Research - MAY 17, 2017

Better Buildings Progress report says companies have saved $1.9b

by Andrea Waitrovich

More than 900 organizations across many diverse sectors are now part of the Better Buildings Initiative.

These partners represent more than 13 percent of total U.S. commercial building space, about 12 percent of the U.S. manufacturing energy footprint, and 125 state and local governments.

More than a third (345) of these organizations have taken the Better Buildings Challenge.

This leadership initiative calls on CEOs, university presidents, building owners, state and local government leaders, and housing developers to reduce the energy use of their entire building portfolios by 20 percent within 10 years. They are on track to meet their energy reduction goals, saving more than 2 percent each year on average, and $1.9 billion since the start of the program.

Financing is often cited as a key barrier to energy efficiency; however, 37 Financial Allies have committed $7 billion in capital for efficiency projects, including nine new allies in the past year.

For the full report, click here.

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