Landlord-Tenant Energy Partnership
Achieving a 20 percent reduction in energy use in America’s commercial, retail, industrial, and office buildings would save billions of dollars annually. However, lack of awareness and weak demand for energy-efficient spaces is preventing thousands of landlords and tenants from reaching this potential.
Recognizing this, IMT, the Retail Industry Leaders Association (RILA), and the International Council of Shopping Centers (ICSC) launched the Landlord-Tenant Energy Partnership, a first-of-its-kind coordinated national effort to reduce energy and water use across billions of square feet of leased space.
Increasing tenant demand and landlord-tenant collaboration is necessary to reap the massive investment potential and wide-ranging benefits of high-performance buildings. IMT’s experience working with landlords and tenants across North America reveals that business models and the technology needed to unleash tenant efficiency already exist, but are used sparingly due to legacy business practices. We know how to create programs that overcome this barrier and generate results.
By 2020, the Landlord-Tenant Energy Partnership will engage with key stakeholders to catalyze new energy-efficient investment from building owners and tenants by:
- Improving the way tenants select spaces
- Incorporating energy efficiency and sustainability clauses in lease agreements as standard practice
- Developing standards for energy efficiency build-out specifications and operations
- Launching pilot projects with participants, and translating the results into an
actionable set of tools
- Hosting in-person and web meetings for participants and publishing resources, tools, and case studies for implementing effective sustainability strategies in leased buildings
- Helping to develop and improve new federal recognition programs such as ENERGY STAR for tenants
In addition to our decades of experience, the Landlord-Tenant Energy Partnership benefits from strategic alliances with the U.S. Environmental Protection Agency (EPA) and the Professional Retail Store Maintenance Association (PRSM), as well as an advisory committee that consists of Macerich, Tishman Speyer, the U.S. Department of Energy (DOE), and other market influencers that will serve as channels to reach a significant span of tenant companies.
Take Part in the Change
To foster collaboration and break down barriers to larger savings, IMT, RILA, and ICSC invite you to take part in the Landlord-Tenant Energy Partnership. Whether you’re looking to adopt low- and no-cost best practices, take advantage of financing solutions and utility programs to remove upfront investment costs, or adopt technology to better measure and manage your energy and improve operations, we have the knowledge and tools to help you advance your goals and achieve lasting savings and high performance.
Want to know more about becoming a participant or how to sponsor the initiative? Click on the link below and don’t forget to visit us at landlordtenantenergypartnership.org.