Institute of Market Transformation’s Ally Partnership to Increase Awareness of Building Performance Standards Requiring Energy Efficiency in Commercial Buildings
Corporate Sustainability Strategies joins Institute of Market Transformation’s as Ally Partner to increase awareness of building performance standards requiring energy efficiency in commercial buildings
HUNTINGTON BEACH, Calif., July 14, 2022 – Corporate Sustainability Strategies (CSS) has joined the Institute for Market Transformation (IMT), a nonprofit that collaborates with building owners, tenants, governments, and others to promote energy efficiency in buildings.
“CSS is honored to be an IMT Ally Partner,” said Brenna Walraven, President and CEO, CSS. “Investors are increasingly requiring greater environmental, social, governance and resilience (ESG+R) transparency and performance benchmarking. We look forward to collaborating with IMT and bringing greater awareness of building performance standards (BPS) to address building efficiency as a means to reduce carbon emissions, and better community health, resilience, and economic opportunity.”
A BPS policy can include multiple standards, each targeted to increase performance for a different type and/or aspect of a building. These can include energy, gas and water use, as well as emissions and peak energy demand. These targets become stricter over time, driving continuous, long-term improvement in building stock. BPS complements and makes building energy codes accountable; the two work in tandem to improve building performance.
“ESG practices fall squarely into ‘the right thing to do’ category for not only a company’s ESG+R obligations but for their bottom lines,” Walraven said.
- National BPS Coalition – outlines jurisdictions that have signed on to pursue a Building Performance Standard by April 2024
- IMT’s Model Ordinance for a Building Performance Standard – outlines the preferred Building Performance Standard design that IMT’s policy team is discussing with jurisdictions considering BPS policy
The Institute for Market Transformation (IMT) is a national nonprofit organization focused on increasing energy efficiency in buildings to save money, drive economic growth and job creation, reduce harmful pollution, and tackle climate change. For more information, visit imt.org.
Corporate Sustainability Strategies is commercial real estate sustainability consulting firm. Services are client-centric, focused on driving enhanced financial returns by designing and implementing cost effective ESG+R strategies. For more information, visit corporatesustainabilitystrategies.com.