Bench-marking helps real estate professionals capture, understand, and navigate the vast array of performance data now available, and better monitor and manage costs, mitigate risks, and reduce the environmental impact of real estate investments. By combining data from multiple sources, including EPA ENERGY STAR Portfolio Manager®, physical visits to the properties, input from property management teams, and client databases, Bench-marking provides a comprehensive view of building performance and a secure platform for sustainability reporting and decision making.
Bench-marking and Transparency
The core energy efficiency policy that IMT supports is the bench-marking and transparency of buildings’ energy use. Bench-marking means measuring a building’s energy use and then comparing it to the average for similar buildings. It allows owners and occupants to understand their building’s relative energy performance, and helps identify opportunities to cut energy waste.
A recent analysis by the U.S. Environmental Protection Agency showed that buildings that are bench-marked save on average 7% in energy over three years.
Energy bench-marking case studies: See buildings in Seattle, Philadelphia, and Washington that saved money and energy through bench-marking.
Fourteen cities, two states, and one county in the U.S. have passed policies requiring bench-marking and transparency for large buildings. These policies will soon affect almost 5 billion square feet of floor space in major real estate markets—making them powerful catalysts for energy efficiency in the built environment. All cities and states that require bench-marking call for the use of ENERGY STAR Portfolio Manager, a free, online software tool created by the U.S. EPA.
In this two-page fact sheet, IMT highlights a range of these benefits, from increased competition and market choice to job creation and energy and cost savings. We also explore how this growing pool of data is allowing government agencies, utilities, and building owners to make more cost-effective and smarter business decisions.
Current regulations vary in terms of the types and sizes of buildings they affect and the forms of transparency they require. To learn more about individual policies, consult the policy briefs on our sister website Building Rating.org:
District of Columbia
New York City
Montgomery County, Md.
Kansas City, Mo. (under development)
MDGREENENERGY can help you out bench-marking your building.