To limit global warming by 2050 to 1.5°C (the number specified by the Intergovernmental Panel on Climate Change), every effort must be made to decarbonize buildings.1
To limit global warming by 2050 to 1.5°C (the number specified by the Intergovernmental Panel on Climate Change), every effort must be made to decarbonize buildings.1
What’s more, it’s not enough to use sustainable practices and technology just for new builds.
Decarbonizing operations in existing buildings is fundamental to net-zero goals.
And, that’s where facility managers come in.
Retrofitting buildings for greater sustainability is a journey.
Beyond the obvious environmental benefits, there are four drivers of sustainability which are relevant to every facility manager:
To help reduce the carbon impact of existing buildings, cities across the United States are passing Building Performance Standards. (Building Performance Standards measure and strive to improve the carbon footprint of the building.) Take Philadelphia’s Building Energy Performance Program (BEPP) as an example. Although your building may not subject to BEPP requirements, facility managers should be aware of these standards, because it’s likely only a matter of time before your area adopts one.
Obviously, non-compliance of local regulations can bring financial risk, from fines to taxes. However, there is also lost opportunity risk, because presently there are a variety of financial incentives from government and utility companies which can offset the capital expenditures for sustainable retrofits.
Tenants, employees, investors, and key stakeholders have an expectation that organizations and individual facilities have (or are planning) a path towards net zero, and facility managers often become the spokesperson for those initiatives.
In addition to the environmental and social impacts of a net-zero path, sustainable assets allow managers to point towards operating cost achievements – i.e., sustainable asset costs are 13% lower for new construction and close to 9% lower for retrofitted building projects.6
Aging equipment can increase risks to safety and reliability, as well as costs for repair or replacement due to supply chain shortages. Compounding this issue is the fact that building systems are increasingly interconnected, automated, and power-sensitive, and facility managers find themselves with a highly complex maintenance and lifecycle management.
Decarbonization efforts help facility managers:
The path towards decarbonization may seem complicated for retrofit projects. However, new financial incentives from utility companies can make that path even easier. And, experienced HVAC and mechanical companies (like CM3), who have been implementing retrofit projects for decades, can guide you through both the retrofit and the utility rebate process.
Please reach out for a consultation.
Content for this blog was provided in part by Schneider Electric. CM3 is a Master EcoXpert for Schneider Electric.