):
BREEAM, developed by the Building Research Establishment (BRE) in the United Kingdom, is another leading green building certification. Established in 1990, BREEAM assesses a property’s environmental impacts and sustainability performance. The evaluation includes energy, water, health and well-being, pollution, transport, and management.
LEED (Leadership in Energy and Environmental Design):
Established in 1993, LEED, developed by the U.S. Green Building Council (USGBC), is one of the most widely recognized and adopted green building rating systems globally. Similar to BREEAM, it evaluates a building’s environmental performance across various categories, including energy efficiency, water conservation, indoor environmental quality, and sustainable materials.
Other Green Building Certifications:
Green building certifications are a global standard, and becoming increasingly relevant. A few examples include Green Star (Australia), DGNB (Germany), and CASBEE (Japan).
Benefits of Green Building Certifications for Real Estate Decision-Makers
Market Differentiation: Green building certifications provide a competitive advantage in the market. Certified properties often attract environmentally and socially conscious tenants, investors, and customers who prioritize sustainability when making decisions.
Increased Property Value: Certified green buildings have demonstrated higher property values and rental rates over time. Energy-efficient buildings lead to cost savings, making them financially attractive to both investors and tenants.
Risk Mitigation: Green building certifications show that owners have anticipated various environmental risks, such as rising energy costs and potential regulatory changes. By future-proofing their properties against climate-related challenges, real estate decision-makers can better mitigate risks and safeguard long-term investments.
Measurabl: Your Partner in Green Building Certifications and ESG Reporting
To effectively manage and report ESG performance, real estate decision-makers need a comprehensive sustainability software platform. Measurabl offers precisely that—a user-friendly solution to gather, analyze, and report ESG data efficiently.
Measurabl can help you:
- Seamlessly collect and manage data for green building certifications like LEED and BREEAM.
- Monitor and benchmark ESG performance across your portfolio, identifying areas for improvement and cost savings.
- Generate comprehensive ESG reports to showcase your commitment to sustainability to investors, tenants, and other stakeholders.
- Stay up-to-date with emerging green building standards and ESG best practices.
Real estate decision-makers who embrace green building certifications gain a competitive advantage, enhance property value, mitigate risks, and contribute to a more sustainable and resilient future. With Measurabl as your partner, the journey towards sustainability becomes more manageable, Measurabl, and rewarding.