Why are so many net zero plans failing?
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Welcome back to The Measure Monthly (and Happy Leap Year)!
Today, we’re diving into all things building efficiency, including why the green premium is growing, why so many net zero plans are failing, and why workplaces are often so inefficient.
Leap in now to get the lowdown! ??
Is the green premium real? ??
According to recent data, ‘green’ real estate is more valuable and sought after than ever before.
?? On a price per square foot basis, New York and London see material green premiums of 28% and 19% respectively?
?? There’s a 26% gap in sale prices between London buildings with sustainability ratings from organizations like BREEAM and LEED and those without?
?? In Germany, apartments with an EPC of A or A+ achieve 3% higher rents, while those with an EPC lower than D have a rent discount of -1%
There are a lot of factors driving green premiums, including tenant requirements and priorities, new standards and legislation, and the appeal of lower running costs.?
And as the climate crisis continues to take its toll, it’s clear that the need for efficient and sustainable buildings isn’t going anywhere.
Why are so many net zero plans failing? ??
If making buildings more efficient is a big priority, why are so many companies failing to meet their net zero targets?
A new study has found that only 1 in 3 workplace and facilities management (WFMs) are involved in drawing up energy efficiency and carbon reduction plans.
As Sofie Hooper, head of policy and research at the IWFM, explains:?
“Every way you look at it, WFMs must be a key stakeholder when drawing up energy and carbon plans. They directly manage the buildings that account for much of the energy and carbon emissions, they understand the art of the possible in terms of change and are best placed to influence the outcomes. Plans without WFMs are flawed from the get-go.”
To have a real impact on carbon emissions, companies need to stop making decisions in silos and start getting all the relevant stakeholders involved from the outset.?
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How can companies optimize their real estate costs? ??
We’ve spoken a lot about improving energy efficiency, but how does this actually work in practice?
Next Wednesday, we’re hosting a webinar with Avanade to explore how companies can optimize their operation and achieve huge energy savings.
Josh McDonald and James Palmer will be exploring everything you need to know, including:
?? Why are underutilized desks and meeting rooms wasting so much energy?
?? How can you use data to uncover and reduce excess real estate costs?
?? What is the best way to measure the ROI of a smart building project?
We’ll even be sharing a recent case study where we helped a customer to reduce energy usage by up to 66%, so make sure you tune in for that!
LinkedIn lowdown ??
It’s been another busy month for us here on LinkedIn:
Make sure you give us a follow if you haven’t already!
That’s all from us ??
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See you next time!
The Metrikus Team