Going Green Will Make Green!
Reducing utility costs is good for the bottom line but there are many other financial benefits to reducing energy consumption.
The US Green Building Council tells us on average a “green building” benefits from: – 30-50% reduced energy use – 35% reduced carbon emissions – 40% reduced water use – 70% reduced solid waste So what does that really mean in real value to a business or property owner in terms of value beyond lower utility costs? The following include brief facts illustrating some other, demonstrable benefits of “going green”. PR Opportunities: Improving how energy efficient your facility is: – Protects global resources – Decreases pollution and emissions generated during the energy production process – Protects the environment – Reduces solid waste Improving the efficiency of your facility: – Provides you the ideal opportunity to gain constructive, no cost publicity – Allows you to represent your business in a positive light – Gives your local community and your marketplace a depiction of your company as a responsible steward of the environment.
Considerable Economic Benefits:
In addition to reducing your energy costs, “going green”:
- Reduces maintenance, replacement and production downtime costs via longer life expectancy of the different loads ranging from lighting systems to HVAC systems to production equipment
- Increases the asset value of the property and enhances profitability
- Improves tenant attraction and retention for building owners and leads to higher premium tenants and higher-end leases
- Demonstrates the strength and intelligence of your executive team and attracts clients and investors
- Improves worker productivity and safety and reduces absenteeism and turnover via improved lighting and indoor air quality and comfort. According to the US Green Building Council, “green buildings” save $58 billion of sick time and add $180 billion in increased worker productivity annually.
In the end, the decision by a company or organization regarding improving energy efficiency will be based for the most part on cost effectiveness measures such as rate of return on the investment or project cost. Nevertheless, it would be prudent to acknowledge and consider the other aforementioned considerable benefits of “going green” as a part of the decision making process.
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