Making good on annual energy and water performance goals is hard.
Whether you’re a building owner or operator, work on-site or in a corporate office, your day-to-day work life does not revolve around energy and water performance. Other, more seemingly urgent priorities arise that continually postpone analyzing and taking action on energy and water usage. But, by devoting a small, focused amount of time, you can develop an energy and water strategy that will result in more efficient, sustainable, and profitable buildings.
You can do this! And here’s how.
Set Tangible Goals
Take Bozzuto Management Company. In 2015, they sought to reduce energy across all company-managed properties and establish corporate sustainability goals. Bozzuto defined specific targets like their annual 3% energy savings portfolio goal, joined an energy efficiency initiative under U.S. Department of Buildings’ Better Buildings Challenge, and established a goal of increasing recycling by a minimum of 5% year over year across all communities.
“By establishing a meaningful and achievable goal – the first of many focused on sustainability – we are able to share with our clients that we too are committed to high performance. We can work in partnership with them while growing and promoting a culture of sustainable operations internally.”
Director of Sustainability, Bozzuto Management Company
Design and Implement Your Strategy
The first step many Bright Power clients, like Bozzuto, take to implement their energy and water strategy is to benchmark their properties. Through an analytics tool like our EnergyScoreCards cloud-based platform, they can gain a deeper understanding of their energy and water consumption, identify and prioritize opportunities for improvement, and measure and verify results after project implementation.
By defining their goals, outlining a tangible strategy, and implementing it, Bozzuto was able to achieve a 3% energy reduction in 2017 across their whole portfolio. This decrease in energy usage translates to nearly $1 million in savings compared to 2016 data measured in EnergyScoreCards and over $15.5 million in increased asset value across the entire portfolio. Not to mention being awarded ENERGY STAR Partner of the Year for the second year in a row and named Property Management Company of the Year by the National Association of Home Builders (NAHB), showcasing that you don’t have to choose between doing what’s right for your business and for the environment.
Clients like Bozzuto Management Company are proving that with a sound energy and water strategy in place, goals can be met.
Continue reading here to learn why having an energy and water strategy is important, how to get projects done more holistically, and tips to staying on track so that you can reach your goals.