Report: BPS

In this report, we share informative nationwide BPS data and how CRE organizations can leverage technological advancements to best prepare for and avoid penalties.

New laws regulating buildings are proliferating across the United States, aimed at increasing operational efficiency to lower carbon coming from the built environment, which accounts for nearly 40% of global emissions.

The local, state, or national policies require specific buildings to comply with new energy efficiency and greenhouse gas emissions targets (Scope I & II), which may vary depending on property classification, primary building use, or external performance benchmarking metrics. Each policy referenced in this report imposes a financial penalty for non-compliance. Other penalties may include but are not limited to, limiting asset-level commercial activity and certificate of occupancy revocation.

Ultimately BPS are still relatively new as the first is less than two decades old, but early indications show they are a powerful tool to drive built environment enhancement.