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Sustainability Benchmarking In 2001 Upstream Sustainability Services established a confidential service to benchmark the sustainability of real estate assets – based on actually achieved operational performance.
Since then there have been in excess of 1,500 surveys, with 350 properties (200 offices and 150 retail properties) from eight countries being benchmarked in the current survey. To further enable cross-border benchmarking, our online sustainability benchmarking platform has been internationalised with German and French language versions launched in 2009.
Owners and occupiers of property benefit from Jones Lang LaSalle’s focus on strategies and actions for improvement, rather than static labels for a building.
Indicators to assess sustainability impacts In collaboration with participants, robust methodologies have been developed to make quantitative assessments and comparisons, at both the property and portfolio levels, of:
- Energy efficiency and carbon footprint
- Waste production and recycling (as well as landfill aversion)
- Water efficiency
- Transport (e.g. car dependency and bicycle parking provision)
- Socio-economic performance such as: community giving, customer and tenant satisfaction, health and safety, sustainable procurement etc
Sustainability Benchmarking Drives Real Operational Performance Improvements Leading property companies and investors (such as Sonae Sierra and British Land) are already contributing and benefiting from industry peer benchmarking.
From 2006 to 2008, the following collective results have been achieved, on aggregate, by the survey participants:
- 12.9% reduction for shopping centres and 13.2% for offices in energy (as CO2) per square metre of floor area.
- Increasing the proportion of total waste averted from direct-to-landfill by 50% (from 44,000 to 67,000 tonnes) at shopping centres and 13% at offices.
- 1.5% reduction for shopping centres and 7.7% for offices in water consumption per person (per visit for retail properties, per worker in offices).
Benefits of sustainability benchmarking
- Reduce operational costs
- Help develop your sustainability strategy by understanding performance and positioning relative to peers
- Compare sustainable building design with in-use performance
- Cost effective data gathering for sustainability reporting (e.g. GRI, Carbon Disclosure Project, CSR Reporting, Carbon Reduction Commitment)
Visit our other Sustainability Services pages
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Upstream Sustainability Services is the secretariat for NextGeneration, a multi-stakeholder initiative to drive best practice in sustainability to the heart of the residential development industry. Current membership covers 11 of the Top 20 UK housebuilders. Insight Investment, Bank of Scotland, WWF-UK and the Housing Corporation form the Executive Committee of the initiative. |
“Upstream’s performance benchmarking tool led the industry in establishing a baseline from which improvements can now be measured. This foresight and innovation is critical in driving our business to anticipate the changes coming on this fast moving agenda.” Paul Edwards, Head of Sustainability, Hammerson
For more information contact:
Matthew Tippett Director, Sustainability Benchmarking +44 (0)207 399 5655 matthew.tippett@eu.jll.com
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