In 2024, Partner Energy’s Green Certifications practice grew in the number of properties certified, from 161 total properties certified in 2022, to 184 in 2023, and then to 192 in 2024. Last year, Partner Energy helped clients obtain 145 ENERGY STAR® EB certifications, and 47 other green certifications. Among ENERGY STAR® certifications, multifamily properties had […]
Originally published on GlobeSt In 2025 and beyond, not only must CRE owners and investors deal with physical climate risks like wildfires and hurricanes, but they also need to manage the transition risks that come with the shift toward a low-carbon economy. Transition Risks are business-related risks due to government regulations and disclosure rules around […]
On January 2nd, Lawrence Berkeley National Laboratory published the report, Building Performance Software: Portfolio-Level Capabilities and Applications, which “reviews the ecosystem of environmental, social, and governance (ESG), energy management information systems (EMIS), and decarbonization software with the goal of orienting prospective users to current offerings.” The report “offers a snapshot of today’s rapidly evolving decarbonization […]
Published November 28, 2024 on GRESB.com Introduction In the face of growing climate challenges, the push for decarbonizing commercial real estate (CRE) portfolios has gained urgency. With “decarbonization waterfall” charts, like the one shown below laying out methods such as grid decarbonization, energy efficiency, on and off-site renewable energy, electrification, and carbon offsets, it is […]
The Environmental Protection Agency (EPA) has recently taken a significant step by approving California’s Warehouse Actions and Investments to Reduce Emissions (WAIRE) program. This approval not only makes the program federally enforceable within California but also opens the door for lawsuits to be filed in federal court. While the WAIRE program initially allowed lawsuits to […]
Is your property future-proof? In this recorded live webinar, Partner Energy President, Tony Liou, and Partner Engineering and Science Technical Director, Jessica Wright, dive into strategies for climate-proofing your assets. Topics include physical and transition risks, identifying potential regional climate risks, property-specific risk assessments and resilience measures, the ASTM Guide for Property Resilience Assessment, as […]
Published November 2023 As concerns over climate change intensify and regulations evolve, commercial real estate investors and owners are under increasing pressure to reduce carbon footprints of their properties, or “decarbonize” them. Most recently, California passed the Climate Accountability Package, which will require a large number public and private companies conducting business in the state […]
California Code of Regulations Section 2644.9 – Consideration of Mitigation Factors; Wildfire Risk Models Wildfires have become a concern in California over the past several years, with catastrophic events leading to billions of dollars in damage. With changing climate patterns and extended periods of drought, the frequency and intensity of these wildfires have heightened. In […]
On October 7, 2023, California Governor Gavin Newsom signed into law two climate disclosure and reporting bills: the Climate Corporate Data Accountability Act or Senate Bill (SB) 253, and Climate-Related Financial Risk Act (SB 261). These two laws, together known as the Climate Accountability Package, will require certain public and private companies that conduct business […]
The need for EV charging stations is increasing as more consumers switch to electric vehicles. As federal and state programs push for the installation of EV charging stations to help with net-zero goals, now is the best time to consider investing in EV charging for your properties. There is a plethora of EV charging funding […]