Let's Chat

Please select a below topic related to your inquiry and we’ll get back to you shortly.

Afghanistan
Albania
Algeria
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
The Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Burkina Faso
Burundi
Cabo Verde
Cambodia
Cameroon
Canada
Central African Republic
Chad
Chile
China
Colombia
Comoros
Congo, Democratic Republic of the
Congo, Republic of the
Costa Rica
Côte d’Ivoire
Croatia
Cuba
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
East Timor (Timor-Leste)
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Eswatini
Ethiopia
Fiji
Finland
France
Gabon
The Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Korea, North
Korea, South
Kosovo
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia, Federated States of
Moldova
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Myanmar (Burma)
Namibia
Nauru
Nepal
Netherlands
New Zealand
Nicaragua
Niger
Nigeria
North Macedonia
Norway
Oman
Pakistan
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
Spain
Sri Lanka
Sudan
Sudan, South
Suriname
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan
Vanuatu
Vatican City
Venezuela
Vietnam
Yemen
Zambia
Zimbabwe

For more information about how Switch handles your personal data, please see our Privacy Policy.

Thank you!
Your submission has been received!
Oops! Something went wrong while submitting the form.
Understanding the personal and financial benefits of green certification

Understanding the personal and financial benefits of green certification

This final part of our series investigates the financial, organizational and occupant-related benefits of green building certification.

To provide a deeper understanding of green building certification, the first post in this series highlighted the certification types that matter most in CRE, while the following post examined a simpler way for sustainability teams to achieve green building certification.  

This third and final post will investigate the financial, organizational and occupant-related benefits of investing in green certification.

Green has gone global

People are demanding healthier places to live and work, not just in the U.S. but around the world. 79% of employees said that, all else being equal, they’d sooner take a job in a LEED-certified building over a job in an uncertified one. This shift in preference has turned sustainably into a global trillion-dollar industry. 

To meet the growing demand, companies are turning to smart platforms that not only assist with green building certification processes, but actually help building operators and facility managers make better data-driven decisions. These platforms use readily available data to quickly and easily gather and process building data so FM teams can improve the occupant experience, drive down costs and improve energy performance.

Putting a little humanity back into the workplace

There’s been plenty of hand-wringing in recent years about the prospect of artificial intelligence and machine learning “stealing jobs.” While automation will undoubtedly reduce or eliminate certain positions, the reality is that the jobs on the chopping block are the manual, time-intensive jobs we don’t particularly like anyway.  

19% of the world’s workforce can be qualified as “actively disengaged.” That disengagement accounts for approximately $7 trillion in lost global productivity each year, according to Gallup. And while automation might eliminate some jobs, it also has the potential to reverse these numbers a bit. 

Automation - and the up-to-date, real-time data that comes with it - can impact organizations, teams, colleagues and brands simply by freeing up human brain capacity. In the specific case of green building certification, once laborious 'data chasing' has been alleviated, building operators, facility managers and other stakeholders will have more time and resources to devote to improving creativity, innovation and customer experiences. 

This important work can only be achieved, once more tedious and menial work is offloaded however. Automation therefore creates deeper, more meaningful work — the antithesis of job loss and disengagement.

Put plainly, automating green building certification processes with smart platforms can actually enable workers to do more meaningful, and sometimes more creative, tasks that deepen connection and improve revenue in the long-term. It also lightens the certification admin workload, affects organizational culture and puts a little humanity back into environmental campaigns. 

Adding value through green building certification

LEED is one of the most popular green building certification programs in the world, with more than 32,500 projects certified since 2000. There’s no doubt that green building certifications like these add value to new properties — more than 10% in some cases — but there are greater environmental and social advantages too. Let’s examine some of the other green building benefits.  

Reduced overhead costs

Green certification saves building owners money. The systems, processes and platforms that optimize equipment and improve building performance efficiency have the potential to generate more than $400,000 in cost savings over a ten year period. Retro-commissioning and continuous commissioning practices offer additional cost savings, with retro-commissioning delivering an average payback period of one year and continuous commissioning producing average savings of $100 million per building according to Texas A&M’s Energy Systems Laboratory.

Tax incentives

Another benefit of securing green building certification are the associated tax credits and deductions. The requirements tend to be highly specific, so it’s important to speak with your tax professional on this subject, but improvements like high-efficiency lighting, more efficient building envelopes and better HVAC systems are just a few ways to achieve these. 

Increased tenant comfort

Sure, green building certifications indicate healthy environmental practices, but how does a green building really affect the people inside? Ensuring greater personal comfort — whether for employees or residents — positively impacts health and wellness. 

Adequate ventilation helps control air pollutants from fabrics, cleaning chemicals, and outdoor pollution. Good design, access to outdoor areas, and recreational and leisure spaces reduce boredom, increase blood flow, and give people a general sense of well-being. Additionally, employees in green certified buildings report that they show up to work more often and are more productive while they’re there. Furthermore, green certified buildings tend to demand higher rent and achieve greater occupancy levels than non-certified buildings.

Signal your values and differentiate your brand

As climate change awareness grows, people are becoming increasingly aware of sustainability initiatives. Whether you’re LEED or WELL-certified, you clearly signal your organization’s commitment to reducing climate change, positively differentiating your brand and attracting similarly conscientious occupants. 

Raise awareness as a community

The U.S. National Security Agency credits LEED with creating a “greater awareness of green building benefits” by demonstrating “the broad applicability of green and sustainable building design criteria.”

Although programs like LEED and WELL are certifying tens of thousands of buildings worldwide, these buildings remain in the minority. Nonetheless, awareness of green building certification is growing as property owners, operations managers, design firms and architects gain a deeper understanding of the benefits. 

Growing awareness, growing opportunities

Green building certification should be the first step to helping facilities managers and building owners cut costs, improve system efficiencies, reduce their carbon footprint and improve occupant health. 

And while an understanding of green buildings and their benefits is continuing to spread, there’s still a long way to go to achieve change on a global scale. It won’t happen overnight, but as worldwide concern about climate change increases and smart building platforms find wider adoption, our industry appears to be well on its way. 

Talk to a smart building expert to learn more about how Switch helps portfolio managers reach their sustainability goals.

Let's Chat
PUBLISHED
July 25, 2019
Switch Team
Switch Team
Switch Automation
RELATED TAGS
No items found.
SHARE THIS ARTICLE

Filter by

Thought Leadership

5 articles found

People Culture

Switch Celebrates Wear It Purple Day

Switch celebrates Wear It Purple Day 2022—an international movement of expression, celebration and support.

Switch Team
Switch Automation
Read Article
Product

How to choose the best building management app

A good building management app helps commercial property managers streamline operations, save time and cut costs. Select the right one by following these tips.

Switch Team
Switch Automation
Read Article
Industry Insight

Investing in the Future of Higher Education and Universities with Digital Facilities Management

With the onset of climate change to drive the global sustainability agenda, energy consumption in the educational sector is both an environmental and financial concern for schools and universities. How can universities leverage the adoption of intelligent building technology to improve energy efficiency?

Switch Team
Switch Automation
Read Article
People Culture

Switch Spotlight: Andrew Chee

Get to know our Switchers as we share our journeys in the smart building industry and what it’s like working at Switch!

Switch Team
Switch Automation
Read Article
Industry Insight

Building the Transition to Net Zero through Energy Efficiency Optimization

With energy prices at a multi-decade high and increased societal pressure to lower carbon emissions, buildings must optimize their energy efficiency to stay relevant, stay profitable, and combat the global climate crisis. Can you afford the cost of inaction?

Switch Team
Switch Automation
Read Article
Industry Insight

How your smart building architecture can ensure your facilities remain an asset – not a liability

5 key steps to futureproofing buildings with investments that will deliver value and prepare your organization for further top line growth.

Switch Team
Switch Automation
Read Article

Latest articles

People Culture

Switch Celebrates Wear It Purple Day

Switch celebrates Wear It Purple Day 2022—an international movement of expression, celebration and support.

Product

How to choose the best building management app

A good building management app helps commercial property managers streamline operations, save time and cut costs. Select the right one by following these tips.

Industry Insight

Investing in the Future of Higher Education and Universities with Digital Facilities Management

With the onset of climate change to drive the global sustainability agenda, energy consumption in the educational sector is both an environmental and financial concern for schools and universities. How can universities leverage the adoption of intelligent building technology to improve energy efficiency?

Stay connected with us

If you don't want to miss any updates, make sure to subscribe

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.