Greenprint Members Demonstrate Leadership in Sustainability

Members of the ULI Greenprint Center for Building Performance continue to demonstrate leadership in sustainability in the built environment by reducing energy consumption, carbon emissions, and water use in their buildings. Greenprint is a worldwide alliance of leading real estate owners, investors, and strategic partners committed to improving the environmental performance of the global real estate industry. Through measurement, benchmarking, knowledge sharing, and implementation of best practices, Greenprint and its members are striving to reduce greenhouse gas emissions by 50 percent by 2030.

Volume 9 of the Greenprint Performance Report™, released in fiscal year 2019, tracked, benchmarked, and analyzed the performance of nearly 8,000 properties globally owned by Greenprint’s members. The report showed a 3.3 percent reduction in energy consumption, a 3.4 percent reduction in carbon emissions, and a 2.9 percent reduction in water use between 2016 and 2017 (the tracking period for the October 2018 report).

Greenprint is part of ULI’s Center for Sustainability and Economic Performance. In a statement accompanying the release of the report, Lynn Thurber, immediate past chairman of the center’s advisory board, pointed to the correlation between improved building performance and improved investment returns since Greenprint’s establishment in 2009. “Greenprint continues to expand its value proposition by working with its members to develop market solutions that will further reduce environment impact and increase asset-level net operating income,” said Thurber, who is a former ULI Global Chairman and past chairman of JLL Income Property Trust.

The properties included in the report’s analysis are located across 28 countries and account for nearly 2 billion square feet of building area. The value of real estate assets under management by Greenprint members exceeds $760 billion, which is almost 4 percent of the value of high-quality commercial properties globally.

The Volume 9 report was informed by data contributed by Greenprint members Berkshire Communities, BlackRock, CalPERS, Clarion Partners, CommonWealth Partners, DWS, First Washington Realty Inc., GID, GI Partners, GLL Real Estate Partners, Granite Properties, Heitman, Hines, Howard Hughes, Invesco, Jamestown Properties, Jones Lang LaSalle, Kilroy Realty, LaSalle Investment Management, Morgan Creek Ventures LLC, Parkway Properties, PGIM, Prologis, Rudin Management Company Inc., Savanna, Sonae Sierra, Tishman Speyer, and the Net Group.

  • “Greenprint continues to expand its value proposition by working with its members to develop market solutions that will further reduce environment impact and increase asset-level net operating income.”

    – Lynn Thurber, former ULI Global Chairman and immediate past chair, Center for Sustainability Advisory Board 

Greenprint also published a new whitepaper in fiscal year 2019, Embedding Sustainability in Real Estate Transactions. Produced in conjunction with View Inc., the whitepaper outlines 11 strategic opportunities to embed sustainability into real estate transactions. These include the following:

– During acquisition, taking a due diligence look at actual energy expenses, not estimates;
– Including big-ticket items in project financing;
– Upgrading building systems in the right order, and as soon as possible; and
– Targeting buyers that will pay a premium for sustainability.

To further promote the business case for high-performance green buildings, Greenprint partnered with the Rocky Mountain Institute to outline a  zero-over-time (ZOT) approach to help portfolio owners navigate the barriers to achieving net-zero energy by providing a roadmap to achieve cost-effective deep energy retrofits over time. Greenprint members Kilroy Realty Corporation, Tishman Speyer, and Morgan Creek Ventures contributed valuable thought leadership and examples to the report based on their own experiences working toward ZOT.

Greenprint also created a primer on Science-Based Targets, one new option for calculating and driving long-term carbon reduction goals based on data-driven science. Sustainability experts from CommonWealth Partners, Prologis, Kilroy Realty Corporation, and Brookfield Properties provided insights on their experience with sustainability goal setting to share with peers in the market looking to follow their lead.

Other Greenprint programs include its city engagement initiative, which aims to expedite industry  adoption of sustainability programs by building connections between policymakers and the development community to create mutually beneficial policies. In conjunction with the 2018 Fall Meeting, Greenprint convened leading policymakers and real estate sustainability experts in a half-day summit to discuss successful public/private partnerships at the city level for successful climate policy development and implementation.

Another program within the Greenprint Center is the Institute’s Tenant Energy Optimization Program, which helps commercial building tenants save energy and cut energy costs.

Together, Greenprint’s body of work adds to ULI’s ongoing efforts to promote sustainable development practices in communities worldwide, and to highlight the Institute’s role in helping mitigate the effects of climate change that are related to the built environment.

Find Greenprint reports in Knowledge Finder.

Find sustainability and energy efficiency experts in the Member Directory.

Give to the Annual Fund and the ULI Foundation to support ULI’s research on sustainable development.

Explore

Role of Well-Being in Real Estate Investments is Explored in Europe

Read More

ULI Advises Miami Beach to Think Big on Improving Resilience

Read More