by Caroline Keicher on the NDRC blog
The City Energy Project—a joint initiative of NRDC and the Institute for Market Transformation—has been partnering with cities across the United States to develop and put into practice ambitious actions to reduce carbon emissions from buildings since 2016. Today we’re releasing a new resource—“Breaking Down the Bottom Line: The Business Case for Energy Efficiency in Buildings”—that centers a unique perspective: the first-hand experience of executives at three real estate companies—Jamestown LP, Physicians Realty Trust, and Praxia Partners—who each describe their approach to the business case for efficiency. The takeaway? There’s a compelling energy efficiency success story for every company to tell, and no “one-size fits all” approach.
This new resource, like so many in the City Energy Project Resource Library, reflects the incredible insight and knowledge that emerged from the project’s multi-year partnership with more than 20 cities. And while the Resource Library offers everything from best practices and practical guides to case studies and templates, most are written for and from the perspective of cities and advocates. This compilation of case studies, however, offers details of the energy efficiency successes experienced by commercial real estate executives and is aimed at helping other companies find their own business case for energy efficiency. While no two stories will be the same, every company can profit from its own approach to smarter energy use based on its unique values, data, building stock, staff capacity, and local market conditions. And companies can and should look to industry leaders for ideas, which is where this report—and some of its key findings—come in.