The commercial real estate (CRE) industry is increasingly recognizing the importance of sustainability and reducing its environmental impact. As commercial property owners and operators, taking steps to minimize your environmental footprint is not only good for the planet but can also yield significant cost savings and enhance the value of your properties.  

Read on for simple tips to reduce environmental impact in commercial property management. By implementing these strategies, you can make a positive contribution to the environment while also benefiting your business. 

Top 4 priorities for improving building energy efficiency

Improving building energy efficiency at properties continues to be a major focus for teams. From a cost to a tenant concern, CRE teams are keen to find better ways to boost their current energy efficiency practices.

Energy efficiency 

Improving energy efficiency is one of the most effective ways to reduce environmental impact in commercial property management. Consider the following tips: 

• Upgrade to energy-efficient lighting, such as LED bulbs, which consume less energy and last longer than traditional incandescent or CFL bulbs. 
• Install programmable thermostats and smart meters to monitor and control energy usage more effectively. 
• Regularly maintain HVAC systems to ensure optimal performance and energy efficiency. 
• Optimize HVAC systems with artificial intelligence to reduce energy consumption. 
• Seal windows and doors to minimize drafts, and insulate walls and roofs to reduce heating and cooling costs. 
• Consider installing renewable energy sources, such as solar panels or wind turbines, to generate clean electricity for your property. 

Path to net zero checklist: Easy ways for CRE teams to achieve sustainability goals

As the world becomes increasingly focused on mitigating the effects of climate change, the commercial real estate industry has a critical role to play in reducing carbon emissions.

Water conservation 

Reducing water consumption is another crucial aspect of minimizing the environmental impact of commercial property management. Here are some tips to help you conserve water: 

• Fix leaks promptly, as even small leaks can waste significant amounts of water over time. 
• Install low-flow faucets, toilets, and urinals to reduce water usage. 
• Use native plants and drought-tolerant landscaping to minimize the need for irrigation. 
• Implement a rainwater harvesting system to collect and store rainwater for landscaping or other non-potable uses. 
• Educate tenants about water conservation and encourage them to report leaks or other issues. Make sure it’s easy for tenants to report issues to ensure that they will. 

Waste management 

Proper waste management is essential to reduce the environmental impact of commercial property management. Consider these tips: 

• Implement recycling and composting programs to divert waste from landfills. 
• Encourage tenants to use reusable items, such as cups and bags, to reduce single-use waste. 
• Install centralized waste collection areas to make it easier for tenants to recycle and dispose of waste properly. 
• Work with waste management providers to ensure that waste is collected, transported, and disposed of in an environmentally responsible manner. 

Sustainability in commercial real estate: Top goals for 2023

As workers continue to trickle back into the office, tenants are demanding more sustainable and energy efficient buildings. Because of this, property teams are reevaluating their current sustainability strategy.

Sustainable transportation 

Encouraging sustainable transportation options can help reduce the carbon footprint of your commercial properties. Consider implementing the following strategies: 

• Offer secure bike storage and shower facilities to encourage cycling to work. 
• Provide electric vehicle charging stations to support the use of electric vehicles. 
• Partner with local public transportation providers to offer discounted transit passes for tenants. 
• Establish carpooling or ride-sharing programs to reduce the number of single-occupancy vehicles on the road. 

Other simple sustainability tips 

There are other simple ways you can reduce the environmental impact of commercial property management, including: 

• Encourage tenants and teams to go paperless by using digital documents (especially when it comes to tenant compliance and COI tracking!) and communication methods. This can help reduce paper waste and improve efficiency. 
• Implement a green cleaning program by using environmentally friendly cleaning products and equipment, which can help reduce the environmental impact of cleaning and maintenance. 
• When making renovations or building new structures, consider using sustainable building materials such as reclaimed wood, bamboo, or cork. These materials are not only environmentally friendly but also durable and cost-effective. 
• Educate your tenants and team members about the importance of sustainability and how they can help reduce the environmental impact of the property. Involve them in green initiatives and encourage them to share their own ideas for sustainability. 

Easy Ways to Simplify Certificate of Insurance Tracking

Download this free interactive infographic to learn how to automate your COI tracking – and how it can save you money.

Reduce environmental impact in commercial property management 

Reducing the environmental impact of your commercial properties is a worthwhile endeavor that can lead to cost savings, enhanced property value, and a better reputation for your business. By implementing these tips, you can take meaningful steps toward creating more sustainable commercial properties while also promoting a healthier environment for future generations. 

Ready to reduce energy consumption and save money? Learn how industry leaders like Zurich Alternative Asset Management have reduced carbon emissions by 210 metric tons and saved $50,000 on energy costs annually.