Harry Etra, Director of Sustainability, CodeGreen Solutions
As the second GRESB Health and Well-Being module submission cycle deadline nears (July 1, 2017), well- being in real estate is not a fading trend. Rather, it is an investor, tenant, and employee driven consideration for real estate owners and operators.
In 2016, 174 entities (over 20% of respondents) voluntarily completed the GRESB Health and Well-Being module. An interesting data point from the report was that 60% of respondents said that the most senior decision maker for health and well-being issues was different that the senior sustainability decision maker.
At Code Green, we use our own office in a laboratory for testing new technologies and initiatives. In true office-of-the-future, millennial form, we’ve embraced everything from standing desks to yoga balls to mini-elliptical machines. In one of our conference rooms, we are testing out a green wall solution and monitoring the impact on air quality in the space. At the same time, our team is piloting off-the-shelf and self-made standing desk solutions. We also encourage our team to get out of the office and schedule walking meetings.
As sustainability and energy efficiency consultants, we have seen an increasing demand for services and solutions around health and well-being. Though new to the ESG space, we’ve already been a part of project teams helping building owners and tenants across the country pursue Fitwel and WELL certifications. As part of L&L’s 425 Park Avenue project that is pursuing LEED and WELL Core & Shore Certification, we have seen tenants sign record setting leases. We expect that over time, the tenant and broker community will become more familiar with the impact of office spaces on employees’ health and well-being.
It will be interesting to see if health and well-being decisions remain separated from other environmental, social, and governance topics or if they end up following under the control of the same decision makers. We are in the early days of investors and tenants figuring out the questions to ask and metrics to track around health and well-being to inform investment and leasing decisions.
Join Bisnow as they explore the future of commercial real estate tech! They'll cover how sustainability has made its way into the industry, and how its shaping the NYC skyline.
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On May 15th Patricia Lee joined women from across the country to discuss promoting women in the green economy. We are proud to be a part of this important discussion for our industry.
In the continually evolving and growing landscape of green building certification programs, BREEAM USA In-Use has emerged as one of the newest players in the US market. BREEAM USA launched in October 2016 to provide an affordable option to benchmark sustainable building performance against global best practices. BREEAM identified a need to engage the 5.6 million existing commercial buildings in the U.S. market on issues of sustainability. The program benchmarks performance across 9 environmental sections: Management, Health & Wellbeing, Energy, Transport, Water, Materials, Waste, Land Use & Ecology, and Pollution.
BREEAM is owned by BRE, the Building Research Establishment, which has been developing standards for the built environment for nearly 100 years and is based out of the United Kingdom. BRE is owned by the BRE Trust which uses the profits from BREEAM and other BRE products to fund scientific research that helps improve the built environment, the BREEAM standard and other BRE components. Interestingly, BRE history began with research on fire prevention and extinguishing as well as construction methods for rebuilding after the First World War informing BREEAM’s coverage on value protection which other standards lack. BREEAM In-Use is a methodology backed by scientific research to rate existing buildings based on performance benchmarks. There are also no prerequisites to get started.
While the BREEAM program is new to the US, it is the most widely used program in Europe and globally, with over 2,200,000 registered projects and over 550,000 certified assets globally. The retailer Macerich has paved the way by earning the first BREEAM certification in the US for its Oaks Shopping Center in Santa Monica in March 2017.
The BREEAM standard is developed and administered by BREEAM USA team; however, certification is awarded by BREEAM Assessors through a rigorous review process and site visit. CodeGreen is thrilled to be the first BREEAM Assessor organization in New York and among the first in California. CodeGreen’s experience as a market leader and inclusive provider of services positions our team to provide comprehensive BREEAM Assessor and consulting services to our clients.
The BREEAM USA In-Use program may be a good fit for clients looking to understand how their assets are performing, provide value protection against early obsolescence, and gain environmental recognition where budget and resources are limited. We respect the inclusivity of the program and its focus on best practice as well as health and safety, which can have a large impact on value protection for any asset.
To learn if BREEAM is a good fit for your building, contact us at email@example.com.
How are developers adapting to the modern tenant? Are co-working spaces a passing fad, or a sign of changing times? What innovations are design firms implementing to accommodate the explosion of tech companies?
To find out more about the event that will discuss these questions click here.
On May 5th, 2017 CodeGreen Solutions' Lisa Bolle and Jonathon Matle will appear on a panel to discuss unconventional LEED-EB case studies, while Harry Etra moderates.
Pushing the Boundary of LEED: Unconventional LEED-EB project case studies East Coast building stock is primarily existing. Many of these buildings have unique attributes that some considered to be barriers to entry from the LEED for Existing Buildings rating system such as project type, size, or age.
Attendees will learn from sustainability consultants on how they were able to navigate the LEED-EB Rating System for unusual existing buildings. The presentations focus on JFK Terminal 4 (airport terminal), 485 Lexington Avenue (LEED-EB v4), and a building pursuing the LEED Performance Score recertification path. Attendees will leave with the ideas and tools of how to make unusual buildings work within the LEED-EB and LEED Performance Scores programs.
To register or learn more about the program, click here.
On February 28, 2017, Christopher Kinlen Senior Commissioning Engineer for CodeGreen Solutions presented at the NYC Energy Conservation CODE. The Master Class covered building mechanical systems He presented on analyzing and optimizing building systems by ensuring they are installed, operated and functioning as intended. To learn more about the event click here.
The NYC Mayor's Office of Sustainability launched the NYC Carbon Challenge for Commercial Owners and Tenants today. This program builds off the successes of prior carbon challenges for universities, hospitals, hotels and multifamily buildings and includes 10 large landlords and 12 large commercial tenants totaling over 58 million square feet of property in the city who have pledged to reduce their carbon footprints by at least 30% over the next 10 years. CodeGreen is proud to be working with many of these landlords and tenants to reduce their carbon footprints, lower energy costs and improve the environment. The aggregate reductions in this program could save landlords and tenants over $50 million. See the full press release HERE