Measurement starts to measure up

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Matthew Tippett
EMEA Upstream Sustainability Services

99 – that is the magic number in the recently launched Volume 2 of the Greenprint Performance Report™

The Greenprint Carbon Index (page 23) – which now tracks progress in reducing greenhouse gas emissions for over 1,600 assets – has reduced from 100 in its base year of 2009 to 99 in 2010. The goal of the Greenprint Foundation is to reduce the Index to 50 by 2030 – but where will these reductions come from? Visit our new dedicated webpage to read fuller commentary on ‘avoidance through negawatts’ and ‘aversion through renewable energy’ as strategies to reduce greenhouse gases emissions.

Whilst both are needed – I would argue that property companies should have reductions through efficiency as their ongoing base priority – as a ‘negawatt’ is much cheaper than a green kWh and decarbonisation of supply requires governments and utility companies to get their acts together too.

I’d also argue that some of the most valuable benefits of initiatives like the Greenprint Foundation are somewhat hidden – that property owners and occupiers are beginning to appreciate the degree of sophistication needed to assess energy intensity and track trends for different properties (especially those that are multi-let).

In this regard, those amongst you inclined towards facts and figures, may find the relationship of sub-metering to scope 1/2 and scope 3 of the greenhouse gas protocol interesting (page 16 of the report)!”

For me – after a decade of providing sustainability measurement, monitoring and benchmarking services – it is gratifying to see the industry slowly understand that measurement needs such ‘sophistication’ in order to properly address the interlinked roles of owners and occupiers in multi-let buildings.

Keep your eyes open for launches in the coming months of industry protocols that we’ve been working on that further this mainstreaming of more sophisticated sustainability measurement:

–  Global Reporting Initiative’s Construction and Real Estate Sector Supplement
–  EPRA’s Sustainability Best Practices Recommendations

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