The Better Buildings Partnership (BBP) has published the latest results from its Real Estate Environmental Benchmark, which captures trends in operational performance from some of the largest commercial property owners in the UK.
Based on the annual utility consumption data of the commercial property portfolios of BBP members, the Benchmark report provides energy and water performance benchmarks for offices, shopping centres, shopping villages, retail parks, leisure parks, industrial parks and car parks, which can be used by others to compare the performance of their buildings.
The initiative, now in its ninth year, has continued to grow with 2019 being the biggest data collection exercise to date, which saw 31 companies submit data on over 1,000 commercial properties.
Findings from the report revealed:
- The dataset continues to grow, with an 8 per cent increase in floor area in the past year and a 160 per cent increase since 2010/11.
- The energy intensity of properties submitted into REEB continues to improve year-on-year, achieving a 25 per cent improvement over the past nine years.
- Members also improved the like-for-like energy consumption of 729 properties by 3.3 per cent in the last year.
The Real Estate Environmental Benchmark (REEB) is said to be one of the only benchmarks based on the performance of buildings ‘in-use’ and is increasingly becoming the industry standard used by investors, fund managers and property owners to compare the performance of commercial properties across the UK.
Sarah Ratcliffe, CEO of the Better Buildings Partnership said: “Gathering data on the actual in-use energy performance of commercial assets is the only way for the industry to get to grips with the size of the prize as far as climate change is concerned. REEB provides a critical insight into the energy efficiency of our members’ assets and, importantly, establishes benchmarks that can be used by the wider industry to compare performance and drive change.”
The results are published in two publicly available reports on the BBP’s website:
- The 2019 Real Estate Environmental Benchmarks: which provides updated performance benchmarks for energy and water, giving the industry an indication of what is considered “best practice”; and
- The 2019 Energy Snapshot: which highlights key energy performance trends of BBP members’ portfolios.
Join 12,000+ of your FM peers from across the world at ExCeL London on 08-10 September. Bring the team and boost your CPD, your skills and your career with seminars and workshops at the only IWFM- supported exhibition. Test, trial and source smart solutions across technology, cleaning, FM services, waste and energy management; and meet a host of suppliers for new business collaborations. Your ticket also gives you free access to co-located shows to boost your specialisms across wellbeing, smart buildings, fire, security and health & safety.