Once benchmarking helps you understand how your building is performing, you need to determine your performance goals. Goals can be based on regulatory requirements, such as DC’s BEPS legislation; investor pressure; tenant demand; market trends; or internal company targets. You need to consider your most important immediate and long-term goals and create a comprehensive plan to meet them. The questions below can help you determine your next steps.
Which of the following goals are you interested in achieving?
Compliance with local regulation
- Meeting the short-term, minimum requirements for compliance with BEPS?
- Aiming for long-term compliance with BEPS?
- Achieving company- or organization-wide sustainability targets?
- Looking towards the future of DC’s climate-related policies and goals?
- Completing the lowest-cost option available?
- Receiving the best value for your budget?
- Increasing your property value?
- Lowering your utility and other operating expenses?
- Generating additional revenue?
- Increasing your tenant satisfaction or retention rates?
- Meeting new market demands for healthy spaces?
- Improving indoor environmental quality for building occupants?
- Eliminate the use of fossil fuels in your building?
- Improving overall building operations?
External market leadership and corporate social responsibility visibility
- Increasing brand recognition?
- Improving brand image?
- Certifying your building under LEED, WELL, Fitwel, or any other program to receive recognition?
- Reporting to GRESB, Global Reporting Initiative, CDP, the Sustainability Accounting Standards Board), Task Force on Climate-Related Financial Disclosures, or other organizations to have your business or building(s) assessed by a third party?
- Committing to use your economic power to hire small, minority-owned, women-owned and other historically disadvantaged business enterprises?
- Leveraging your building or project to support the local community?
Internal company goals
- Establishing a culture around sustainability?
- Improving the knowledge, skills, and capacity of current staff members?
Use the answers to these questions, alongside an understanding about your building’s performance, to inform project scope.