Press Release Summary:
Announced as part of broader partnership with U.S. Department of Energy (DOE) and U.S. Environmental Protection Agency (EPA) as part of President Obama’s Better Buildings Initiative, CoStar Group will publicize building energy performance information in its commercial real estate listings. NEMA President and CEO said this action, "will accelerate investments in energy-efficient products and building operations that support local construction and manufacturing jobs.”
Original Press Release:
NEMA Welcomes CoStar Group Decision to Publicize Building Energy Use
A new Better Buildings Initiative partnership between the CoStar Group, the Department of Energy, and the Environmental Protection Agency will accelerate investments in energy-efficient products and building operations that support construction and manufacturing jobs.
ROSSLYN, Va.—Today, the National Electrical Manufacturers Association (NEMA) welcomed the announcement that the CoStar Group will now publicize building energy performance information in its commercial real estate listings. This information is already being made public by state and local governments through building energy benchmarking and transparency laws. The announcement is part of a broader partnership with the U.S. Department of Energy and the U.S. Environmental Protection Agency as part of President Obama’s Better Buildings Initiative.
“NEMA has long promoted increased energy performance transparency as a means of advancing energy efficiency in commercial, government-owned, and multifamily buildings,” said NEMA President and CEO Kevin J. Cosgriff. “By prominently displaying energy performance information like ENERGY STAR portfolio manager scores, energy use intensity, and other energy-related metrics for tens of thousands of buildings over the next few years, CoStar Group will accelerate investments in energy-efficient products and building operations that support local construction and manufacturing jobs in communities around the country.”
Through its High-Performance Buildings Council, NEMA has worked in cities, counties, and states around the country to promote the adoption of building energy benchmarking and transparency laws. In many jurisdictions, ENERGY STAR scores and energy-related metrics are made public through a downloadable spreadsheet or database; however, the information can be difficult to access, which reduces its efficacy in driving energy-efficiency investments. By including energy performance metrics as part of a platform that real estate professionals already visit for information about buildings, CoStar Group is ensuring that buyers and renters have access to the information they need to understand whether a specific building is a high performer or a less efficient facility that could have higher operating costs.
CoStar Group will begin publishing information on buildings in Chicago, IL, and Washington, D.C., this summer, followed by a broader rollout of information this fall. For more information on this partnership, visit the DOE website.
For building owners and facility managers looking to improve their facilities’ energy performance, NEMA has published a step-by-step roadmap, theBuilding Owner’s Toolkit, for assessing energy performance and identifying needed upgrades.
The National Electrical Manufacturers Association (NEMA) represents nearly 400 electrical, medical imaging, and radiation therapy manufacturers on the forefront of electrical safety, reliability, resilience, efficiency, and energy security. Our combined industries account for more than 400,000 American jobs and more than 7,000 facilities across the United States. Domestic production exceeds $117 billion per year.
National Electrical Manufacturers Association
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