The Power of PartnershipsPublished: Feb 7, 2018 Codes | Policy | Finance & Real Estate | Blog Post
IMT is fueled by the power of partnerships.
We achieve tangible outcomes with the support and engagement of funders, corporate stakeholders, and nonprofit and government partners—together, we are creating transformational impact that far exceeds the potential of each individual group. IMT contributes leadership, expertise, resources, tested approaches, and hands-on implementation strategies to building efficiency, including policy, programs, codes, and finance. Our collaborators bring complementary expertise and innovative solutions, as well as access and insight to target markets.
The green lease perfectly illustrates the tangible nature and transformative power of such collaboration. IMT helps landlords and tenants come together around the lease document to do what neither party can do on its own. Together, they share in the costs and rewards of using less energy and resources. Together, they have the power to transform the market: if such an approach were implemented in leased office buildings across the U.S., it would result in over $3 billion in annual cost-savings.
IMT and our partners work to create such transformational impact in several markets, including:
Commercial Real Estate Markets
The Retail Industry Leaders Association (RILA) and the International Council of Shopping Centers (ICSC) are key collaborators with IMT on the success of the Landlord-Tenant Energy Partnership. Through the Partnership, more than 45 landlords and tenants from across the U.S. are deploying a solutions toolkit to unlock major energy savings through smarter leasing language, cost-effective best practices, and innovative technology. The Partnership’s participants represent more than 2 billion square feet of commercial real estate, equal to almost seven percent of all leased space in the U.S.
Building on the Partnership, IMT drives energy efficiency throughout a commercial building’s life cycle. Working with the U.S. Department of Energy, IMT trains real estate brokers to understand the business case for high-performance buildings so they can illuminate the value of energy-efficient spaces to clients. IMT also regularly works with industry leaders that are elevating smart strategies such as green leasing and performance standards throughout their spaces.
“Yardi collaborates with IMT because its work furthers our mutual goals of helping our customers save money and reduce their impact on the environment. IMT drives demand for energy efficiency by continually refining the business case and engaging the right market actors to make smart investments based on actionable intelligence.”
—Matt Eggers, Vice President, Yardi Energy
Metro Area Markets
IMT works with government and nonprofit partners in cities, counties, and states across the country, including the 20 jurisdictions in the City Energy Project, which we co-lead with the Natural Resources Defense Council (NRDC). The many collaborators in our community-based work provide convening power in their local real estate markets, as well as the means to deliver building energy performance policies and programs. Through the power of partnership-focused efforts such as the City Energy Project, IMT now works with over 80 jurisdictions that collectively house one quarter of the large (greater than 25,000 square feet) buildings in the U.S. Our efficiency policies and programs now cover more than 12 billion square feet of commercial and multifamily U.S. buildings, or 15 percent of the total commercial and multifamily market in the U.S.
“The City of Atlanta's partnership with IMT through its City Energy Project bolsters our position as a national leader in energy efficiency. IMT's expertise is a valuable tool in making significant progress toward our sustainability goals.”
—Kasim Reed, former Mayor of the City of Atlanta (2010 – 2018)
“Achieving California's aggressive clean energy goals requires rolling up our collective sleeves to find, test, and scale solutions that work in actual practice for local communities. We can always count on IMT to bring innovative—and grounded, well informed, and technically sound—ideas to the table.”
—Commissioner Andrew McAllister, California Energy Commission (2012 – Present)
IMT’s government, corporate, and foundation donors provide much more than generous resources to support IMT’s work. They also empower IMT to explore and develop innovative approaches, resources, and partnerships that are transforming challenging market segments such as the small and medium commercial buildings and multifamily housing sectors, whose occupants can benefit immensely from the wide advantages of high-performance spaces.
“IMT is a key partner in The Kresge Foundation’s fight to address climate change. Its innovative and collaborative work with cities is transformative, and we look to IMT’s staff as reliable experts and trusted colleagues to achieve our shared goals.”
—Jessica E. Boehland, Senior Program Officer, Environment, The Kresge Foundation
As IMT continues its work of advancing energy-efficient buildings in 2018, we are grateful for and committed to our many partners and friends. It will take all of us to achieve the transformative impact we so urgently need. Working in partnership, we have the power to do so.