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Creating Business Value and Enhancing Productivity through Sustainability and Innovation
The 3-30-300 rule estimates that a typical U.S.-based organization spends $3 per square foot per year on annual utility expenses; $30 per square foot per year on annual rent; and $300 per square foot per year on employee payroll. Therefore, energy-saving opportunities that result in employee productivity generate significant co-benefits. In addition, strong sustainability policies are shown to increase employee satisfaction and enhance financial returns. However, in a leased space, split incentives between the tenant and landlord lead to challenges in updating technologies or operational strategies. The EPA recently launched Energy Star Tenant Space Recognition to identify tenants that are leaders in efficient space construction. This session will provide a roadmap and case studies for forward thinking owners and tenants that want to collaborate on more efficient tenant space while also identifying lease terms that can be incorporated to achieve aggressive environmental goals including net zero.
Keywords: Boston2018
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