CREW Orange County and Green Econome present Connections 2024 Outlook Lunch and Learn

Please join us on Wednesday, January 10, 2024, for lunch, learning, and networking at Tangram Interiors' beautiful space in Newport Beach. Green Econome CEO, Marika Erdely will be discussing:

  • What you need to know about energy and water disclosure laws for existing buildings.
  • Critical insight into ESG and its impact on commercial real estate.
  • Available utility incentives and tax benefits of the Inflation Reduction Act for new development, renovations, and efficiency upgrades.

Space is limited. Registration is required and closes on January 9, 2024 at noon. We hope to see you there!

CREW Connections 2024 Outlook Lunch and Learn

Wednesday, January 10th
12:00 pm - 1:00 pm

Tangram Interiors
1375 Dove Street, Suite 300
Newport Beach, CA 92660

During National Clean Energy Action Month, take steps toward climate action for your commercial real estate.

Since our inception, the U.S. EPA’s ENERGY STAR® programs have been at the core of Green Econome’s services to help our customers save energy, save money, and protect the planet. As a commercial real estate owner or manager, you have the power to make a positive impact on the environment and your bottom line. October is National Clean Energy Action Month, a perfect time to take action and implement energy-efficient practices in your buildings. One of the best ways to start is through ENERGY STAR benchmarking and certification.

ENERGY STAR is a program by the U.S. Environmental Protection Agency (EPA) that helps businesses and individuals save money and protect the environment by promoting energy-efficient products and practices. Through benchmarking, you can compare your building's energy performance to similar buildings and identify areas for improvement. Certification, on the other hand, recognizes buildings that meet strict energy efficiency standards and have lower energy costs and greenhouse gas (GHG) emissions. By using ENERGY STAR benchmarking and certification, you can reap numerous benefits for your buildings and your business.

Top 5 Reasons for Clean Energy Action

Comply with Local and State Energy Benchmarking and Building Performance Policy

Cities and states nationwide are adopting climate action plans, which in many cases include annual ENERGY STAR benchmarking to track energy and water use and building performance standards to reduce GHG emissions across their existing building stock. Often ENERGY STAR certification is an exemption from having to perform costly audits, retro-commissioning, and efficiency improvements.

Lower Energy Costs

Energy-efficient buildings consume less energy and therefore have lower energy bills. According to ENERGY STAR, certified buildings use 35% less energy and emit 35% less carbon dioxide than typical buildings. By benchmarking your building's energy performance, you can identify ways to reduce energy waste and save money in the long run.

Higher Property Value

ENERGY STAR certification is a badge of honor that can increase your building's value and appeal to potential tenants or buyers. Certified buildings are more attractive to environmentally conscious tenants who prefer to work or live in sustainable spaces. Moreover, building certifications are being used as ESG targets and requirements by tenant companies, REITs, and investment firms.

Improved Indoor Comfort

Energy-efficient buildings are not only good for the environment and your wallet, but also for the health and comfort of occupants. By reducing energy waste, you can improve indoor air quality, reduce noise levels, and enhance thermal comfort. This can result in higher productivity, better health outcomes, and happier occupants.

Positive Public Relations

Implementing energy-efficient practices and achieving ENERGY STAR certification can improve your business's public image and reputation. You can promote your achievements to your stakeholders, customers, and the media, and showcase your commitment to sustainability and energy conservation.

Join us this month in celebrating the progress made, and more importantly, taking steps to further the clean energy transition needed to sustain our future. Take a moment, gather your team, and discuss with purpose what changes and goals you can commit to in 2024 and beyond. When you have the vision, take action. Call (424) 422-9696 or Contact Us. Talk to you soon!

About Green Econome

Green Econome is a woman-owned, small business providing energy and water efficiency compliance, consulting, and construction services for commercial real estate. Our Los Angeles-based team of licensed and credentialed professionals takes an integrated approach to finding efficiency solutions that positively affect market valuations, reduce environmental impact, meet ESG and sustainability goals, and ensure regulatory compliance.

Resilience, public health, mental health, collaboration between the public and private sectors, science-based strategies, equity, and trust. Are we talking about the current pandemic or the Fitwel Certification System? We are talking about both. The groundswell around health and wellness at the workplace had taken hold before COVID. Now, a clear set of standards and protocols to keep people healthy is required to open doors again.

Fitwel® is the World's Leading Certification System Committed to Building Health for All™. Using evidence-based scientific research, the Fitwel system is a series of standards and strategies developed to optimize building design and operations, in support of the health and well-being of its occupants. The program is run by the Center for Active Design (CfAD), in close collaboration with the U.S. Centers for Disease Control and Prevention (CDC), and the U.S. General Services Administration (GSA).

Why Fitwel certification matters

As we reopen, occupant trust and safety are paramount. Fitwel certification makes transparent the strategies used to maximize their well-being. For property stakeholders, Fitwel has recently introduced the Fitwel Viral Response Module, an annual certification of policies and protocols informed by the latest public health research on mitigating the spread of infectious diseases. It offers a comprehensive methodology critical to ongoing response. 

Global pandemic aside, wellness is an important differentiator to top companies and those they employ. Talent is attracted to healthy and inspired spaces. When you provide an environment with a sense of place, amenities that cater to a healthier lifestyle, and a building with sustainable design, there are far-reaching effects. Inside, you have thriving tenants who stick. Outside, you create a positive impact on the overall wellbeing of people and the environment. When people can bike to work, emissions are reduced. When there is access to healthy food onsite, people do not get in their cars for lunch. When outdoor spaces are available, both physical and mental health improve. 

This is not conceptual. Research used by the Fitwel system shows a direct correlation between workplace design and occupant productivity and health. Temperature, air quality, lighting, and noise conditions are all factors toward performance and employee well-being. With an estimated 90% of a company's capital being its people, productivity and absenteeism matter. Additionally, disease prevention and good health can result in a positive return on healthcare spending. When a company occupies a building designed with the same goals in mind, their healthcare dollars go exponentially further.

What’s in it for me?

Investing in wellness is a sound long-term play for owners. The rising workforce is vested. According to a 2018 Global Wellness Institute report, global wellness is a $4.5 trillion economy, with a 6.4% annual growth. Workplace Wellness is a key sector, projected to grow to $66 billion in 2022. Conversely, 2018 research from the Integrated Benefits Institute (IBI), shows that illness-related lost productivity costs U.S. employers $530 billion per year. 

Used in tandem with efficiency and sustainability certifications like ENERGY STAR®, LEED, and BREEAM, you are investing in the full spectrum of building health and sustainability. FItwel extends beyond the building, to the people. It also extends beyond the commercial site, to community development. Whatever your discipline, Green EconoME can manage and deliver the full spectrum of certifications for your project.

To learn more about Fitwel for your property or community, contact us at  info@greeneconome.com or (424) 422–9696.

It’s never too late to get Energy Star Certified! Irvin Grant, a 101 year-old Building Owner in LA recently ENERGY STAR Certified his building with the help of Green EconoME. Irvin built Brentwood Terrace Condominiums, located at 825 S. Gretna Green Way, in the 1960s with his sister. Its eye-catching rounded front has made this building a landmark in the Brentwood neighborhood. 

ENERGY STAR is the government-backed, energy efficiency ranking system. For eligible buildings, the tool calculates an ENERGY STAR score on a scale from 1 to 100.  For a building to be labeled “ENERGY STAR” certified, it must score a 75 or above. Studies find that ENERGY STAR certified buildings command a sales price and rental rate premium of up to 16%.

Irvin’s building received a score of 93, determined by the Benchmarking Report that Green EconoME generated for the building to be in compliance with Los Angeles’ Existing Buildings Energy & Water Efficiency (EBEWE) Ordinance. With Green EconoME’s guidance, Irvin pursued the ENERGY STAR certification in order to be exempt from Phase II of EBEWE, which requires an ASHRAE Level 2 Audit and Retro-Commissioning.

To learn more about EBEWE, exemptions, or other city/state Energy Disclosure Laws visit Our Services.

To learn more about ENERGY STAR Certification click here.

Or feel free to contact us: info@greeneconome.com or 818-681-5750.