Green reporting first unlocks new savings
Investa Property Group has shifted to continuous reporting on the environmental performance of all buildings in its office portfolio. The company believes this new reporting approach better connects the daily activities of the facilities management team to the experience of its customers.
Investa Property Group has shifted to continuous reporting on the environmental performance of all buildings in its office portfolio. A first in the Australian property sector, this continuous reporting provides a new level of transparency and immediacy for tenants, investors and industry.
The reports provide:
- quarterly figures of the electricity, gas and water use per square metre of the portfolio, nine months earlier than is typical
- separate building scorecards for buildings within Investa’s office portfolio, quarterly, in the public domain, and
- a window into the day-to-day tuning of buildings for research purposes and sector improvement.
Investa states that this means of public reporting overcomes two major limitations of voluntary sustainability reporting in the sector: the delays in action from annual feedback and aggregation of results, which makes it harder to pinpoint specific areas that require attention. In addition, the company believes that its new reporting approach better connects the daily activities of the facilities management team to the experience of its customers, in this case, commercial tenants.
Already Investa has been able to leverage more active building management to achieve cost savings and operational efficiencies. At 120 Collins Street in Melbourne, through Investa’s Pulse building insight tool and new electric duct heater strategies, supply air pressure settings and temperature set point adjustments, the facilities management team has been able to cut energy use by 10 percent between April and June 2012, saving $15,000.